Seeking Alpha

John C. » Comments » Single Comment |

  • How Much of eBay's Sales are Fixed Price? [View article]
    Also I might add, in ebay trying to fashion itself like Wal Mart and their policies, the major difference being ebay doesn't own any of its inventory, they are merely the electronic building that all the buyers and sellers to trade their wares in, yet they get a cut off every transaction, which rightly so somewhat but now to the point it's killing the goose that laid the golden egg, ebays sellers, buyers, the internet and the shipping companys are actually what in my opinion made ebay what it is, yet they are terrible towards their sellers. Probably one of ebays smartest moves was to purchase Paypal and then basically force all it's users to use paypal, for another fee of course, Paypal handles 25 to 30 million dollars a day in transactions, at per various percentage fees, plus amazingly they can debit your bank account in just 24 hours but when it comes time for paypal to credit your bank account it magically takes 3 to 5 business days, imagine the float on that money?. wouldn't like to own that business? Certainly all businesses are in business to make money, I fully understand that, however instead of really enhancing ebays site and features for both buyers and sellers they really are more in the fee business in my opinion, thus the nickname feebay?, LOL
    Aug 28 23:50 pm |Rating: 0 0
All Comments by John C. »
Comments by Ticker
John C.'s
Comments Stats
2 comments
Rating: 0 (0 - 0 )