E-checks
Leiascards
Posts: 3,233
Anyone else having problems with Paypal E-checks. I have 2 that were suppoused clear Friday and Monday, neither has cleared and the clearing dates have not changed so it does not seem like they have bounced.
0
Comments
Clear Skies,
Mark
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
They claim they are working on it.
Last week, they said it was fixed. It wasn't.
It is a notification issue. NOT a clearance issue. PayPal loves
the profit on the extra float time.
<< <i>Delay is system wide.
They claim they are working on it.
Last week, they said it was fixed. It wasn't.
It is a notification issue. NOT a clearance issue. PayPal loves
the profit on the extra float time. >>
Collect juice for just a couple extra days on every eCheck payment, plus hold payments for 21 days on sellers, new, old and otherwise and increase final value fees just a smidge, and you've got the makings of one helluva profit center.
I'm not sure if the Money Market paypal uses is strictly paypal user-funds or not, but it's over $800M in capital. They are collecting money and making a lot of interest on it.
Storm, you might know this, if a company is making money off interest/dividends, do they report that as a separate line item in the annual report?
My eBay Store
BigCrumbs! I made over $250 last year!
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Not exactly - in regard to PayPal - but it is easy enough to approximately calculate.
(The last 10-K breaks out interest/dividends as to EBAY; PayPal is a "division" of EBAY.
PP contributions are reported as an equivalent of "payments division." (PNTR) EBAY
receives interest/dividends from numerous sources.)
PP is not a bank, and calcs interest income broadly as "transaction revenues."
The most recent 10-Q pretty clearly illustrates that PP is the ONLY "real" sustainable
portion of EBAY. PP is likely to be spun-off to shareholders before 2010.
There is NO more certain SHORT than EBAY. Building a position slowly is the safest
way to do it; adding on upward moves. Absent PP, EBAY is a penny-stock. With
a PE of nearly 100, it is a mature/dying gang disguised as a growth stock. There
is "no there, there."
10-Q April 2008
Payments Net Transaction Revenues
Payments net transaction revenues increased 34% during the first quarter of 2008 compared to the same period of the prior year. The increase in net transaction revenues was consistent with our 34% growth in TPV during the first quarter of 2008 compared to the same period of the prior year. TPV increased due to growth in the Merchant Services business and continued penetration of eBay Marketplaces transactions.
The TPV for PayPal's Merchant Services transactions was approximately $6.6 billion in the first quarter of 2008, which represented an increase of 61% compared to the same period of the prior year. The Merchant Services business represented approximately 46% of PayPal's TPV in the first quarter of 2008. The increase in Merchant Services business is primarily the result of more online merchants, both domestically and internationally, adding PayPal as a payment option, and increased usage of PayPal by customers of our existing Merchant Services clients. Our Payments net transaction revenues as a percentage of TPV was 3.9% during each of the first quarters of 2008 and 2007. The TPV for PayPal's Merchant Services transactions was approximately $4.1 billion in the first quarter of 2007 and represented 38% of PayPal's TPV.
Payments net transaction revenues earned internationally were $241.6 million during the first quarter of 2008 and represented 43% of total Payments net transaction revenues during that period. Payments net transaction revenues earned internationally were $171.3 million during the first quarter of 2007 and represented 41% of total Payments net transaction revenues during that period. International growth in our Payments segment continues to benefit from the expansion of our geographical footprint and the number of currencies supported by PayPal over the last twelve months. Based on changes in foreign currency rates year over year, Payments net revenues were positively impacted by foreign currency translation of approximately $1.7 million during the first quarter of 2008.
For the remainder of 2008, we expect Payments net transaction revenues to increase in total and net transaction revenues earned internationally to increase in total and as a percentage of Payments net transaction revenues. We expect our Payments Merchant Services business to continue to grow as the number of merchants integrating PayPal on their websites increases and as we build consumer preference for PayPal. In addition, we expect that our Payments business will continue to benefit from growth in GMV and higher levels of penetration on Marketplaces transactions.