eBay official splits from Paypal

[neurotypical]

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.

[Amph]

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/

[Greendragon]

bullish

[tyz]

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.

[ahmedjamal1998]

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

[randy8777]

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.

[Acidyo]

Papal also just bought out ZOOM for $890M - They have their own agenda.

[yayayo]

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!

[tyz]

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.

[AtheistAKASaneBrain]

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.

[Amph]

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

[tyz]

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

[FullLife]

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?

[tyz]

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?

[Snorek]

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.

[adzino]

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.

[Gyfts]

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.

[CEG5952]

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.

[JWMutant]

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.

[Amph]

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