Card Sellers: PayPal Will Deliver 13-Year Old Buyers and Save The Hobby
storm888
Posts: 11,701 ✭✭✭
Great NEWS!!!!
PayPal is going to get the kiddies buying cards from EBAY sellers.
I guess, since kiddies cannot enter into binding contracts, EBAY
finally admits that EBAY transactions are not binding contracts.
I cannot wait to see the DSR Stars and FB that the 13-year old children
leave for sellers.
The hobby/biznez is saved. The kids will start buying again!
///////////////////////////
PayPal is testing the PayPal Student Account system with a limited number of customers, allowing children aged 13 and up to make online purchases on websites that accept PayPal as a payment method.
The program allows parents to set up accounts for their children and control their deposits and spending by creating a maximum of four sub-accounts linked to their primary PayPal account. Parents allocate a certain sum of money or create a recurring allowance for their children to make internet purchases. In order to control the child's budget, parents can monitor the amount of money that their children spend, and set up alerts to notify them of account activity (e.g. receiving text or e-mail messages notifying them that they must approve any purchase that goes beyond USD 100.) Parents can transfer funds online or via a mobile phone. PayPal Student accounts do not require sign-up or transfer fees. Customers can also receive a Student MasterCard debit card which is connected to theit student account. PayPal has not yet revealed the specific date when it intends to make PayPal Student Accounts available for a larger number of consumers.
desperate greed
PayPal is going to get the kiddies buying cards from EBAY sellers.
I guess, since kiddies cannot enter into binding contracts, EBAY
finally admits that EBAY transactions are not binding contracts.
I cannot wait to see the DSR Stars and FB that the 13-year old children
leave for sellers.
The hobby/biznez is saved. The kids will start buying again!
///////////////////////////
PayPal is testing the PayPal Student Account system with a limited number of customers, allowing children aged 13 and up to make online purchases on websites that accept PayPal as a payment method.
The program allows parents to set up accounts for their children and control their deposits and spending by creating a maximum of four sub-accounts linked to their primary PayPal account. Parents allocate a certain sum of money or create a recurring allowance for their children to make internet purchases. In order to control the child's budget, parents can monitor the amount of money that their children spend, and set up alerts to notify them of account activity (e.g. receiving text or e-mail messages notifying them that they must approve any purchase that goes beyond USD 100.) Parents can transfer funds online or via a mobile phone. PayPal Student accounts do not require sign-up or transfer fees. Customers can also receive a Student MasterCard debit card which is connected to theit student account. PayPal has not yet revealed the specific date when it intends to make PayPal Student Accounts available for a larger number of consumers.
desperate greed
Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
0
Comments
<< <i>Is it me or is ebay becoming a giant joke now? >>
It's not just you. They were hitting 5 year lows before the economy tanked:
My Podcast - Now FEATURED on iTunes
Not a smooth move on PP's behalf. It would be less of an issue if this excluded eBay, but it obviously doesn't.
<< <i>Is it me or is ebay becoming a giant joke now? >>
Not just you.
<< <i>Is it me or is ebay becoming a giant joke now? >>
Ebay has gone MAD! I hope everyone enjoys their Feedback rating s right now because who knows where they will be after this! Greed like this is WHY I left! FEEBAY does not care about those who made them what they are, now it's all about the people buying!
even a cursory look sees that the buyer is more then likely an idiot.
The most important thing to me is how the person responds to negatives.
If it was replied to in a professional manner I look past it/them.
If it is always the other persons fault and the reply is vengeful I pass with that seller/buyer.
Toolhaus is a great tool.
Steve
eBay is floundering and has made a ton of changes. Every change has been met with skepticism, but that hasn't stopped them from making the changes. Just like PSA's half-point change, the world isn't going to stop because some get upset.
There are other avenues out there. They don't provide the traffic that eBay does. Many have built their business by using the clients they've garnered from eBay and buy/sell outside of the online forum.
To those that are unwilling to adapt or to make changes, then I can understand why you get upset when the status quo changes. Those that are willing to adapt and change, these situations are incoveniences that will be overcome.
even a cursory look sees that the buyer is more then likely an idiot."
////////////////////////////
Agree.
But, sadly, a tiny seller with less than 20 transactions a month will be suspended
from EBAY, if they receive ONE NEG or NEUT. (Yes, NEUTs count as NEGs on the 30-day
calculation; not on the 12-month calculation.)
Since August, it is estimated that far in excess of 100,000 small sellers have failed
to meet the minimum requirements and have been dumped.
In this aspect of the equation, feedback can be said not to be "overrated."
.......
About 25% of 2007's Top-100 sellers have left voluntarily. More to follow in the next 90-days.
(And, no, that does not mean that the remaining sellers will get a bigger piece of the buyer-pie.
The buyers will follow the sellers AWAY from the venue; just like they did in December.)
.........
EBAY has an absolute right to cater to and exclude whoever they wish to. They
really should be HONEST about what they are doing and STOP collecting money
from little folks and giving them NOTHING in return. And, "NOTHING" is what many
little sellers are getting on the site.
EBAY wants to do biznez with businesses. They want "individuals" GONE. No problem
with that plan............except when they LIE about their intentions just to keep the
peasants' money flowing in during the "transition."
Folks who don't recognize the new EBAY now, are going to be shocked by December 2009.
<< <i>It gets so tiring hearing so many complain about eBay, grading companies, auction houses, card companies, shows and everything associated with this hobby. If some of you are so down on the vehicles to build or liquidate your collection, maybe it is time to look for something else to collect. >>
It gets so tiring hearing people complain about how tiring it is to hear so many people complain about eBay, grading companies, auction houses, card companies, shows and everything associated with this hobby. If some of you are so down on the posts that some of you make on the vehicles to build or liquidate your collection, maybe it is time to look for a different website to discuss the things you collect.
<< <i>
<< <i>It gets so tiring hearing so many complain about eBay, grading companies, auction houses, card companies, shows and everything associated with this hobby. If some of you are so down on the vehicles to build or liquidate your collection, maybe it is time to look for something else to collect. >>
It gets so tiring hearing people complain about how tiring it is to hear so many people complain about eBay, grading companies, auction houses, card companies, shows and everything associated with this hobby. If some of you are so down on the posts that some of you make on the vehicles to build or liquidate your collection, maybe it is time to look for a different website to discuss the things you collect. >>
Maybe if you and your minions didn't get so defensive when someone posts in contradiction to you or doesn't glad hand you for your childish antics, then you wouldn't have such a woodie every time I post in your sandbox.
A simple examination of my posts would certainly conclude that your assumptions about me and what I post about are way off the mark, but alas, it doens't fit the playground bully mentallity of you and your little band of sandbox sillies.
If you can't stand the fact that I call them as I see them, then you could simply ignore me. But that's too hard for you guys.
So, I'll continue to post about what I choose to post about and I'll watch the monkeys dance when I want them to...
<< <i>Maybe if you and your minions didn't get so defensive when someone posts in contradiction to you or doesn't glad hand you for your childish antics, then you wouldn't have such a woodie every time I post in your sandbox.
A simple examination of my posts would certainly conclude that your assumptions about me and what I post about are way off the mark, but alas, it doens't fit the playground bully mentallity of you and your little band of sandbox sillies.
If you can't stand the fact that I call them as I see them, then you could simply ignore me. But that's too hard for you guys.
So, I'll continue to post about what I choose to post about and I'll watch the monkeys dance when I want them to... >>
Wow. That's a whole lot of assumptions (and typing) in response to simple sarcasm.
Settle down Francis.
<< <i>cool.....Facebook got a mall.
////////////////////////////////
Yup. Very COOL thing!!
But, it looks like PayPal may end up as the default/sole payment scheme.
If FB can make peace with google on the open-source issues - and the indexing
ownership issues - google checkout could get the nod. Or, maybe FB will try
again to figure out how to do it alone. (MS's stake in FB could also be a factor,
if MS figures out what kind of company they want to be in the future.)
By 2013, it is estimated that up to 40% of online transactions between individuals
will be completed on "social networking platforms." This gives new meaning to the
concept of "know your seller." Buyers WILL "know their sellers."
The irony of the WWW reverting to the neighborhood-friendship-retailing-ring
is fun. The global-network becomes the corner-market, and six-degrees shrinks
to three. Amazing. But, the real "amazing" thing is that WE cannot yet imagine
how it will really look in the end, and how 20-years from now it will have changed
everything about how we buy/sell the stuff we need/want.
.......
////////////////////////////////
NEWS.........
Facebook plans for platform payment system put on hold indefinitely
Tuesday 30 December 2008 | 01:58 PM CET
Social networking website Facebook has temporarily abandoned its initiative to launch a platform payment system which would enable retailers to conduct e-commerce transactions and accept payments directly inside their Facebook applications.
Facebook announced the beta test version of the platform in December 2007. It was originally billed as a means to allow Facebook users to carry out transactions and purchase virtual and physical goods and services without resorting to third party payment platforms such as Paypal. Facebook Payments was also initially designed to act as a revenue generator for Facbook via payment processing commissions, and a means for the social networking website to gather consumer data to facilitate future direct transactions such as the purchase of Facebook’s virtual gift offerings.
However, one year after the initiative was made public, the payment system has not yet been developed and Facebook representatives have confirmed that no further developments are currently conducted regarding the project.
<< <i>I think mandatory drug testing for hallucinagetics should be given to the ebay marketing department. >>
<< <i>Wow. That's a whole lot of assumptions (and typing) in response to simple sarcasm.
Settle down Francis. >>
Sarcasm? Assumptions?
If this was the first time you posted to, or about me, then I would think so. But it's not. You're tone has been even more noticable since Matt got his undies in a bundle.
Call it however you want . . . That's all you're going to believe (or admit to) anyway.
Keep posting.---Sonny
<< <i>
<< <i>Wow. That's a whole lot of assumptions (and typing) in response to simple sarcasm.
Settle down Francis. >>
Sarcasm? Assumptions?
If this was the first time you posted to, or about me, then I would think so. But it's not. You're tone has been even more noticable since Matt got his undies in a bundle.
Call it however you want . . . That's all you're going to believe (or admit to) anyway. >>
<< <i>You both are pretty intelligent but see things from a different view point. There are some things that need to be defended, like the truth. >>
Sonny:
I'm concerned by the fact that you suggested that I was "pretty intelligent." But I guess there's no need to defnd that...
I think the next great move is to offer credit to anyone and everyone. Sales would skyrocket , but how soon would the train wreck arrive ? I got out of selling on ebay , when the great feedback change occured. I really could not stomach the soon arriving problems. I have close to a thousand graded cards I'm sitting on , until a better venue appears. I sell quite a bit just through networking , but miss the ebay market. I'm choosing the lesser of 2 evils by not actively selling.
My 2-1/2 cents----Sonny
Steve
<< <i>Oh , by the way, I feel this move by ebay just is another desicion based on bad economics. " I've decided today that we're going to attract more sub-prime buyers".
I think the next great move is to offer credit to anyone and everyone. Sales would skyrocket , but how soon would the train wreck arrive ? I got out of selling on ebay , when the great feedback change occured. I really could not stomach the soon arriving problems. I have close to a thousand graded cards I'm sitting on , until a better venue appears. I sell quite a bit just through networking , but miss the ebay market. I'm choosing the lesser of 2 evils by not actively selling.
My 2-1/2 cents----Sonny >>
Sonny,
There's a new platform coming up later this month. I'm going to be opening a store for a bunch of my raw modern junk. The price is right (free through March) and then $9.95/month. No listing fees. Reasonable final value fees. (0% @ $0-$200 in sales; 5% @ $200.01-$500; 3% @ $500.01-$1,000; 1.5% @ $1,000.01-$50,000) It's worth a try for me... Auctiva Commerce
There have been other threads about this platform as well.
Craig
///////////
LOTS of folks are sitting on stuff.
Some are throwing it up on ecrater for FREE, and selling some.
It's a lot of work, but can be done.
auctivacommerce rolls out in a few days. $9.95 a month + low FVFs.
FREE for the first two-months, so folks can decide if it works w/o risk.
No feedback stress, get paid how you want to, and the ad budget
will be respectable; mostly funded by seller "bids" on FVF rates.
ONCE folks get off of EBAY they realize that ecommerce does NOT
have to be so stressful. Even PayPal is great for sellers OFF of EBAY.
(No buyer/seller protection nonsense to be abused by fraudsters.)
<< <i>"...I have close to a thousand graded cards I'm sitting on , until a better venue appears...."
///////////
LOTS of folks are sitting on stuff.
Some are throwing it up on ecrater for FREE, and selling some.
It's a lot of work, but can be done.
auctivacommerce rolls out in a few days. $9.95 a month + low FVFs.
FREE for the first two-months, so folks can decide if it works w/o risk.
No feedback stress, get paid how you want to, and the ad budget
will be respectable; mostly funded by seller "bids" on FVF rates.
ONCE folks get off of EBAY they realize that ecommerce does NOT
have to be so stressful. Even PayPal is great for sellers OFF of EBAY.
(No buyer/seller protection nonsense to be abused by fraudsters.) >>
I'm still very confortable using paypal as the money exchanger. I've yet to have a bad transaction. I have my doubts as to another successful market place. Maybe Scott will go home , and common sense will come back. I find it very hard to believe that there is no one at ebay that will stand up to " The Empeoror(SP?) and His New Clothing" mentality. He reminds me of Borman and Boeing.
Storm thank you very much for your informative posts---Sonny
Mickey71
///////////////////////////////////////////
Borman and Eastern?
Or, are you referring to Borman's role in the 757? Just curious.
(One of my relatives worked at BA during that time.)
/////////////
No one is going to stand up to JD. The BOD is incompetent and JD is actually the
smartest guy they have playing; ALL of the smart folks have bailed.
In 2007, I met with Lorrie Norrington and became convinced that she was going
to get the top spot. She understood EVERYTHING I said to her, and seemed in
agreement with the direction I was promoting.
JD was trained by Mitt Romney. LN was trained by Jack Welch. Meg also was a
knee-sitter with Romney, and that made the decision irreversible once the 1st
pitch was made by Meg.
LN was no doubt disappointed. She should have quit. By staying, she has married
herself to the failures of JD and her carreer is unlikely to ever recover; she could
have been the most famous/successful female exec in history, but she convinced
herself that being a "team-player" and "waiting her turn" was the way to go. Her
fate was cast on the day she pleaded, "Give JD a chance, before you judge."
Sometimes ideas are SO BAD, that they don't need to be "given a chance" to be
determined to be FAILURES.
Disruptive Innovation is a fun concept in game-theory and in start-ups. The father
of DR said, "Never try this stuff with existing companies that are working." JD did
not hear that part of the seminars.
Timing is everything. EBAY got the time right ONCE, when Pierre started the thing.
Since then, almost all success has come in spite of getting the timing right. Skype,
Japan, China, were only survivable because of EBAY backing into the PayPal deal.
Absent PP's numbers, EBAY would have been gone in 2007. (Folks who read "The
PayPal Wars," know that the PP buy by EBAY was luck NOT skill.)
The "time" to build an AMZN was when Bezo's built it. NOT when JD tried to recreate
it on a platform that was built by peasantine garage-sale "merchants."
IF JD gets canned, and the BOD decides to bifurcate the collectibles-side of EBAY
from the BIG BOX side, card sellers will quickly find the equilibrium that seemed
to be there before 2006. If that does not happen, I expect at least one start-up
will take the lead and give collectible buyers/sellers a new place to prosper.
<< <i>"...I find it very hard to believe that there is no one at ebay that will stand up to " The Emperor and His New Clothing" mentality. He reminds me of Borman and Boeing..."
///////////////////////////////////////////
Borman and Eastern?
Or, are you referring to Borman's role in the 757? Just curious.
(One of my relatives worked at BA during that time.)
/////////////
No one is going to stand up to JD. The BOD is incompetent and JD is actually the
smartest guy they have playing; ALL of the smart folks have bailed.
JD was trained by Mitt Romney. LN was trained by Jack Welch. Meg also was a
knee-sitter with Romney, and that made the decision irreversible once the 1st
pitch was made by Meg.
Sometimes ideas are SO BAD, that they don't need to be "given a chance" to be
determined to be FAILURES.
Disruptive Innovation is a fun concept in game-theory and in start-ups. The father
of DR said, "Never try this stuff with existing companies that are working." JD did
not hear that part of the seminars.
Timing is everything. EBAY got the time right ONCE, when Pierre started the thing.
Since then, almost all success has come in spite of getting the timing right. Skype,
Japan, China, were only survivable because of EBAY backing into the PayPal deal.
Absent PP's numbers, EBAY would have been gone in 2007. (Folks who read "The
PayPal Wars," know that the PP buy by EBAY was luck NOT skill.)
IF JD gets canned, and the BOD decides to bifurcate the collectibles-side of EBAY
from the BIG BOX side, card sellers will quickly find the equilibrium that seemed
to be there before 2006. If that does not happen, I expect at least one start-up
will take the lead and give collectible buyers/sellers a new place to prosper. >>
A number of years ago , I was asked to take a Harford Buisness course. We studied various models. G.E.--Jack Welch vs Xerox. Another one was Southwest Air Vs Boeing. It was easy to see that Borman had almost no visionary skill at all and was in the quadrant of most execs , that being -- Moderate to better organiztional skills plus little if any visionary skills. Borman was terrible on how he treated his employes and how his products impacted the markets.
J.D. unforunately may not even be able to hold Borman's jock. I hope they wake up soon. Their baby is dying and he is the abortionist. i know these are strong words , but one thing that came out of that buisness course was I had the lowest organization skills of all those that attended. I fortunately scored the highest of all in the "vision" skills. I see what J.D. is doing and simply wish them luck, as that is all they have going for them----Sonny
<< <i>No one is going to stand up to JD. The BOD is incompetent and JD is actually the
smartest guy they have playing; ALL of the smart folks have bailed.
In 2007, I met with Lorrie Norrington and became convinced that she was going
to get the top spot. She understood EVERYTHING I said to her, and seemed in
agreement with the direction I was promoting.
JD was trained by Mitt Romney. LN was trained by Jack Welch. Meg also was a
knee-sitter with Romney, and that made the decision irreversible once the 1st
pitch was made by Meg.
LN was no doubt disappointed. She should have quit. By staying, she has married
herself to the failures of JD and her carreer is unlikely to ever recover; she could
have been the most famous/successful female exec in history, but she convinced
herself that being a "team-player" and "waiting her turn" was the way to go. Her
fate was cast on the day she pleaded, "Give JD a chance, before you judge."
Sometimes ideas are SO BAD, that they don't need to be "given a chance" to be
determined to be FAILURES.
Disruptive Innovation is a fun concept in game-theory and in start-ups. The father
of DR said, "Never try this stuff with existing companies that are working." JD did
not hear that part of the seminars.
Timing is everything. EBAY got the time right ONCE, when Pierre started the thing.
Since then, almost all success has come in spite of getting the timing right. Skype,
Japan, China, were only survivable because of EBAY backing into the PayPal deal.
Absent PP's numbers, EBAY would have been gone in 2007. (Folks who read "The
PayPal Wars," know that the PP buy by EBAY was luck NOT skill.)
The "time" to build an AMZN was when Bezo's built it. NOT when JD tried to recreate
it on a platform that was built by peasantine garage-sale "merchants."
IF JD gets canned, and the BOD decides to bifurcate the collectibles-side of EBAY
from the BIG BOX side, card sellers will quickly find the equilibrium that seemed
to be there before 2006. If that does not happen, I expect at least one start-up
will take the lead and give collectible buyers/sellers a new place to prosper. >>
OMG . . .
///////////////////////
I know a little about Grove.
His notions of kill or be killed are right for start-ups, but are usually
not well implemented in mature companies. It is hard to have Grove-style
competition inside of a public company that has to meet quarters.
Even INTC has a MUCH more cooperative system than they did in Grove's
days.
EBAY is ALL ABOUT "internal cooperation." Many of the managers actually
believe that they are competing with their peers because they are encouraged
to "produce new ideas."
What those workers do NOT understand is that NONE of those ideas are
ever under serious consideration by the top-dog. NOT EVER.
Grove let folks win when their ideas were the best. EBAY simply refuses to
adopt anything that does not come from the top.
<< <i>Grove let folks win when their ideas were the best. EBAY simply refuses to adopt anything that does not come from the top. >>
Exactly. Grove fostered an environment that empowered employess, even lower level employees, to have an idea and a say about the direction of the company. Many of the early changes that Intel adopted were from non-management employees. Granted, things changed as the company grew, but the principles are effective and they do work.
Many top level execs have lost focus with the real world and spend more time trying to improve the quarterly numbers and cover their collective arses than they do about improving the company for the long term. Successful business MUST adapt and change, but the change MUST be for the long term health of the business (even if it hurts short term profits) and not borrow from the future as many seem to have been doing recently.
Successful Deals: tennesseebanker, jvette,
<< <i>To hell with 13 yr old collectors. Most are ripoffs or potential ripoffs anyway >>