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Friday October 21, 2005 2:28 pm
eBay Now Only Allows Paypal Payment Service
Okay, so we all know that Google is set to unleash their online payment system, probably called Google Wallet, any time now. Coincidentally, eBay has just updated their “Safe Payments Policy,” which includes the following statement:
Not permitted on eBay.com: Sellers may not solicit buyers to mail cash. Sellers may not ask buyers to send cash through instant cash transfer services (non-bank, point-to-point cash transfers) such as Western Union or Moneygram. Finally, sellers may not request payment through online payment methods not specifically permitted in this policy.
Basically, they are saying that if you are a seller, you can ask for check, money order, or Paypal payment (including credit cards) - you can not ask your buyer to pay you through Google Wallet when it launches. Odd - my experience with Paypal, along with horror stories from others, lead me to believe that if you were creating a “safe payments” plan you would stay the hell away from Paypal. What’s that? Oh, yeah - eBay owns Paypal. I get it now.
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Comments:
Man, this is a load of crap. Paypal is quite a ripoff. They should straighten up, or Google will probably launch an auction site, also. I’m no fan of google owning the world, but whatever Google comes up with will probably be better, anyway.
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F them. I’ll use what is cheaper…
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Never had a problem with paypal. Always free and always accurate. The only thing that bothered me was when you send a payment and it goes to the wrong email, you’ve just lost that amount if someone cashes it.
There’s always bidpay.
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Always free, albundyhere? They charge you a percentage just to move money around on their own damn servers. I sent about 200 bucks to my fiancee’s account so we could get one check from them instead of two, and it cost us 4 percent! I can understand charging at cash-out and pay-in, but this crap is ridiculous.
Plus, Paypal has a pretty big piece of the pie right now, which enables them to get away with crap like this: http://www.wired.com/news/hurricane/0,2904,68788,00.html?tw=rss.TOP
Since it’ll be a good ten years before the government regulates this kind of thing, it’d probably be a lot faster to ensure that competition exists, thereby giving the companies a good reason to police themselves.
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Why? Pay pal is a rip off and if google happens to launch an auction site they are screwd. Google wallet is probally going to blow paypal out of the water. Google never leaves anything half done.
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Regardless of Paypal’s merits, eBay restricting it’s users to ANY single form of payment is really rediculous.
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