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re: PayPal joins Samsung in ad fail

Posted on 9/16/14 at 8:24 am to
Posted by TigerGman
Center of the Universe
Member since Sep 2006
11351 posts
Posted on 9/16/14 at 8:24 am to
quote:

Not sure why PayPal would feel this threatened by Apple Pay...don't they make the bulk of their revenue with eBay by gang-raping sellers?



Wall Street is so worried about it Ebay And PayPal took a 6% hit...Here: LINK
And Here:
LINK
This post was edited on 9/16/14 at 8:30 am
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 9/16/14 at 10:26 am to
From your first link:

quote:

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.


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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