Bitcoin Forum

Economy => Economics => Topic started by: neurotypical on July 17, 2015, 06:53:44 PM



Title: eBay official splits from Paypal
Post by: neurotypical on July 17, 2015, 06:53:44 PM
Quote
EBay Inc. last year fought to keep hold of PayPal in a contentious battle before reversing course. As it plans to spin off the fast-growing payments unit on Friday, the e-commerce company may wish it had held its ground.

The company’s second-quarter results, its last as a united entity, tell a story of two online giants headed in seemingly opposite directions. While PayPal can point to double-digit revenue growth and a slate of recent acquisitions, eBay is beset by shrinking sales and is jettisoning assets.

http://www.wsj.com/articles/ebay-revenue-rises-as-earnings-top-expectations-1437048364

Time for eBay to man up and start accepting Bitcoin directly through their in-built interface. Be the pioneer and make Paypal look like idiots in the future. Now it's their chance to shine.



Title: Re: eBay official splits from Paypal
Post by: Amph on July 17, 2015, 06:57:53 PM
are ebay facing a general decline in its users base with the recents news? if without paypal their revenue will remain the same then i doubt they would acquire bitcoin

but it can be because they are not in a good shape for now, they are losing quite a good amount of profit per year

http://qz.com/455978/ebays-about-to-split-with-paypal-and-has-no-real-plan-for-growth/


Title: Re: eBay official splits from Paypal
Post by: Greendragon on July 17, 2015, 08:33:09 PM
bullish


Title: Re: eBay official splits from Paypal
Post by: tyz on July 17, 2015, 08:34:38 PM
i think ebay will meet the fate of Yahoo. Paypal was ebay's cash machine. Without it, Ebay will be a less profitable internet company with limited growth.


Title: Re: eBay official splits from Paypal
Post by: ahmedjamal1998 on July 17, 2015, 08:36:19 PM
Wouldn't it be great if e-bay adds bitcoins as a method of payment ?  ::)


Title: Re: eBay official splits from Paypal
Post by: randy8777 on July 17, 2015, 09:03:56 PM
Wouldn't it be great if e-bay adds bitcoins as a method of payment ?  ::)

it would be great for sure. but don't think they will any time soon, if ever. they will only do it if the demand is there. i'm sure when amazon will accept bitcoin, ebay will surely follow.


Title: Re: eBay official splits from Paypal
Post by: Acidyo on July 17, 2015, 10:57:06 PM
Papal also just bought out ZOOM for $890M - They have their own agenda.


Title: Re: eBay official splits from Paypal
Post by: yayayo on July 17, 2015, 11:12:53 PM
i think ebay will meat the fate of Yahoo. Paypal was ebay's cash machine. Without it, Ebay will be a less profitable internet company with limited growth.

I agree, but not necessarily because they spun off Paypal. I think it will turn out as a bad strategy to imitate Amazon by harassing their sellers to accept customer dictatorship. This way many casual sellers have left eBay (me too). These casual sellers were also buyers. As a result, the whole eBay experience has changed dramatically in the last years: You find much less individual and interesting offers in auction format, instead eBay is flooded by instant-buy mass-market articles that you can always buy cheaper elsewhere.

Ebay lost its uniqueness as an online marketplace and that will be its downfall.

ya.ya.yo!


Title: Re: eBay official splits from Paypal
Post by: tyz on July 18, 2015, 11:14:10 AM
I am not certain of it. Ebay needs to find new ways to make profit. Accepting virtual currencies like Bitcoin could be an option. I am pretty sure, Ebay already took this option seriously into consideration internally.

Wouldn't it be great if e-bay adds bitcoins as a method of payment ?  ::)

it would be great for sure. but don't think they will any time soon, if ever. they will only do it if the demand is there. i'm sure when amazon will accept bitcoin, ebay will surely follow.


Title: Re: eBay official splits from Paypal
Post by: AtheistAKASaneBrain on July 18, 2015, 02:01:59 PM
I am not certain of it. Ebay needs to find new ways to make profit. Accepting virtual currencies like Bitcoin could be an option. I am pretty sure, Ebay already took this option seriously into consideration internally.

Wouldn't it be great if e-bay adds bitcoins as a method of payment ?  ::)

it would be great for sure. but don't think they will any time soon, if ever. they will only do it if the demand is there. i'm sure when amazon will accept bitcoin, ebay will surely follow.

Just imagine how damn easy it would be as a seller to put your address on there to receive payments, and then as a buyer to pay by copypasting their address or scanning a QR code... ebay needs to invest 0 in infrastructures or anything, they can get it working for free. As a business you are simply stupid to not accept BTC at this point.


Title: Re: eBay official splits from Paypal
Post by: Amph on July 18, 2015, 02:14:55 PM
i think ebay will meet the fate of Yahoo. Paypal was ebay's cash machine. Without it, Ebay will be a less profitable internet company with limited growth.

we have openbazar coming, who care about paypal, it's better to promote a decentralized exchange then a old centralized one

and anyway amazon was always above ebey, ebay started to lose its position, since when amazon has become big enough


Title: Re: eBay official splits from Paypal
Post by: tyz on July 18, 2015, 02:48:56 PM
Amazon have made losses since many years. Amazon has not shown yet to have a profitable business concept. Thus, from this point of view, Ebay is above Amazon, even without Paypal.

i think ebay will meet the fate of Yahoo. Paypal was ebay's cash machine. Without it, Ebay will be a less profitable internet company with limited growth.

we have openbazar coming, who care about paypal, it's better to promote a decentralized exchange then a old centralized one

and anyway amazon was always above ebey, ebay started to lose its position, since when amazon has become big enough


Title: Re: eBay official splits from Paypal
Post by: FullLife on July 18, 2015, 04:42:08 PM
Wasn't there a rumor going around last year about ebay creating their own currency instead of adopting bitcoin?  I wonder which would be more likely?


Title: Re: eBay official splits from Paypal
Post by: tyz on July 18, 2015, 05:09:41 PM
http://tech.firstpost.com/news-analysis/gaining-currency-now-ebay-plans-own-e-money-216198.html

Good point. This would be another option for ebay.

Wasn't there a rumor going around last year about ebay creating their own currency instead of adopting bitcoin?  I wonder which would be more likely?


Title: Re: eBay official splits from Paypal
Post by: Snorek on July 18, 2015, 06:43:29 PM
Wasn't there a rumor going around last year about ebay creating their own currency instead of adopting bitcoin?  I wonder which would be more likely?
It seems highly unlikely that ebay would do something like that. It would be admitting that they want to have total control over theirs monetary transactions and do not trust Bitcoin.
They would be criticized by everyone... More likely scenario will be ebay partnership with some company which create some new coin, maybe PayPal or Visa.


Title: Re: eBay official splits from Paypal
Post by: adzino on July 18, 2015, 07:03:11 PM
Ebay and Paypal can split to the size of an atom, and the truth doesn't change. Both are run by scammers, and they both aid and abet scamming. Having politicians and the media "on your side" doesn't hurt. Cha-ching. Business as usual in America.


Title: Re: eBay official splits from Paypal
Post by: Gyfts on July 18, 2015, 10:32:38 PM
eBay has some major problems with fraud. I think accepting Bitcoin would be hugely beneficial to them and considering they're no longer with PayPal, nothing is holding them back. The only thing I see being an issue is refunds. Getting refunds in Bitcoin could be difficult when eBay would probably have a 3rd party doing the exchanges.


Title: Re: eBay official splits from Paypal
Post by: CEG5952 on July 18, 2015, 10:45:33 PM
eBay has some major problems with fraud. I think accepting Bitcoin would be hugely beneficial to them and considering they're no longer with PayPal, nothing is holding them back. The only thing I see being an issue is refunds. Getting refunds in Bitcoin could be difficult when eBay would probably have a 3rd party doing the exchanges.

The refunds issue is the thing that keeps holding them back. The entire bitcoin system just doesn't suit on how sellers and buyers are used to just like with paypal. If bitcoin would be accepted on ebay, it would be a scammer's den.


Title: Re: eBay official splits from Paypal
Post by: JWMutant on July 18, 2015, 10:53:54 PM
Well I guess this is the price you pay for not being innovative. Ebay has been using the same structure for near on 20 years now when they should have been investing in the long term viability. Now they are left sitting in the corner of the room with there thumb up there arse while the rest of the world moves on.


Title: Re: eBay official splits from Paypal
Post by: Amph on July 19, 2015, 07:54:06 AM
http://tech.firstpost.com/news-analysis/gaining-currency-now-ebay-plans-own-e-money-216198.html

Good point. This would be another option for ebay.

Wasn't there a rumor going around last year about ebay creating their own currency instead of adopting bitcoin?  I wonder which would be more likely?

i believe they disgregard this option, look at the date january 2014..., they understood that making a copy of bitcoin but centralized(there is no other way they can create a clone of bitcoin) will not bring any benefit and it will look like another fiat payments added to the table


Title: Re: eBay official splits from Paypal
Post by: tyz on July 19, 2015, 08:14:55 AM
Ebay and Bitcoin  ;D I just found this.
https://99bitcoins.com/ebay-pulls-merchant-listing-for-accepting-bitcoin/


Title: Re: eBay official splits from Paypal
Post by: Kprawn on July 19, 2015, 01:23:14 PM
Yes, I found this article --> http://cointelegraph.com/news/114875/ebay-forbids-bitcoin-for-payments-removes-merchant-listing

I would not get my hopes up, that they would accept Bitcoin as a payment method.

They have their own agenda, and I would not be surprised if they go for something like Ripple or their own Alt coin developed just for them.

OpenBazaar needs to grow bigger to kick these guys out of the market, they have had the rule of the roost for too long now.  ::)


Title: Re: eBay official splits from Paypal
Post by: tyz on July 25, 2015, 07:08:27 PM
Ebay and Paypal signed a contract that Ebay has to use Paypal as first payment option for at least another year after the split. Thus, after that year Bitcoin could be a serious option.


Title: Re: eBay official splits from Paypal
Post by: Borisz on July 25, 2015, 07:40:47 PM
Ebay and Paypal signed a contract that Ebay has to use Paypal as first payment option for at least another year after the split. Thus, after that year Bitcoin could be a serious option.

They would need something that is publicly accepted, understood and easily available. Unless some major changes will happen in the following year in the perception of Bitcoin I would doubt that it would be considered as a "first payment option". Maybe accepted among other things yes, but credit card payments, continuing with PayPal or something along these lines is more likely.


Title: Re: eBay official splits from Paypal
Post by: alva5763 on July 26, 2015, 06:17:25 PM
I think Ebay lost many sellers with their pursuit of the shop style seller rather than the small guy who helped build Ebay as an auction rather than the buy-it-now system they prefer.


Title: Re: eBay official splits from Paypal
Post by: neonshium on September 17, 2015, 02:52:07 PM
In my opinion, bitcoin will replace paypal very soon. Actually Paypal has so much restrictions on many countries. all these might push bitcoin to take over very soon.


Title: Re: eBay official splits from Paypal
Post by: BlackPanda on September 17, 2015, 03:00:52 PM
still quite possible. because bitcoin will continue to spread to markets and eksvansi several large companies to use them


Title: Re: eBay official splits from Paypal
Post by: HeroCat on September 18, 2015, 02:16:58 PM
Yes, exactly, it is Ebay chance to do many things with Bitcoins  ;) Hope they will understand  ;D


Title: Re: eBay official splits from Paypal
Post by: FullLife on September 19, 2015, 08:22:10 PM
I'm definitely pulling hard for eBay to accept BTC.