Ebay, which separated from PayPal in 2015, plans to ditch it entirely. By 2020, Ebay says, most of its transactions will be handled by Adyen, a Netherlands-based payment processor. PayPal will remain a checkout option until at least 2023.
The announcement surprised some investors, who expected the companies to announce an extension to their operating agreement. PayPal has played an integral role in processing payments on EBay for 15 years and offers credit products that help EBay shoppers buy more goods.
PayPal has always been hostile to sellers, who feel forced into accepting it because it's where the customers are, because it lets them avoid the headache of merchant credit card services, and because it doesn't send W2s. Ebay, on the other hand, is the internet capital of technical debt, with the digital equivalent of lead paint peeling through every layer of latex applied atop it. But times are changing!
A Charleston man was charged with fraud this week [justice.gov] after investigators unraveled an elaborate scheme to take control of IP addresses. More than 750,000 were snagged, reports the BBC, then sold on. The US Department of Justice claims that Mr Golestan “fraudulently” won control of the net addresses by using many different shell companies. […]
Uber’s future prospects depend on doubling fares and halving drivers’ pay, or replacing them all with self-driving cars that won’t exist for years. What could go wrong? Experts are hitting the brakes on Uber’s trading debut. The ride-hailing company’s highly anticipated initial public offering failed to impress investors on Friday, with the stock pricing at […]
In this interesting post from 2015—getting a viral second wind—Alex Danco offers a model to understand how the “middle ground” of interest in things is fading. That’s the normal distribution, the traditional bell curve that suggests the best place to make your business is at a middle optimum of scale and interest, like so: Instead, […]
With the quick-fix appeal of video games and their own cell phones, it can be tough to keep kids focused on supposedly “educational” toys. And while it may seem counter-intuitive to fight tech with more tech, we’re all in when it comes to the Toybox 3D Printer. We’re not sure if anyone had envisioned a […]
Whether you’re an artist, designer or just organizing a photo album, photo editing software is a must. And software designers know it: Platforms like Photoshop and Lightroom have a ton of helpful features, but you’ll pay for them in spades. Luckily, there’s some competition in the photo editing arena. Right now, Skylum’s Luminar software is […]
Who needs a holiday sale? Sometimes there’s no better time than the thick of summer to find deals. We should know – we’ve found ten deep discounts on some must-have items. Whether you’re searching for CBD edibles, exercise gear, chargers or other tech, take a look. But don’t look long – these prices aren’t likely […]