PayPal joins Samsung in ad fail

Wow. Haha. Sounds like Apple's recent roll outs are keeping some CEOs up at night.

This seems desperate and makes me want to support apple pay.

frick paypal and ebay. That place is basically organized crime.

From your first link:

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But Hottovy thinks that investors may be overreacting to the Apple Pay news. He predicts that Apple Pay will help validate the idea of mobile payments in general. There's also the fact that Apple is launching Apple Pay only in the U.S. for now. So there are still opportunities for Pay Pal.

"The acceleration in mobile payments helps PayPal," he said. "PayPal also has global reach and has been adopted by many small businesses."

Hottovy added that PayPal could still eventually get integrated into Apple Pay. He suggested it could mesh well with Apple's Passport app, which stores information on gift cards, coupons and tickets.

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I tend to agree with this guy and fail to see what Wall Street and paypal are so freaked about. Pay pal can still make money. They may have to re-evaluate their craptastic fee structure but this isn't an existential threat...not yet at least.

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Pretty sure most Wall Street analysts disagree otherwise the stocks wouldn't have taken such hit.

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Pretty sure analysts don't have crystal balls. Most analysts were predicting slowed economic growth and a market correction in January and looky here...it's September and the market is still making new 52 week highs.

They might be smarter than you and I but they can be wrong too.

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As for overseas that's probably just a matter of time. Though Europe itself may be a tough nut to crack as they have a pretty well entrenched system already in place.

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That's the other thing...there are already mobile payment systems out there. PayPal still exists. I personally believe Apple will push this into the mainstream, but I still don't understand why they wouldn't continue to exist.

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ETA: Not to mention of course the OP's original point. Obviously PayPAl itself is worried by this smacks of desperation ad campaign.

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They're clearly worried. But if they can't figure out how to coexist with Apple pay then they're idiots and deserve to go out of business.

Why can't they partner with Apple the same way Visa and Master Card are doing? Why can't they boost advertising for their prepaid card with the spin that, "you can use it in Apple Pay"?

That's two off the top of my head, and I'm a nobody. These guys get paid a shite ton to generate ideas similar to (better than?) this. If they can't, like I said, they deserve to fail.

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Why is any ad attacking Apple desperate and shocking?

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I was saying that PayPal was in shock, but yeah, the ad is pretty shocking.

1. It came out practically the next day. It's a knee-jerk reaction.

2. It's dishonest in linking The Fappening to Apple Pay, because the latter doesn't involve iCloud at all but instead combines Touch ID with secure features of the A8 chip, stuff PayPal doesn't have, and the major banks are all on board because it's more secure than cards.

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Were y'all saying the same thing when Apple was running the Mac vs PC ads nonstop?

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While that ad campaign never made me think about switching to Macs, at least it was funny. It was also different in that it wasn't the established 800 lb gorilla trying to scare people from using a new service that hasn't even started yet.

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Why do you say that? Any particular reason you feel that way?

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Greedy. And I'll lump eBay into that as well, since they are one and the same. Not just "typical-greedy-corporation" level, either. EBay and PayPal basically strong-armed sellers to accept PayPal by preaching constantly to buyers that everything but paypal is unsafe. So, maintaining what is essentially a monopoly on payment processing on eBay, you get the gang-raping effect as mentioned above. EBay charges you 10% of your selling price, and then PayPal comes right behind them to take another 2.9%, as if you realistically had a choice in which payment processor you use. It is its own ecosystem of commerce that succeeds only because eBay's success forces it to.

Paypal acts like a bank without needing to follow the same rules. Their TOS gives them a lot more freedom to decide what should happen to your money in the event of a dispute, or if they just decide they don't like what you're selling, or they get a funny feeling. Their seller protection barely exists, especially if the buyer used a credit card, as most often do so they can dispute a charge in the event of a scam. Unfortunately, that same safety net of disputing a charge is abused by some. If a buyer disputes a charge with cc company, paypal takes the money from the seller regardless of return policy/claims process. I suppose it's similar for most merchant account services, except paypal is one of the few that tries to play the role of a bank, escrow service, and merchant account all in one. If a buyer decides your item isn't as described, there is no due diligence on PayPal's side to investigate any further than ignoring a seller's return policy. The buyer need only send the item back; by that, I mean the buyer only needs to provide a tracking number. What's actually in the box isn't important. If I sent a box of rocks to the buyer instead of the item, instant refund and likely a hold on my account. If the buyer returns a box of rocks to me instead of the item, instant refund and likely a hold on my account. Don't have the money to refund the buyer? That's OK. If you have a bank account on file, PayPal will take it from there.

It's this sort of overzealous buyer protection that turned PayPal into nearly a monopoly on eBay -- because what buyer wouldn't want such a large safety net when navigating the scary world of e-commerce? If you're a buyer, you love PayPal. If you're a seller, you put up with the fees and have no further complaints... until something happens.

Even though this is mostly an Apple White Knight thread, I do hope something gains enough traction so that PayPal is at least desperate enough to reform to keep whatever business they have outside of eBay sales. Nothing will touch the eBay/PayPal symbiosis, though, because if a superior and more convenient payment method arises, eBay will just buy it or ban it. Y'all think this recent ad campaign is desperate and pathetic, but it's probably going to be effective, since as Spock said, they are indeed the 800lb fear-mongering gorilla.

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Paypal acts like a bank without needing to follow the same rules.

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did you follow my thread about trying to get back $5 i was scammed out of by someone who claimed they could unlock an iphone?

they never refunded my $5 but i at least made them pay in probably 20 wasted manhours on the phones with their reps.

it was the principle but beware.

had i just used VISA they wouldn't have blinked an eye at refunding that $5 to me.

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'm guessing because it was an online service and not connected to any tracking numbers and whatnot

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yup.

they don't protect digital goods at all so lord help you if you pay for ..a song or a movie or a epub or an app or any type of subscription code or service...

yep, paypal has positioned itself strongly for the eCommerce of the 21st century.

those are certainly 'fringe' items.