Can PayPal Beat Apple, Google, Amazon And Icahn In The Wallet Wars
There are 1 comment on the I4U Future Technology News story from Feb 12, 2014, titled Can PayPal Beat Apple, Google, Amazon And Icahn In The Wallet Wars. In it, I4U Future Technology News reports that:
PayPal is in the center of two battles: one for control of every transaction on the planet, the other for control of its own destiny.
Join the discussion below, or Read more at I4U Future Technology News.
Since: Nov 13
#1 Feb 18, 2014
MasterCard's "MasterPass" and Visa's "V.me" will ultimately bury all these middlemen payments pretenders ...
Regardless, notwithstanding that I have hereto before been a constant vociferous critic of eBay’s chief headless turkey, Johnny Ho, this time I have to concur with him that eBay should never let go of “PreyPal”. As great a fool as he is, Johnny Ho knows that without its existing integrated relationship with the eBay marketplace, the value of the clunky “PreyPal”, as a stand-alone, would be reduced catastrophically (eBay actually generates ~30% of PayPal new users with no customer acquisition costs for PayPal and half of PayPal's profits come from transactions on eBay where “PreyPal” is well integrated); and, worse still, without “PreyPal”, the value of the eBay marketplace would be reduced by some 40%(“PreyPal” currently contributes ~42% of eBay’s profits)…
I hate to admit it, but for once Johnny Ho has got it right; Carl Icahn does not know what he is talking about and clearly has no understanding of the value of the inextricable and mutually supporting nature of the incestuous relationship between these two clunky, disingenuous, unscrupulous, commercial entities …
Regardless, none of the above can outweigh the fact that Johnny Ho is otherwise a talentless, destructive, narcissistic sociopath and that under his direction eBay Inc. is ultimately going to finish up at the sewage farm …
The fact is, notwithstanding the amount of disingenuous noise that constantly emanates from the eBay Dept of Spin,“PreyPal” has little more than one percent (~1.1%) of the world’s total payments business (and much of that is funded via MasterCard/Visa); the “bankcards”, MasterCard and Visa, have ~90% thereof between them and Amex has another ~8%, and MasterCard and Visa have recently launched their own professional mobile/plastic POS/online digital wallets—The clunky PreyPal’s “best before” date is approaching …
The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scams in Action: video ... http://bit.ly/1d46NvE
eBay/Gumtree / Barclays Bank Motors Scams … http://bit.ly/1c9Uwck
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA
On Facebook ... https://www.facebook.com/groups/formerebaysel...
eBay / PayPal / Donahoe: Dead Men Walking ...
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