Ebay just bought Paypal for 1,5 billion $ - GoFuckYourself.com

xxxChamp · 07-08-2002, 05:47 AM

Ebay just bought Paypal for 1,5 billion $

Good or bad ??????

Turf · 07-08-2002, 05:51 AM

ouch...

I think its a good thing, ebay has proven to be quite a good business and runs their stuff fair...

Juge · 07-08-2002, 05:52 AM

$1.5 billion ?!?!?!

I wonder what ebay's net worth is....

nocostporn · 07-08-2002, 05:56 AM

dude show us a link or something ... won't be true until ya do

xxxChamp · 07-08-2002, 06:00 AM

Quote:

Originally posted by nocostporn
dude show us a link or something ... won't be true until ya do

http://www.infopaq.dk/forside/forside.asp?

i will try to find a english news site too ...

xxxChamp · 07-08-2002, 06:03 AM

http://money.cnn.com/2002/07/08/news...ypal/index.htm

nocostporn · 07-08-2002, 06:05 AM

so much for Kimmy saying paypal will tank next year

I hope things don't change with paypal though,maybe a few more strict guidelines but nothing else....

nocostporn · 07-08-2002, 06:06 AM

Sex4it · 07-08-2002, 06:07 AM

just news
It won't change anythig for us

dipshit moron retard · 07-08-2002, 06:10 AM

maybe paypal will be run like an ethical business now.

Pornwolf · 07-08-2002, 06:34 AM

It's nice to see there is still ridiculous amounts of money/stock being thrown around. It gives me hope for my mainstream ventures! I bet the paypal people cash their stock as soon as they are allowed to!

Jayson · 07-08-2002, 06:37 AM

I would guess that this may mean no more adult.

I wouldnt be suprised if Paypals focus switches from being general purpose to really just serving ebay payments.

Jayson

Mr.Fiction · 07-08-2002, 06:58 AM

Ebay is militant about cancelling auctions that link to adult websites. They have been swayed to change their policies by social activists in the past and they have a corporate image to protect, a lot more so than just a payment processor does. I'm guessing that in the long run this won't be good news for adult sites using Pay Pal.

On top of all that, the price they paid seems very high during this shitty economy.

Firehorse · 07-08-2002, 07:03 AM

Good point. It may be worth considering not leaving too much money in there if they do decide to go the no more adult path.

nocostporn · 07-08-2002, 07:11 AM

it's still being run by the same admin,the paypal guys go to adult webmaster conventions and I think they know where the money is at... if anything,they will make it simplier to use paypal on adult sites...

Jayson · 07-08-2002, 07:23 AM

Quote:

Originally posted by nocostporn
it's still being run by the same admin,the paypal guys go to adult webmaster conventions and I think they know where the money is at... if anything,they will make it simplier to use paypal on adult sites...

I really doubt it. Paypal was embracing Adult as it needed to get profitable.

As part of Ebay that is no longer so urgent.

They are already starting to have problems with CC companies, so folding into Ebay could meant they really just focus on processing those transactions which are already well over 50% of their business.

I could be wrong, but only time will tell.

jimmyf · 07-08-2002, 07:23 AM

Quote:

Originally posted by nocostporn
it's still being run by the same admin,the paypal guys go to adult webmaster conventions and I think they know where the money is at... if anything,they will make it simplier to use paypal on adult sites...

I agree..Good points you make.. And I'll say it again look for Yahoo to get back in the porn biz.

nocostporn · 07-08-2002, 07:31 AM

Also paypal is backed by Mastercard which I think is the 2nd largest credit company when it comes to adult transactions...
They are trying to build a monopoly of sorts,Time Warner which owns AOL(Americans most publicized ISP) also owns adult satelite channels and phone sex operations,they are as mainstream as it gets and nobody has a problem with them... I think whoever owns ebay and now paypal are trying to follow suit...sex sells and everybody knows it... what does joe blue collar want more,a Ted Williams baseball card off ebay or some barely legal teen pussy?...you make the call

EscortBiz · 07-08-2002, 07:36 AM

This is what will happen sooner or later, all these guys like Yahoo and Overture who try to stay away from porn will have zero profits

The regular websites selling tshirts are falling like flies

Jayson · 07-08-2002, 07:47 AM

Quote:

Originally posted by nocostporn
Also paypal is backed by Mastercard which I think is the 2nd largest credit company when it comes to adult transactions...

Mastercard have been talking about putting a stop to Paypal transactions on its cards.

nocostporn · 07-08-2002, 08:05 AM

Quote:

Originally posted by Jayson

Mastercard have been talking about putting a stop to Paypal transactions on its cards.

have a link for that?

cherrylula · 07-08-2002, 08:10 AM

Leave it to ebay to fuck up a good thing. Damn.

I hope they don't, but the odds are against us.

I used to make huge amounts of cash selling mainstream goods on ebay. They eventually changed their system so much, its almost impossible to make a decent profit on something as they fucking charge you up the ass to sell. Not to mention if someone fucks you on a payment, ebay makes you jump through hoops for about 2 months until they credit your 2.89. Now imagine that times a couple hundred listings if you work in volume. It fucking sucks.

I am very bitter towards ebay. I have no doubt they will fuck up paypal for sure.

hyper · 07-08-2002, 08:14 AM

Quote:

Originally posted by Jayson

I really doubt it. Paypal was embracing Adult as it needed to get profitable.

As part of Ebay that is no longer so urgent.

They are already starting to have problems with CC companies, so folding into Ebay could meant they really just focus on processing those transactions which are already well over 50% of their business.

I could be wrong, but only time will tell.

I've said it before and i'll say it again

Paypal has no problem processing adult transactions
and the people i have spoken to there always recommend having your site reviewed so there will be no account holds.

they will be more than happy to take the time to review it

Jayson · 07-08-2002, 08:18 AM

Quote:

Originally posted by nocostporn

have a link for that?

I just did a quick search and got this -

http://www.usatoday.com/money/tech/2...-22-paypal.htm

the problem is that Visa and Mastercard dont like agregators. For example, in Australia companies like CCBill can not exist due to the card company rules.

I believe CCbill/Ibill etc are already having to report chargeback ratios etc for each individual site and you will more than likely find that sites with high Charge Back ratios will get booted by the card schemes.

It is far more profitable for the card schemes to have lots of smaller merchants which they can slug with massive set-up fees, and higher discount rates directly.

Adult is a very SMALL % of there transactions.

It may be a big percentage of their Online/Net transactions but that does not translate into the physical world.

They wouldnt even notice it if they stopped processing the transactions.

Jayson

<IMX> · 07-08-2002, 09:27 AM

Most likely PayPal will phase out adult processing.
They have already indicated that they will end processing for gaming.

Ebay alone has more than enough room for Pay Pal to grow, with next to no competition. Given that competitive outlook, why would they bother with entrenched adult competitors? Not to mention the stigma.

The purchase was a good move by Ebay IMHO.
Billpoint, Ebay's paypal like service, never got any traction in the market place. I'm sure Ebay did not want to wait on Pay Pal failing before they purchased. Now Ebay can focus on correcting Pay Pal's image and customer support problems.

Ebay is probably under fire to transition merchants from accepting check and money order purchases to PayPal, so they can better insure tracking and fulfillment.

Just my

B40 · 07-08-2002, 09:30 AM

Up about 11% at midday, think people knew about this before hand?

Look at the climb from March to June. It pretty much doubled in value.

B40 · 07-08-2002, 09:34 AM

Quote:

Originally posted by <IMX>
Most likely PayPal will phase out adult processing.
They have already indicated that they will end processing for gaming.

Ebay alone has more than enough room for Pay Pal to grow, with next to no competition. Given that competitive outlook, why would they bother with entrenched adult competitors? Not to mention the stigma.

The purchase was a good move by Ebay IMHO.
Billpoint, Ebay's paypal like service, never got any traction in the market place. I'm sure Ebay did not want to wait on Pay Pal failing before they purchased. Now Ebay can focus on correcting Pay Pal's image and customer support problems.

Ebay is probably under fire to transition merchants from accepting check and money order purchases to PayPal, so they can better insure tracking and fulfillment.

Just my

Billpoint will be phased out by eBay. I believe the only competitors are citi bank and hyper wallet. Great business move in my opinion.

Pornwolf · 07-08-2002, 10:52 AM

I disagree. It was a good move from a business growing standpoint in that owning Pay Pal broadens their horizons but I think they overpaid. E-Bay has one of the most rock solid names in internet biz. Not to mention they also have one of the most recognizable names too. All E-Bay really had to do was revamp Billpoint and cross brand it with the E-Bay reputation and they could have created a huge competitor in no time for less than 100 mil. A couple of Pay Pals marketing guys could have done that for them.

picpile · 07-08-2002, 12:14 PM

der, was a stock swap. didn't pay anything, but the 13 mil in costs to have the best

Paul Markham · 07-08-2002, 12:28 PM

We wilt Paypal need to look for a back up CC processor. If they want to can the adult biz you can bet they will not bother to warn us.

Mr.Fiction · 07-08-2002, 02:15 PM

eBay Chief Financial Officer Rajiv Dutta said eBay will discontinue PayPal's online gaming business, which was expected to account for 10 percent to 15 percent of total revenue in fiscal 2003. Dutta said the move is due to the "uncertain legal situation" around online gaming. Citibank recently said it would stop allowing its credit cards to be used for online gambling, and a bill is currently pending in Congress that would ban online gambling.

http://zdnet.com.com/2100-1106-941980.html

quiet · 07-08-2002, 02:17 PM

Quote:

Originally posted by dipshit moron retard
maybe paypal will be run like an ethical business now.

somehow i doubt that.

Kimmykim · 07-08-2002, 03:17 PM

Quote:

Originally posted by nocostporn
so much for Kimmy saying paypal will tank next year
I hope things don't change with paypal though,maybe a few more strict guidelines but nothing else....

I'll stand by what I said, even though you've quoted me wrong, I said that they wouldn't be around in their current form -- which of course could mean I was right in just 24 hours ;)

Doesn't really matter who owns Paypal, they still have alot of hurdles in front of them. Most of them credit card related, but sooner than not, of a regulatory nature...

mailfuck · 07-08-2002, 03:49 PM

Quote:

Originally posted by xxxChamp
Ebay just bought Paypal for 1,5 billion $

Good or bad ??????

who is the owner of Paypal ?

Bin Ladin ?

marzzo · 07-08-2002, 04:52 PM

Quote:

Originally posted by cherrylula
Leave it to ebay to fuck up a good thing. Damn.

I hope they don't, but the odds are against us.

I used to make huge amounts of cash selling mainstream goods on ebay. They eventually changed their system so much, its almost impossible to make a decent profit on something as they fucking charge you up the ass to sell. Not to mention if someone fucks you on a payment, ebay makes you jump through hoops for about 2 months until they credit your 2.89. Now imagine that times a couple hundred listings if you work in volume. It fucking sucks.

I am very bitter towards ebay. I have no doubt they will fuck up paypal for sure.

I'm with you, Cherry. It's way to crowded out there now to make the kind of bank we used to. eBay should have bought PayPal last year instead of crying about how many more people used 'em instead of their shitty Bilkpoint Service.

The problem is I don't think there are any other online payment services out there that can step up to the plate without giving away $10 just for signing up. Damn, that was the SHIT! I made some fat cash just for having my ref codes in my auctions

foe · 07-08-2002, 04:55 PM

good will improve service

Quoth the Raven · 07-09-2002, 09:43 AM

Quote:

Originally posted by Mr.Fiction
On top of all that, the price they paid seems very high during this shitty economy.

Not sure they paid anything for Paypal beside the transaction costs.

MrBrian · 07-09-2002, 10:55 AM

1.5B in stocks...im not sure what that is in real money...20 million? hehe

Pornwolf · 07-09-2002, 11:43 AM

It's worth a lot, it just doesn't affect the bottom line at the moment. Swapping stock isn't like playing with Monopoly money. It's real. Depending on how long they have to hold those stocks before they can sell them determines how much the deal will ultimately be worth to Pay Pal but don't think for a second it isn't real money & voting power inside of the company. What was Pierre thinking!?

Quoth the Raven · 07-09-2002, 11:48 AM

Quote:

Originally posted by Pornwolf
It's worth a lot, it just doesn't affect the bottom line at the moment. Swapping stock isn't like playing with Monopoly money. It's real. Depending on how long they have to hold those stocks before they can sell them determines how much the deal will ultimately be worth to Pay Pal but don't think for a second it isn't real money & voting power inside of the company. What was Pierre thinking!?

Nevertheless, $1.5G in stock does not equal $1.5G in cash.

jojojo · 07-09-2002, 11:49 AM

They may have to hold the eBAY stock for a few years before they can sell it, but who cares, eBAY isn't going tits up any time soon :-)

Kimmykim · 07-09-2002, 12:06 PM

Well a proposed sale isn't a done deal, alot remains between yesterday and an actual change of hands -- will be interesting to see what happens.

RAM · 07-10-2002, 05:46 PM

Is this a done deal....?

Quoth the Raven · 07-10-2002, 07:38 PM

Quote:

Originally posted by RAM
Is this a done deal....?

No. Not until the fat lady sing.

07-08-2002, 05:47 AM	#1
xxxChamp Confirmed User Join Date: May 2002 Location: floating down the river Posts: 199	Ebay just bought Paypal for 1,5 billion $ Ebay just bought Paypal for 1,5 billion $ Good or bad ??????

07-08-2002, 05:56 AM	#4
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	dude show us a link or something ... won't be true until ya do __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message

07-08-2002, 06:03 AM	#6
xxxChamp Confirmed User Join Date: May 2002 Location: floating down the river Posts: 199	http://money.cnn.com/2002/07/08/news...ypal/index.htm Last edited by xxxChamp; 07-08-2002 at 06:05 AM..

07-08-2002, 06:05 AM	#7
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	so much for Kimmy saying paypal will tank next year I hope things don't change with paypal though,maybe a few more strict guidelines but nothing else.... __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message

07-08-2002, 06:06 AM	#8
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	- __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message

07-08-2002, 05:51 AM	#2
Turf Confirmed User Industry Role: Join Date: Jul 2001 Location: ICQ: 64644691 Posts: 1,865	ouch... I think its a good thing, ebay has proven to be quite a good business and runs their stuff fair...

07-08-2002, 05:52 AM	#3
Juge Confirmed User Join Date: Feb 2001 Posts: 1,917	$1.5 billion ?!?!?! I wonder what ebay's net worth is....

07-08-2002, 06:07 AM	#9
Sex4it Confirmed User Industry Role: Join Date: Aug 2001 Posts: 784	just news It won't change anythig for us __________________ I'm back and happy about it.

07-08-2002, 06:10 AM	#10
dipshit moron retard Confirmed User Join Date: Apr 2002 Posts: 667	maybe paypal will be run like an ethical business now.

07-08-2002, 06:34 AM	#11
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	It's nice to see there is still ridiculous amounts of money/stock being thrown around. It gives me hope for my mainstream ventures! I bet the paypal people cash their stock as soon as they are allowed to!

07-08-2002, 06:37 AM	#12
Jayson Confirmed User Join Date: Oct 2001 Location: CZ Posts: 554	I would guess that this may mean no more adult. I wouldnt be suprised if Paypals focus switches from being general purpose to really just serving ebay payments. Jayson __________________ Sapphic Cash - We Do It Right

07-08-2002, 06:58 AM	#13
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	Ebay is militant about cancelling auctions that link to adult websites. They have been swayed to change their policies by social activists in the past and they have a corporate image to protect, a lot more so than just a payment processor does. I'm guessing that in the long run this won't be good news for adult sites using Pay Pal. On top of all that, the price they paid seems very high during this shitty economy.

07-08-2002, 07:03 AM	#14
Firehorse Desire it and have it!!! Join Date: Apr 2002 Location: www.fuckwithfire.com ICQ 512915 Posts: 30,767	Good point. It may be worth considering not leaving too much money in there if they do decide to go the no more adult path. __________________ MySweetEbony

07-08-2002, 07:11 AM	#15
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	it's still being run by the same admin,the paypal guys go to adult webmaster conventions and I think they know where the money is at... if anything,they will make it simplier to use paypal on adult sites... __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message

07-08-2002, 07:31 AM	#18
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	Also paypal is backed by Mastercard which I think is the 2nd largest credit company when it comes to adult transactions... They are trying to build a monopoly of sorts,Time Warner which owns AOL(Americans most publicized ISP) also owns adult satelite channels and phone sex operations,they are as mainstream as it gets and nobody has a problem with them... I think whoever owns ebay and now paypal are trying to follow suit...sex sells and everybody knows it... what does joe blue collar want more,a Ted Williams baseball card off ebay or some barely legal teen pussy?...you make the call __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message Last edited by nocostporn; 07-08-2002 at 07:32 AM..

07-08-2002, 07:36 AM	#19
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	This is what will happen sooner or later, all these guys like Yahoo and Overture who try to stay away from porn will have zero profits The regular websites selling tshirts are falling like flies __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

07-08-2002, 08:10 AM	#22
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	Leave it to ebay to fuck up a good thing. Damn. I hope they don't, but the odds are against us. I used to make huge amounts of cash selling mainstream goods on ebay. They eventually changed their system so much, its almost impossible to make a decent profit on something as they fucking charge you up the ass to sell. Not to mention if someone fucks you on a payment, ebay makes you jump through hoops for about 2 months until they credit your 2.89. Now imagine that times a couple hundred listings if you work in volume. It fucking sucks. I am very bitter towards ebay. I have no doubt they will fuck up paypal for sure.

07-08-2002, 09:27 AM	#25
<IMX> Confirmed User Join Date: Jun 2002 Posts: 2,728	Most likely PayPal will phase out adult processing. They have already indicated that they will end processing for gaming. Ebay alone has more than enough room for Pay Pal to grow, with next to no competition. Given that competitive outlook, why would they bother with entrenched adult competitors? Not to mention the stigma. The purchase was a good move by Ebay IMHO. Billpoint, Ebay's paypal like service, never got any traction in the market place. I'm sure Ebay did not want to wait on Pay Pal failing before they purchased. Now Ebay can focus on correcting Pay Pal's image and customer support problems. Ebay is probably under fire to transition merchants from accepting check and money order purchases to PayPal, so they can better insure tracking and fulfillment. Just my __________________ $$$ Check out NICHE PAY the leader of Micro Niche Sites! They offer $1 Trials! $$$ $$$ Check out 10 FREE TRIAL SALES equals 1 FREE LAP TOP ! $$$

07-08-2002, 09:30 AM	#26
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	Up about 11% at midday, think people knew about this before hand? Look at the climb from March to June. It pretty much doubled in value. __________________

07-08-2002, 10:52 AM	#28
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	I disagree. It was a good move from a business growing standpoint in that owning Pay Pal broadens their horizons but I think they overpaid. E-Bay has one of the most rock solid names in internet biz. Not to mention they also have one of the most recognizable names too. All E-Bay really had to do was revamp Billpoint and cross brand it with the E-Bay reputation and they could have created a huge competitor in no time for less than 100 mil. A couple of Pay Pals marketing guys could have done that for them. Last edited by Pornwolf; 07-08-2002 at 10:53 AM..

07-08-2002, 12:14 PM	#29
picpile Confirmed User Join Date: Nov 2001 Location: Las Vegas, Nevada Posts: 734	der, was a stock swap. didn't pay anything, but the 13 mil in costs to have the best

07-08-2002, 12:28 PM	#30
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	We wilt Paypal need to look for a back up CC processor. If they want to can the adult biz you can bet they will not bother to warn us. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

07-08-2002, 02:15 PM	#31
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	eBay Chief Financial Officer Rajiv Dutta said eBay will discontinue PayPal's online gaming business, which was expected to account for 10 percent to 15 percent of total revenue in fiscal 2003. Dutta said the move is due to the "uncertain legal situation" around online gaming. Citibank recently said it would stop allowing its credit cards to be used for online gambling, and a bill is currently pending in Congress that would ban online gambling. http://zdnet.com.com/2100-1106-941980.html

07-08-2002, 04:55 PM	#36
foe Confirmed User Join Date: May 2002 Location: CT Posts: 5,246	good will improve service

07-09-2002, 10:55 AM	#38
MrBrian Confirmed User Join Date: Mar 2001 Posts: 1,215	1.5B in stocks...im not sure what that is in real money...20 million? hehe __________________ ICQ #971-2561

07-09-2002, 11:43 AM	#39
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	It's worth a lot, it just doesn't affect the bottom line at the moment. Swapping stock isn't like playing with Monopoly money. It's real. Depending on how long they have to hold those stocks before they can sell them determines how much the deal will ultimately be worth to Pay Pal but don't think for a second it isn't real money & voting power inside of the company. What was Pierre thinking!?

07-09-2002, 11:49 AM	#41
jojojo Too lazy to set a custom title Join Date: Mar 2002 Location: Vancouver, BC Posts: 2,318	They may have to hold the eBAY stock for a few years before they can sell it, but who cares, eBAY isn't going tits up any time soon :-) __________________ Learn SEO - make $$ residually - icq me 333485092

07-09-2002, 12:06 PM	#42
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	Well a proposed sale isn't a done deal, alot remains between yesterday and an actual change of hands -- will be interesting to see what happens.

07-10-2002, 05:46 PM	#43
RAM They're all hookers, but mom! Industry Role: Join Date: Jan 2001 Location: Right now Shelby Twp MI Posts: 7,047	Is this a done deal....? __________________ RAM Fucking Machines are like CASH MACHINES See RAM on these quality sites!! Rightofftheboat.com EuroBrideTryouts.com