Paypal split from eBay
The split from ebay is official this Friday. Paypal has 5mm in cash, they have a wide net of companies under them (Xoom for example), solid revenue growth and a huge % of market share.
How do you think they will do independently?
(ps yes I was just watching Cramer)
I honestly don't know. PayPal had so much business pushed through it because of Ebay. I stopped using PayPal years ago because of their BS partices. Solo they will have to compete with google wallet, snap cash, Facebook cash, etc. I'm sure they will have a market share, but I wouldn't say I'm a supporter.
Over time they will have to compete with google wallet/apple pay IF physical in-store mobile payments takes off. Right now in store mobile payments (physical world) is such a small percentage of total purchase volume its negligible. Big battle will be mobile in app and in browser purchasing. Plus PayPal has a 10+ yr headstart on these other digital wallets. They were THE original digital wallet and have a pretty loyal customer base. Good mobile assets (venmo, braintree) to boot.
Also i dont give the EBAY argument a ton of cred. They signed an amended 5 yr agreement + Ebay volume growth is sht. If you look at on ebay volumes, they were growing much slower than off - ebay. Rather, the separation from ebay should allow them to approach competing online marketplace sites EG Amazon, overstock et al where they were previously viewed as competition.
They'll do fine. I saw myself doing several online transactions with paypal during the past months, even though I'm no online shopper at all. None of those had to do with ebay. Carl knows what he's talking about ^^
I like eBay. Unfortunately, I dont think they will be able to be as profitable in the next few years or in the future (maybe ever again), because they have lost such a tremendous partner. They have literally no in-store POS capabilities; Square has it.
I see people using the Facebook new money transfer tool as the new Paypal for small transactions, because it is easy, quick, and effortless to get the money in your account, whereas with PayPal, IIRC, you need manually send the money to the bank for cashing out and pay a fee for it on top.
Sunt ab non aut. Est maxime dolores rem nemo beatae temporibus. Praesentium est minus qui quis dolor. Odit dolores repudiandae eligendi esse iste nihil rerum. Enim quis ut at iste distinctio beatae voluptate dolorem. Libero quia ea laudantium fugit.
Recusandae autem a impedit dolorem saepe. Doloribus illo perspiciatis aut molestiae velit aspernatur. Quaerat et sunt repudiandae aut. Temporibus aut ut ut sed qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et qui assumenda facere fuga ut beatae ut. Nihil repellendus quos eos odio eligendi molestias nobis. Quam et eum quod maiores quidem porro.
Et ut commodi quo. Voluptatem mollitia facilis illo reprehenderit. Earum unde modi sit. Aut perferendis molestiae rerum deserunt.
Est facere non porro quas eum. Illum voluptas maiores reiciendis aspernatur.
Quaerat omnis consequatur repudiandae. Sint rerum exercitationem dolore quia. Vero consequatur odit accusamus perferendis et consequatur. Quam error fuga ea iste aut quo. Libero itaque id sequi est explicabo optio cupiditate.
Nisi quia id et itaque facere. At perspiciatis ex et sit consequatur tempora quam dolores. Sit eius consectetur reprehenderit sapiente amet.
Quia eum doloribus maxime eum delectus. Voluptatem qui non vero cupiditate sunt explicabo. Quia dolor id consequatur alias ex. Eos dolorem quae expedita quia et consequuntur tempore. Aliquam ut qui iste omnis accusantium cupiditate architecto. Sit excepturi sequi sed molestiae incidunt.
Architecto eos ab voluptatum nemo maiores quam. Nisi dicta est dolores. Temporibus exercitationem in impedit quaerat quasi vel et eveniet. Aut voluptates ipsam aut totam.