Paypal’s mobile payments reached $4B in 2011

Last Updated on Thursday, 12 January 2012 09:05 Written by External Post Thursday, 12 January 2012 09:05

Consumer Reports Investigates Penny Auctions

Last Updated on Friday, 28 October 2011 03:20 Written by a2e Friday, 28 October 2011 03:20

The discounts offered on online penny-auction sites might be tempting, but Consumer Reports said an investigation of online penny-auction sites revealed that most users end up spending a lot of cash only to end up empty handed.

On sites like Bidcactus, Bid Rivals, HappyBidDay and QuiBids, which sell items such as an $1,800 high-definition television for $73, "actually winning a big-ticket item for pennies on the dollar from one of these sites can take an extraordinary amount of effort and is hardly a given."

Unlike traditional auctions, bidding isn’t free. Consumer Reports explains, you must buy bids up front – typically for 50 cents to $1 each. To get bids, you register a credit or debit card or use PayPal. Bids are sold in packs, with the minimum pack costing around $25 to $60, depending on the site. Unused bids are refundable on some sites though sometimes within only 30 days of when you buy them. One key difference between traditional and penny auctions is that any bids you make are gone, whether or not you win.



http://www.auctionbytes.com/cab/abn/y11/m10/i17/s05
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Frozen Account Further Sours PayPal’s Terrible Reputation

Last Updated on Friday, 28 October 2011 03:20 Written by a2e Friday, 28 October 2011 03:20

For the third time in about a year, PayPal has frozen the account of an independent developer for six months, presumably because preorder activity triggered red flags. PayPal rarely says why in this case, even to the account holder, leaving its actions to appear arbitrary and bureaucratic, if not portrayed as mean-spirited.

Minecraft had $750,000 frozen last September; the makers of Project Zomboid had their account locked in May, requiring a clever work-around to get the game to customers. Now Xenonauts, the X-Com remake, has had funds frozen for 180 days.



http://kotaku.com/5848062/frozen-account-further-sours-paypals-terrible-reputation-with-indie-devs
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PayPal revenue boosts EBay’s third quarter profits

Last Updated on Thursday, 21 October 2010 12:21 Written by External Post Thursday, 21 October 2010 12:21

EBay has reported its third-quarter profit climbed 23% to $432m (£275m) compared with the same period a year ago, mainly due to its growing PayPal division. Revenue rose 1% to $2.25bn ahead of analysts’ expectations of only $2.18bn, helped by the sale
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Google could use Paypal for Android payments

Last Updated on Monday, 16 August 2010 07:00 Written by External Post Monday, 16 August 2010 07:00

Google is reported to be in talks with Paypal about integrating the eBay-owned payment service with the search giant’s Android smartphone software. Google is expected to incorporate Paypal into Android to make Android phone applications easier to
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PayPal Mulls Expanded Seller Protection for a Price

Last Updated on Wednesday, 4 August 2010 12:40 Written by a2e Wednesday, 4 August 2010 12:40

PayPal is conducting a survey to determine how much sellers would be willing to pay for a new seller protection program. PayPal exposed survey respondents to five variations of the program and asked a series of questions after each.

One plan offered expanded seller protection, covering chargebacks and Item Not Received claims, and might cost sellers between .5% – 2% of the transaction value.

Another plan would give sellers credits every time one of their customers used PayPal that the seller could use towards reversing chargebacks or claims with no documentation. Another plan would allow sellers to choose which transaction to cover.

A fourth plan would offer Shipping Protection when using a PayPal Shipping Partner website to ship an item, while a fifth plan would offer Fraud Protection.

The five plans as outlined in the survey follow below:



more.. link to news article
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PayPal Raises Merchant Fees for Refunds and Chargebacks

Last Updated on Saturday, 12 June 2010 03:20 Written by a2e Saturday, 12 June 2010 03:20

Online merchants will pay more in fees to PayPal beginning in August thanks to changes the company is announcing today. Beginning August 10, when a U.S. or Canadian seller issues a refund, PayPal will retain the 30-cent transaction fee it charges, a move sure to be highly controversial.

http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/comments/2010/6/1276268535.html
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Payment Processing With Trialpay

Last Updated on Monday, 7 November 2011 06:06 Written by a2e Monday, 7 June 2010 04:26

Trialpay

We’ve been using Trailpay on a few sites now for over a year and it’s a very impressive. From the outset we confess neither of our site are the type of site that will take full advantage of what Trial pay has to offer. They are low traffic sites in unique markets.

eBay Germany faces PayPal probe

Last Updated on Friday, 26 February 2010 07:00 Written by External Post Friday, 26 February 2010 07:00

eBay Germany is being investigated by competition authorities concerned that its tying of PayPal to certain eBay purchases is in breach of consumer law. eBay.de recently asked sellers with low feedback points to offer PayPal. The company justified the
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PayPal to feed Facebook ads, virtual goods

Last Updated on Thursday, 18 February 2010 10:45 Written by External Post Thursday, 18 February 2010 10:45

Facebook and PayPal have announced a partnership that will see the mega-social-networking site process both advertising and virtual goods payments through eBay’s ever-expanding currency swap platform. According to the two companies, PayPal will ‘soon’ be
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