Tag Archives: PayPal

eBay to begin processing Payments in-house by 2021

We all know that eBay split with it’s money printing machine (aka PayPal) a few years ago.

It never made sense to me that eBay never integrated it’s own payment processing system like Amazon Pay or AliPay. A simple credit card accepting option offered to all sellers instead of having to be forced to have to use only PayPal.

Well, today eBay announced a partnership with Adyen, A payment platform that I’ve never heard of. Honestly they should have just partnered with Stripe because it’s simply AWESOME.

Anyways, the integration will start (for a select few) in the second half of 2018, to be fully integrated by the time the PayPal partnership (aka the monopoly) ends in 2021.

Although I think that eBay needs serious and immediate internal re-construction. And this news is way too late (and will take long to actually work), I’m going to stay with a positive tone since this is post because it’s actually good news.

Here is copy the email announcement:

Dear eBay Seller,

 

eBay is happy to announce plans to further improve the customer experience by intermediating payments on our Marketplace platform. In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for both buyers and sellers. We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers.

 

You do not need to take any action at this time. The transition to full payments intermediation will be a multi-year journey.

 

Over the past three years, eBay has transformed its business to drive the best choice, most relevance and most powerful selling platform. Building out our payments capabilities is the next step in that strategy.

 

Payments intermediation will bring significant benefits for eBay sellers. You can expect a simplified pricing structure, more predictable access to funds, and most sellers can expect their costs of payments processing to be reduced. We’re also working on ways to provide sellers a central place to track and manage their business, which can soon include payments information.

 

By offering buyers more choice in how they pay and expanding payment options into more geographies, eBay believes sellers will be able to reach more buyers and improve conversion.

 

The transition to full payments intermediation will be a multi-year journey. eBay will begin intermediation on a small scale in North America starting in the second half of 2018, expanding in 2019 under the terms of the Operating Agreement with PayPal. In 2021, we expect to have transitioned a majority of Marketplace customers to the new payments experience.

 

Again, you do not need to take any action at this time. As eBay gets closer to the initial phase of its intermediation efforts, we will share more details about this process and next steps for sellers. In the meantime, please read the eBay Inc announcement for further information. For any immediate questions or to share feedback, please email paymentsinfo@ebay.com.

 

We’re looking forward to what’s next, and to getting there with you.

 

As always, thank you for selling on eBay.

 

Bob Kupbens

Laura Chambers

VP, B2C Selling

VP, C2C Selling

 

Finally! The Paypal Debit Card with the EMV Chip is here

We’ve just received the Paypal Debit card that has the EMV chip in it.

Because of the extra security and privacy that EMV chips have, I’ve made sure I upgraded all my cards as soon as it was available, however, the Paypal card took over 2 years since the implementation of EMV chips arrived in the US.

However, it’s finally here with an extra benefit: The added convenience of tap-to-pay option where available. Pretty cool.

Here are all the benefits:

If you didn’t get your card yet and you have the old Paypal Business Debit card, you can always go to the debit card page within your Paypal account and replace the old card with a new one.

Read more about the card on the Paypal welcome kit page here.

As for why I am a huge advocate of EMV chips, I will write up another article about it.

Now accepting money via Twitter (TwitPay)!

The idea is very simple: Tweet the following:

@GuruOfSales twitpay $5 for green earth cause

And I will get $5 from you in the form of an Amazon gift card (That I might use for the Green Earth group).

That’s it!

This is how simple it is.

More details?

OK, so you don’t have to send me money right now (Although I will take it to start the group) 🙂

I think that this is  great idea and a great business model, it’s simple and easy.
The way it works, is that you send someone a tweet (Twitter update) like the example above, you can send anywhere between $0.01 and $50.00.
Twitpay will keep track of your messages (Promises) and will send the recipient an amazon gift card every time they have reach just $10 in their twitpay account.
You can keep your promise or cancel it. it’s up to you.
Other ways to spend your twitpay money is to twitpay a charity or to twitpay (The company). However you need to remember that they will charge you a flat $0.05 for any payment that’s over $0.99

How do you check your twitpay account?

Just go to http://twitpay.me/yourtwittername (Replace ‘yourtwittername’ with your twitter name!) and you will see how much money you have or owe!

For more on twitpay you can visit the service here or read the FAQ here.
Please note: At the time of writing this, twitpay is stil under beta, they are still looking into more ways to integrate their payment systems. Please becarful if you’re sending money to any one. except if you’re sending it to me ;-p

If you’re not following me on Twitter yet, do so by going here.
And if you are not an RSS subscriber yet, do so by going here.

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