Does Ebay Still Have It's Sticky Fingers In Paypal Or Is It "Stripe Online Payments"?

Does Ebay Still Have It's Sticky Fingers In Paypal Or Is It "Stripe Online Payments"?

Even though some are saying Paypal is no longer owned by Ebay I have my doubts and believe Ebay will always have its sticky fingers in the profits of Paypal and
the CEO still pulls the strings of Paypal. I do know Ebay and Paypal only separated because of the up and coming payment site "Stripe". Stripe has picked up so many websites as clients Ebay is shaking. Ecrater, Go Daddy are just examples of large websites served by "Stripe". Also "Pinterest" is suppose to be installing a selling venue and is going to use "Stripe" as its payment service.

eBay Gives the Ax To The Use Of Payment Web Sites That Rival Paypal

By Ina Steiner EcommerceBytes.com
August 28, 2015

 eBay is now banning sellers from offering PayPal rivals ProPay and Skrill as payment methods on its marketplace. The move comes the same day PayPal raised fees for merchants processing over $3,000/month in payments - a 32% increase for higher volume sellers.

The moves come as sellers await word about changes to be rolled out as part of the Fall Seller Release. Incoming CEO Devin Wenig, who took over from John Donahoe in July, promised to refocus on the core market, and sellers were hopeful there would be positive news included in any changes he planned to introduce.

A reader forwarded a letter she received from eBay on Thursday informing sellers it would no longer support the two PayPal competitors. "I stopped taking PayPal on my listings a while ago," she wrote, "and only offer Propay. No warning from eBay and no word of replacement services? Are we in effect forced to use PayPal only now?"

eBay is contractually bound to maintain the majority of its GMV to be processed through PayPal as part of its 5-year operating agreement it entered into at the time of the breakup in July. eBay must ensure that 80% of GMV is paid via PayPal, otherwise it will have to pay PayPal "restitution." And eBay has an incentive to get shoppers to increase their use of PayPal on its site - if the percentage of GMV paid via PayPal goes above 80%, eBay will earn a bonus from PayPal.

Article by EcommerceBytes