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PAYPAL

The Wire

A growing PayPal could soon overshadow parent eBay

Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will likely be PayPal, the online payments service that has been growing steadily even as the economy has stumbled.

PayPal outage frustrates merchants, consumers

PayPal suffered periodic breakdowns that crimped Internet sales for more than four hours Monday.

PayPal: Fill-up wasn't $81 billion

A commuter in Richland, Wash., who thought he was overcharged — by $81 billion — for a tank of gas instead may have been confused by an e-mail about the transaction, his debit card company suggests.

EBay to strengthen PayPal's anti-fraud provisions

EBay Inc. hopes to attract more online traders by expanding the protections available to people who use its PayPal payment service for transactions on eBay's Internet marketplaces.

Regulator signals no deal on eBay plan

EBay said Friday it will postpone plans to make its PayPal system the only way to pay for deals on its auction site in Australia after the antitrust regulator said it would reduce competition.

EBay Plans Payments Using Cell Phones

Paypal, the online payment service owned by eBay Inc., has begun testing a new offering to allow people to make and receive payments using cell phones and other mobile devices.

The Vine
Man banished from PayPal for showing how to hack PayPal
Source: The Register (UK)

PayPal suspended the account of a white-hat hacker on Tuesday, a day after someone used his research into website authentication to publish a counterfeit certificate for the online payment processor.

Paypal 'Clarifies' New Fees
Source: PC World

Hearing the anger over new fees introduced months ago with minimal notification, Paypal is now looking to set the record straight.

Paypal adds new fees with no notice
Source: gadgetell.com

Last month Paypal quietly began charging new fees to its customers who have personal accounts without actually notifying them of the change.

PayPal goes offline again
Source: The Register (UK)

PayPal suffered another embarrassing outage last night, and was unavailable for about four hours from 6.30pm UK time - one of the busiest times on eBay.

Mozilla gives add-on developers a tip jar
Source: CNET.com

Mozilla has introduced a new pilot program for Firefox developers to make a little money off add-ons they've created. Developers now have the option to place a "contribution" button on their add-on page, which lets users donate any amount they wish via PayPal.

Common Sense

Where is it?! I was on PayPal, considering getting a debit card for my account since the only reason I created an account of PayPal was for my newsvine earnings.

PayPal UK titsup
Source: The Register (UK)

PayPal UK is currently down. Although the front page seems to be working, anyone logging in is met with a server error message.

Peter Thiel, Co-Founder of PayPal - Israel is Truly the Country of the Future
Source: adelsoninstitute.org.il

There is an incredible gap between Israel's reality and its potential, says Peter Thiel, Co-Founder of PayPal and President of Clarium Capital Management. People talk about China, India and Brazil as emerging market countries, says Thiel, while Israel is underrated.

Paypal Charges $81 Billion To Fill Your Gas Tank... Demands Proof It Didn't Cost That Much
Source: Techdirt

Gas prices have gone down quite a bit since highs last summer, but it still shouldn't take long for anyone to realize that charging someone $81.4 billion (with a b) to fill your gas tank is a mistake.

Driver Fills up Gas Tank, Receives Bill For $81 Billion from Paypal
Source: consumerenergyreport.com

When Juan Zamora stopped to refuel his car at a Conoco service station in Richland, the gas pump's calculator registered a total fee of $26.

Octuplets' Mom Launches Website for Donations
Source: ktla.com

The Southern California mother of octuplets and six other children, who claims she is "not living off taxpayer money," is now asking for public donations.

eBay Australia to cull 18 jobs
Source: Australian News Network

INTERNET auctioneer eBay, which announced overnight that it was cutting 1,600 staff around the globe, says 18 of those jobs would be axed in Australia.

PayPal to refund more EBS victims
Source: Australian News Network

EBAY subsidiary PayPal has moved to reimburse more customers who were left empty-handed following the collapse of EBS International, one of the largest traders on the online auction site.

Auction house eBay axes 1,000 jobs
Source: Guardian Unlimited

Online auction house eBay is axing 1,000 jobs or 10% of its global workforce as it looks to save $150m (£85m) a year in the face of slowing sales, in the latest evidence that gloom in the world economy is starting to impact major dotcom companies.

PayPal to refund shoppers defrauded on eBay
Source: The Times

PayPal, the payment service used by 20 million online shoppers in Britain, has given in to consumer demands to offer full refunds to buyers defrauded on eBay.

PayPal repays victim
Source: Australian News Network

A PAYPAL member and victim of fraud on eBay who had been seeking compensation received a refund days before an expose of the companies' operations by the ABC's 7.30 Report was scheduled to air.

PayPal Growth Has Gone from eBay to Airline Tix to -- What Next?? (with poll)

About ten years ago, some guys at Stanford figured out a way to use their PDAs to split their lunch tabs. This shortcut later became known as PayPal, now at the top of the heap in the online payments business.

RBA to review PayPal, eBay link
Source: Australian News Network

THE Reserve Bank has summoned top executives from online auction house eBay Australia and its subsidiary, PayPal, to review their alleged anti-competitive behaviour, in a meeting to be held next month.

PayPal users lose their money
Source: Australian News Network

PAYPAL Australia has been accused of reneging on a public commitment to repay all customers affected by the collapse of a major eBay seller.

PayPal silent on eBay refunds dispute
Source: Australian News Network

ALL customers caught out by the collapse of a major eBay seller have been refunded, PayPal claims, but in an about turn the eBay-owned company has chosen not to comment on details, refusing to say how many people were reimbursed.

Reserve Bank tackles PayPal
Source: zdnet.com.au

The Reserve Bank of Australia (RBA) today said it would shortly hold meetings with eBay subsidiary PayPal over the online auction giant's attempt to force sellers to offer PayPal as a payment option.

How Amazon is beating up eBay
Source: MSN

Since the dawn of Internet shopping, bargain hunters have reveled in the thrill of the hunt for deals at eBay (EBAY, news, msgs), the online equivalent of an auction house.

PayPal taking the side of Fraudsters?
Source:

PayPal refuses to return funds that was stolen through ID-theft. Imagine how you would feel if you lost your PayPal funds, and they decline to return it to you.

PayPal Eager to Get Into Point-of-Sale Transactions

PayPal is well-know to anyone who has ever bought anything on eBay or at other online vendors, but now the company is eager to take on other merchant processor services. It denies having designs on this vast market, but industry observers are skeptical. But you be the judge.

Paymate files eBay complaint with ACCC
Source: Australian News Network

INTERNET-based payment service Paymate, a PayPal rival, has lodged a complaint with the competition regulator alleging that eBay has breached the Trade Practices Act.

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