tekgems on January 24th, 2012

I think PayPal has most potential to eat the bank’s lunch. Their in-store POS means a buyer can pay via PayPal balance. They just need to offer a 2% discount on purchases and you will see adoption rates increase exponentially. Banks have not done enough to innovate and I think it is too late. PayPal […]

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tekgems on January 14th, 2012

Unlike Google NFC, PayPal is creating a different payment network that merchants can work off of. This creates competition and a non-reliance on the traditional payment network. We’ve seen companies like Dwolla introduce simple bank to bank transfers for customers using the registered e-mail or phone number. In the same way, these terminals are acting […]

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tekgems on January 4th, 2011

PayPal offers support for Micropayments to merchants for US to US, GB to GB, AU to AU, and EU to EU transactions for Business and Premier accounts. This feature is offered at a special rate of 5% + $0.05 per transaction.Merchants who wish to use PayPal’s micropayments pricing need to open a new PayPal account […]

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tekgems on November 5th, 2010

For what its worth (FWIW), we stopped accepting credit cards on eBay. Too much fraud and no tools to mitigate risk. We just accept Paypal now which is what eBay wants anyway. Once eBay starts accepting AuthorizeNet (I hear sometime in 2011 time with the possible roll-out of their shopping cart), we will re-evaluate whether […]

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tekgems on October 29th, 2010

At a press conference after the keynote, I asked PayPal’s president Scott Thompson where eBay was in all of this. via eBay Plays Diminishing Role in PayPal’s Future. eBay has to play a diminishing role. eBay had giant liability for years for having a closed system with Paypal only. Credit cards are accepted online, but […]

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tekgems on October 4th, 2010

eBay changed your login screen today to promote eBay Buyer Protection. This is just in time for the holidays. I am sure it will provide a lift to sales and confidence. The bigger question though is will it bring back former users of eBay and Paypal back to the site to shop. Every time there […]

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If you want to pick up a new app on an Android-based smartphone, you have one option with which to pay for your new purchase: Google Checkout. At least, for now—sources indicate that Google is chatting with eBay’s PayPal business to bring the latter as a secondary option for smartphone-based payments. via Google Pondering PayPal-Based […]

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Last week, the electronic payments company announced a new service for developers that will let software-writers accept credit card payments using PayPal without requiring buyers to have a PayPal account. via PayPal to take your credit card, no account needed | The Download Blog – As long as Paypal will cover the chargebacks, I […]

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tekgems on January 10th, 2007

>Something for you security geeks. Since Paypal purchased Verisign a while back, it makes sense for them to use security hardware to virtually eliminate phishing. This goes hand-in-hand with the Virtual Debit Card feature they released as beta a week or two ago. The official Paypal link is here: Generates a unique six-digit security code […]

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tekgems on December 26th, 2006

>This is a Windows (setup.exe) application that you install. The program generates a one-time use throw away MasterCard number. The functionality is similar to MBNA’s ShopSafe feature. I believe this is only available to USA customers at this time. If you are an eBay seller with the 1.0% to 1.5% cash back feature with current […]

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