PayPal Has Been Talking With Amazon on Payments, CEO Says (bloomberg.com) 98
A new feature could be coming to your Amazon checkout process. It's called PayPal. Amazon and PayPal are in talks about the possibility of the online retail giant supporting PayPal payments at checkout, PayPal CEO Dan Schulman said in an interview. While Schulman didn't say when -- or even if -- a deal might happen between the companies, he did tell Bloomberg that the companies are trying to determine how they can "use one another's assets to the mutual benefit" of their customers. From the report:"We're closing in on 200 million users on our platform right now. At that scale, it's hard for any retailer to think about not accepting PayPal," Schulman said.
Re: more leeches in the middle (Score:2)
Arguably this means fewer leaches. Paypal is used to accept payments. If the vendors don't have to deposit payments into their bank before making purchases from Amazon, it's a win.
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Arguably this means fewer leaches. Paypal is used to accept payments. If the vendors don't have to deposit payments into their bank before making purchases from Amazon, it's a win.
How can you respond to a comment titled "more leeches in the middle" and still misspell it "leaches" in your own?
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Totally worthwhile, because it means more corporations know your personal information, credit history and what specific items you purchase. There is no downside.
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Yes they do. They get partially refunded to consumers when they use credit card reward programs.
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yep, because it was "paypal or amazon payments". But amazon payments are free for amazon. I guess.
If you process less than $300/month (Score:3)
If you process less than $300/month, Paypal probably makes sense. You don't want to pay $35/month plus a percentage for a merchant account at that level.
If you process $3,000 / month, a merchant account makes sense.
If you're Amazon and you do $8 billion / month, you negotiate. Normal published fees don't apply. Buying a merchant bank might make sense.
Square fits in their somewhere, as does CCBill. It all depends on what you do and how much you do.
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Personally I wouldn't use PayPal with Amazon if they offered it. It creates an extra step between you and the vendor, which screws up your consumer rights of the is a problem.
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Have they suddenly become subject to banking regulations like all other money transfer services?
Do they still freeze seller accounts on a whim? (When will Josef Prusa be able to access the $1MM PayPal froze on him?)
PayPal are assholes. Don't support them.
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$1MM is a million dollars. He engineers 3D printers [prusa3d.com], notably the Prusa i3.
Why would anyone want to do this? (Score:2)
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Hey dumbass, it's PayPal, Two capital Ps, one l at the end.
another middleman that provides no protection (Score:1)
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I think the word you are looking for there is LOSE, not LOOSE....
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But this one gets me wrong, and especially on this example, the person repeated it, and therefore shows a lack of basic English.
Sorry the lose/loose one is just a pet peeve of mine.
why should the reseller accept paypal? (Score:2)
amazon should mediate between the reseller and the customer. Why should it be the resellers risk, what payment methods the marketplace offers?
Not Hard At All (Score:1)
"We're closing in on 200 million users on our platform right now. At that scale, it's hard for any retailer to think about not accepting PayPal," Schulman said.
Actually, it's quite easy to think about not accepting PayPal, once you realize that the number of people who use PayPal exclusively are likely a fraction of a fraction of a percent of that 200 million. Or put another way, how many of those 200 million are thinking "gee, if only Amazon accepted PayPal, then I'd shop there".
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Discount tires by mail, maybe not so much.
Re: That would be nice (Score:2)
Not sure where you are located, but some parts of the world allow you to get a credit card linked to your chequing account.
Here in Canada, with my local Credit Union, I have what is called a Global Payment MasterCard. I make purchases with it, and it immediately debits from my chequing account. I don't go into debt just from having to buy something with a credit card. It even has an optional Rewards Program that I earn 1 point for every dollar spent, that I can cash in for various things (flights, products,
Surprised Amazon isn't starting their own currency (Score:3)
...and competing with PayPal and possibly some smaller countries' national currencies.
There isn't much they don't sell so if you decided to accept Amazonians instead of Dollars for something, it's almost like it's not even a barter, but an actual usable currency.
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What does it mean to compete with smaller countries' national currencies? How would they do that? Would that mean when I buy from my local South African store something here I would use Amazon Dollars? Really?
That's exactly what it means, people start using Amazon dollars instead of [small country money].
And the people and govt here would allow it? And why would it want to do it?
Because the government barely can manage a currency, don't move quickly enough to outlaw it, or just don't care. Why would you want to do it? Because you can put Amazon money in a bank and not worry about 20% inflation the next year. Things like that.
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And yet Trump HAS flip-flopped - a LOT - in his first week. The CIA are lying - the CIA are great. We'll build a wall and the Mexicans will pay for it - We'll build and pay for a wall, and get the money back from the Mexicans (somehow or other). Hillary Clinton is a crook - Standing ovation for Hillary Clinton. We're going to kick out all illegals - We're going to kick out all illegals who are criminals (far from the same thing). The ACA needs to go - Some parts of the ACA probably need to be preserved. An
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So he banned refugees from 7 Muslim countries, and that is supposed to raise alarms, when various European and Asian countries have done far worse? Japan rejects more than 99% of all refugee applicants [aljazeera.com], and nobody is getting their panties in a knot except the UN, and Japan told them to go suck an egg.
The numbers for 2015: Out of 7,586 refugee applicants from all over the world (not just the Middle East), they accepted 27. That's one out of every 280. The prime minister has told the UN that henceforth he wi
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So what if Trump is acting like a bully? He's only doing openly what past presidents have done, perhaps with a bit less tact. Bullies lie. Clinton, with her "public vs private stance" was also a bully - look at her war hawk stance that has led to how many deaths in the middle east because of her screw ups?
The people who fall for bluster are the ones who are responsible for their own stupidity. Nothing anyone else can say or do will change that - and believing otherwise is equally stupid.
The sky is not fal
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You can't convince someone who has an irrational belief by using common sense. It's just a waste of time. Applies both to the Clinton and Trump camps, who seem more fixated on destroying each other than in trying to do anything constructive. They will have to convince themselves - from the school of hard knocks. You or me trying to beat them with a clue-by-four will just make them more stubborn.
The next 2 decades are going to be awesome (probably awesomely horrible ... or worse ... but it will be what it w
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The election is over, so Trump will do what he wants, doesn't matter how many protests, how many negative news stories there are. And logic, or even enlightened self-interest, doesn't work either.
Also, some of the things Trump is doing need doing. For example, even if it costs consumers more, manufacturing (even automated manufacturing) needs to be brought back on-shore, or when it comes to a pissing contest, China can just stop shipping critical components (or even just threaten to) and crater the America
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What a bunch of horsepucky. The Internet has enabled slacktivism - but that in turn is a failure. Look at the failures of the Internet-enabled Arab Spring democracy uprisings as just one example. Egypt is once again a dictatorship. Libya? Syria? Yemen? Real beacons of democracy now, thanks to Internet protests - except they're all dangerous shitholes, not flourishing democracies.
Even the organizers of the 1% protests admit they failed. And online petitions are so ineffective (and such a pain in the ass whe
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Huh? (Score:5, Insightful)
Paypal needs Amazon a hell of a lot more than Amazon needs Paypal.
I've never wished on the Amazon checkout that they had a Paypal option.
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How many active users? (Score:3)
I have had a few dozen PayPal accounts over the years, a few that were placed in forever limbo-land by PayPal and I'm sure are still counted though they can never be used.
I can't remember the last time I bothered using PayPal, they make life more difficult and provide zero advantages for the risk they'll put my money in 180 day purgatory for reasons they won't discuss. I prefer dealing with banks, at least until the current Congress succeeds in rolling back consumer protections.
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I stopped using their service many years ago.
Why have I had many accounts? I must be a criminal, that's the only possibility. Or I must be doing something bad at the very least.
Or maybe not, think what you want.
I've also had many email accounts, bank accounts, phone numbers, addresses and automobiles. Sorry I'm not like you.
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I went through one but that was enough. PayPal's security is so good that it locked me out of my account and of course now my email is tied to an account that I cannot use.
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Regarding your sig ... isn't it reasonable to conclude that a man in drag (for purposes other than a gag like I once saw at a Halloween party) is someplace on the "transsexual spectrum", or at least is thinking about becoming a transsexual? After all men who identify as masculine and heterosexual generally don't dress in drag. Is "woman trapped in a man's body" the only criteria you recognize? How much commitment do you require before you grant the recognition: must the man take estrogen and grow breasts, or go all the way and modify the genitals with reassignment surgery?
Absolutely not. First - "men who identify as masculine and heterosexual generally don't dress in drag" - if you believe that, you're in for a REAL surprise. Some surveys put the number of males who have worn one or more pieces of woman's clothing for erotic pleasure at least once at 60%. cross-dressing is a sexual fetish, and has nothing to do with gender identity.
The APA specifically state that being gender variant is NOT the same as being transsexual [psychiatry.org]. There are specific diagnostic criteria that only app
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No Thank You PayPal. (Score:2)
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Paypal is One step above Nigerian Escrow services! (Score:2)
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You're giving shit advice. Paypal takes a smaller slice than credit card processors, and many shoppers look specifically for etailers who support paypal because they (we, actually) know that they are competent. Most small sites have horrible payment handling and I'd rather just use paypal. You're actively telling people to leave money on the table for someone else to take.
PayPal has more security than Amazon, that's why (Score:1)
PayPal is still suffering from the reputational problems that came with the inevitable mistakes accompanying its pioneering role in the payments space, but it seems to have stabilized as well as any of the other payment processors that you've never heard of used by huge numbers of eCommerce sites. I still wouldn't let them hold my money interest-free, and I don't like anyone storing my credit card numbers (including Amazon). But PayPal has a security feature that nobody other than hardcore financial inst