Okay, so eBay Inc. (NASDAQ: EBAY) is about to start the webcast soon. You can see quick results here, more comprehensive ones here, and the company's own presentation here. So far so good, the stock is trading up in after market trading.
(All times are p.m. Eastern.)
4:55 I'm all ready, the headphones are on, I keep checking the after market trading and reading the results intermittently. The webcast should begin in a few minutes. Too bad about fourth quarter but good stuff on auction growth. PayPal revenue actually rose by over 40% this quarter. Part of the reason for the better profits is lower tax rate.
[[For some reason the webcast didn't work for me and it took me a while until I tracked down the phone number with Amey Stone's help.]]
5:09 Meg is speaking. Internationally GMV growth of 21%. Europe GMV growth accelerated. Asia the markets are competitive.
5:10 eBay Express - launched in Germany and the UK. Seems a success.
5:11 eBay Motors - also growing. Shopping.com is the #1 comparison site in US, UK, Australia.
5:13 PayPal - 24% of total revenue. $9.1 billion. Excellent quarter. The presentation is "marketing heavy." Meg is talking fast and tries to convince.
5:15 Skype - 26 million users now, growing daily. Users are using WiFi phones to make Skype calls.
5:17 Synergies -- Skype and PayPal. Expects to add synergies. She sees great promise. Testing the buttons in many markets and sellers are asking for more. It helps establishing buyer/seller trust. 20% of Skype users user PayPal.
5:19 Yahoo! and Google partnership. Testing with Yahoo! in early 07 they'll test Google text ads.
Now Bob Swan is talking about financials.
5:20 Acquisitions and weaker dollar added to bottom line. EPS strength due to higher interest income, lower tax rate, higher revenue growth.
5:22 Bob lists growth numbers. They all sound impressive, especially new users and GMV.
5:23 Seller activity - in the US Store listings declined and make 77% of all listings. Fewer store closures than originally anticipated. It's hard to tell going forward as new fees came to effect in September 21.
5:24 Internationally - Europe - some slowdown but in some markets are impressive. Asia - progress in face of tough competition. Korea - growing (really?). China - maintaining share (says that with effort). Australia - standout performance.
5:26 Shopping.com was strong. Marketplace is in better shape.
5:27 PayPal - 127 million accounts. 41% revenue growth. They're happy about PayPal. High penetration rates also in N.America. PPV growth of 27%.
5:28 Transaction expense at PayPal was down (nice).
5:29 Fraud management capabilities improve.
5:30 20% increase q/q in Skype, over 120% y/y. Free SkypeOut promotions were responsible for Skype strong growth.
5:31 Now Bob is going down the P&L statement. I'll bring the exact numbers later, but seems they're doing well. 18% growth in operating income.
5:33 Excellent cash flow over $530 million in Q3. Free cash flow also increased. Share repurchase - 24 million shares at $67 million. $3.8 billion of cash on BS.
5:35 27-28 cents EPS for Q4. $1.01-1.02 FY.
5:36 Business becoming more seasonal. They will be able to know better about Skype by next Q to give better guidance for 2007.
5:38 Summary - happy with Q3 results. And it's question time.
5:39 JPMorgan - next year guidance includes Yahoo!? Bob answers - yes. Second question - Asia - partnership? Joint venture. Meg - healthy growth in listings and GMV. Believes eBay's maintaining share but feels pretty good about where they are. They charge very low fees in China. PayPal and eBay are very close there, like in Korea, so they're looking at that. 3rd q - SkypeMe buttons. Meg - indications are positive. Higher conversion rates when buttons are used.
5:42 Lehman analyst asked a question about Skype in 2007. Meg - she cautiously optimistic and will give better guidance at end of Q4. Bob jumps in and says they'll expand product offering.
5:44 Deceleration in listings. Meg says they're still seeing the effect of fee changes. And the ad campaign, is it the same time, same effect? Meg - yes. Re testing with Yahoo! - what's going on there? Meg - eBay and Yahoo! are working well together (got disconnected, back on). Contextual ads are positive and non-cannibalizing. Graphical ads in Motors and it looks good. Bob - couple more months of testing. They're going to be cautious the ads won't detract from shopping experience. Tests will run until January ? - yes. Skype - how would you monetize users? Meg - variety of incremental revenue streams. Will bring to market in first part of 2007.
5:49 Stifel Nikolaus: GMV growth - what drove it? eBay Express, shopping. com? Meg - rebalancing efforts had a disproportionate effect on that. Nothing in the quarter that was unique in these categories.
5:50 Morgan Stanley Mary Meeker - Skype growth, PayPal, Yahoo! breakdown for 2007. Bob - they weren't sure they should give 2007 guidance but wanted to be transparent. They will give more insight after holiday season. The want to get more insight themselves first.
Stock repurchase - how much of what you could do, you did. Bob - they were opportunistic about the repurchase, especially at today's level.
Meg - PayPal integration onto Yahoo! is very important for 2007
5:55 Anthony Noto, Goldman Sachs - who are the intended users for eBay express (missed the first part of question).
Bob - better operations after the quarter. Decent acceleration going forward.
Meg - eBay Express - the focus will be around getting eBay users.
Anthony - Pay per call. Meg - will see more in 2007.
5:58 Credit Suisse - more about the success of eBay Express. Meg - existing consumers seem to spend more on eBay Express rather than new users but too early to tell.
5:59 UBS about classified and fixed price. Meg - very satisfied with classified. Rolling out similar programs in classifieds. Fixed price - no target. They're going where buyer is taking them.
6:01 Justin Post Merrill Lynch - GMV growth, and Skype - revenue per user going forward. Meg - eBay is aspiring to grow faster than other ecommerce. Rebalancing marketplace and revitalize auction, advertising campaign. Re-accelerate GMV growth in largest markets. Re Skype - development of echosystem and growth of new active users are main points. Revenue per user isn't the focus for 2007 (why not?). Bob is adding about tailored shopping experience, they would look at new categories to expand that.
6:04 Mark Mahaney Citygroup - are you worried about mixed messages between eBay and eBay Express especially later with IT campaign. Meg - trying to introduce core users to Express. IT is the umbrella she is saying and laughing. It is important for people to understand the difference.
6:06 Missed who's asking but it's about China the first part, second about shopping.com. Meg - China - reiterating that they're seeing good GMV growth in a highly competitive market. We ARE committed to China in the long term (phew). Shopping.com is different than other ecommerce site - innovation is what is driving shopping.com great results.
eBay shares are up 61 cents in after hours trading, or 2.14% to $28.49.
And that was that!
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Reader Comments (Page 10 of 10)
10-23-2006 @ 1:27PM
realsigh said...
Thanks Melly for the confirmation.
10-23-2006 @ 1:52PM
Ann Lambert said...
Gary
I am glad to be a help to your cause, my cause
(wink wink)
By the time you have accomplished your goals (lawsiut), I will have optimized mine.. 100% return @
10 % increments,
remember!! I am a trader of this company stock.
10-23-2006 @ 2:14PM
Gary E. Sattler said...
Enjoy Ann!
I only seek the truth.
If you prosper from it, that's the American way and I applaud you.
Melly , congratulations to all of you at Blogging Stocks on your great success! I've been tracking your growth curve, I'm duly impressed.
I see a very bright future for Blogging Stocks.
Very bright indeed.
Take Care!
..
U
10-24-2006 @ 3:33AM
Gary E. Sattler said...
Perhaps sigh has an explanation for this?
This just came in today. Perhaps it can be validated with the referenced television station.
QUOTE:
EBAY CHARGED ME $4.80 for a 0.35 LISTING 285 TIMES!!!!!!!
lanXXXXXer68 (46816 ) View Listings | Report Oct-23-06 07:27 PDT
...July 22nd to July 24th ebay charged me 4.80 per listing when the cost should have only been .35 and .40. This charge was done on over 285 of my listings. This was in JULY!!! And as of today, OCTOBER 23, they STILL HAVE NOT ISSUED any sort of Credit to my account. I have contacted my rep numerous times and still no resolution! How is it that eBay is so quick to TAKE MY MONEY straight out of my Banking account every month, yet neglect to credit the 1265.00 that they owe me! It is a Pathetic sight and if eBay had a place to record feedback on their wrongdoings, it would be filled with NEGATIVES! When I try to find a Phone number direct to accounting, it is harder than dealing with paypal. Anyone got a direct phone number to the accounting department as my eBay rep apparently has been promoted and not working on this any more, He has put me off on some Newbie who is cluelees when dealing with this matter and now they are saying I have to start from scratch! It is a Travesty! Any suggestions will be very helpful!
Thanks,
(signature)
AKA (ebay user ID)
6 replies Date posted Reply #
laXXXXXker68 (46816 ) View Listings | Report Oct-23-06 07:27 PDT 1 of 6
As an added note. I just got off the phone with my eBay rep. He says that it has escalated way above him and there is nothing he can do at this point. He also said it has happened to 100s of you other eBayers out there. I suggest that you go over your invoices with a fine tooth comb. Not only that, but after 3 MONTHS he says that it could still be much longer before they give back the money they wrongfully took from me. I have also contacted the channel 5 news team here in Georgia. I have a cut and dry case and look so forward to pursuing this. Have also posted this info on myspace. FAIR WARNING TO ALL YOU REPUTABLE EBAYERS! CHECK YOUR INVOICES FOR THIS SCAM! He also said he could not give me a direct number to accounting. I asked him several times, but he just said he could not do it. What kind of business will not allow you access to phone numbers to contact them direct? Sounds a little shady to me. Ebay is out there making Billions, yet they keep giving me the runaround over a measley 1265.00. What is that all about?! SELLERS BEWARE!
END QUOTE
This email appears to be from a powerseller with over 46,000 feedback. This is a seller who is (I think) still doing business on eBay.
Does this seller have a right to be angry now?
Do the investors have need for concern?
Is something odd going on at eBay?
Can you help this guy out sigh?
..
~
10-24-2006 @ 9:20AM
realsigh said...
Dear Gary,
My sympathies to the power seller for being tossed around like salad from the likes of EBAY. The said seller has several options he can pursue:
1) If the seller is terribly unhappy with EBAY's lack of responsiveness and services, he is free to go elsewhere to enhance his quality of life.
I know when I encounter poor service/product from any organization, I simply leave and never return. Fired my former Broker. Fired my former Banker. Fired my local restaurant and dry cleaners.
2) Now if the EBAY has broken their contract terms agreed with the Seller, I would suggest the Seller take EBAY to small claims court.
3) Now if the said Seller is unwilling to execute on the above mentioned action items and the sole purpose is to exact revenge and punish ebay then it would be wise to bandy all your betherens into one united voice by hiring a savvy PR firm or Lawyer. Surely a contribution of $5 from each the 1000's of unhappy sellers is money well spent for your cause.
In the meantime, from an investment perspective I will hold on to my ebay certificates and ride this investment bus all the way to my fair market calculations of minimum $46.
Like any independant thinking savvy investor, should one sense any redflags which puts their investment at risk, they will surely click that sell button before eminent collaspe.
Melly was that better? :)
10-24-2006 @ 12:29PM
Gary E. Sattler said...
Thank you sigh for adopting a more businesslike tone.
You and I both know that the matters which need to be addressed will see little progress in the courts. You may drop that suggestion. For now, it's just not going to happen on more than a limited scale. That is why the patriots have chosen a more proactive approach. We shall have the matter tried by the court of public opinion.
Our efforts are rightly feeble for now, after all, you can't assemble a worldwide voice in just 60 days.
Do you remember every movie you ever watched which depicted an avalanche? It always starts with a few loose pieces of gravel tap tap tapping down the mountainside.
I am the gravel.
Here's your avalanche:
Be it known by those here present that the many and affected populace of that entity known as eBay do hereby declare themselves to be a sovereign governing power existing rightfully and by protection of law within the virtual confines of that entity known as eBay.
We hereby demand full redress of grievances in immediate fashion from the host site eBay and shall employ every and all means lawfully available to accomplish such corrective measures as we deem sufficient.
We occupy this cyber environment known as eBay by right of historical performance and by truth in fact. We will not be displaced without due compensation for the infrastructure we have created by our toil and funds. We shall demand that such compensation as we deem appropriate, in our judgement, be rendered viable by the courts of the United States of America with whom we declare alliance.
In as much as no legal precedent exists for such declared action of rebellion, we hereby request that this matter be fully and expeditiously brought forward to the United States Supreme Court that it may be examined for it's validity, and with due consideration of all underlying issues, both legal and ethical, until such time as the court can render decision.
We shall not relent. We shall no longer be ignored.
We assume legally protected stance against the current eBay administration and demand they immediately and completely remove themsleves from position of power so the vested interests of the stock holders may be returned to their proper valuation and further increased by those who hold the power to do so.
In pursuit of our just goal we shall each and all seek to make every living soul upon this planet fully aware of the truth and fact regarding the egregious wrongs committed by the eBay administration upon their populace. We shall not be dissuaded.
Every United States Postmaster shall be informed.
Every National News wire service shall be informed.
Every radio station shall be informed.
Every television station shall be informed.
Every newspaper and business publication shall be informed.
Every member of the United States Congress and Senate shall be informed.
Every state and local chamber of commerce shall be informed.
Every State Attorney General shall be informed.
Every Governor of all the Fifty States shall be informed.
Every judge, every postal worker, every teacher, every business person will be properly and legally provided full disclosure of the facts as they relate to our treatment as individuals and the planned and deliberate destruction of our vast and varied business operations within that entity known as eBay.
Any and all individuals with whom we make contact shall be clearly informed of the honest facts regarding the manner in which power has been arbitrarily and unjustifiably applied against honest citizens of this country and others to the expense of our lives, health, economy and safety.
It is by right of the common good of humanity that we undertake this task. It is without regard for personal gain or position. We do what we must in furtherance of the noblest goal, that being the preservation of human dignity.
We hereby take sanctuary within the protections provided by the United States Constitution and any or all of the constitutions of the Fifty States, our Possessions and our brother nations of Australia, Canada and the United Kingdom.
We hereby accept the immediate application of any and all protections afforded by the afore referenced documents which may be appropriate, viable or worthy of consideration in light of this legal and valid declaration of rebellion.
It is our solemn promise that unless these matters herein described are met by a full, complete and willing surrender of power in perpetuity by the current eBay administration, and the drafting of charter to accomplish the transformation of eBay to a publicly held corporation is undertaken, we shall employ any and all legal means available to us to see eBay brought before the court of public opinion. It is our right. It is our duty. It is our goal.
By my own right, as proxy for and with permission of the Ebay Community at large, we hereby declare formal revolution, legal, economic and complete, against the current administration of eBay and their corporate subsidiaries.
August 29, 2006
The eBay Community
10-24-2006 @ 12:36PM
Gary E. Sattler said...
For those members of the press who wish to gain a view of the foregoing discussion from the perspective at the very top of the eBay food chain, you may solicit the following individuals for their opinions.
Philippe Bourguignon age 56, has served as director of eBay since December 1999. Mr. Bourguignon will become Vice Chairman of Revolution Resorts, a division of Revolution LLC, in January 2006. He was the Chairman of Aegis Media France, a media communications and market research company, in 2004-2005. From September 2003 to March 2004, Mr. Bourguignon was Co-Chief Executive Officer of The World Economic Forum (The DAVOS Forum). From August 2003 to October 2003, Mr. Bourguignon served as Managing Director of The World Economic Forum. From April 1997 to January 2003, Mr. Bourguignon served as Chairman of the Board of Club Mediterranee S.A., a resort operator. Prior to his appointment at Club Mediterranee S.A., Mr. Bourguignon was Chief Executive Officer of Euro Disney S.A., the parent company of Disneyland Paris, from 1993, and Executive Vice President of The Walt Disney Company (Europe) S.A., from October 1996. Mr. Bourguignon was named President of Euro Disney in 1992, a post he held through April 1993. He joined The Walt Disney Company in 1988 as head of Real Estate development. Mr. Bourguignon holds a Masters Degree in Economics at the University of Aix-en-Provence and holds a post-graduate diploma from the Institut d'Administration des Enterprises (IAE) in Paris.
Margaret C. Whitman serves eBay as President and Chief Executive Officer. She has served in that capacity since February 1998 and as a director since March 1998. From January 1997 to February 1998, she was General Manager of the Preschool Division of Hasbro Inc., a toy company. From February 1995 to December 1996, Ms. Whitman was employed by FTD, Inc., a floral products company, most recently as President, Chief Executive Officer and a director. From October 1992 to February 1995, Ms. Whitman was employed by The Stride Rite Corporation, a footwear company, in various capacities, including President, Stride Rite Children's Group and Executive Vice President, Product Development, Marketing & Merchandising, Keds Division. From May 1989 to October 1992, Ms. Whitman was employed by The Walt Disney Company, an entertainment company, most recently as Senior Vice President, Marketing, Disney Consumer Products. Before joining Disney, Ms. Whitman was at Bain & Co., a consulting firm, most recently as a Vice President. Ms. Whitman also serves on the board of directors of The Procter & Gamble Company, Gap Inc. and DreamWorks Animation SKG, Inc. Ms. Whitman holds an A.B. degree in Economics from Princeton University and an M.B.A. degree from the Harvard Business School.
Thomas J. Tierney has served as a director of eBay since March 2003. Mr. Tierney is the founder of The Bridgespan Group, a non-profit consulting firm serving the non-profit sector, and has been its Chairman of the Board since late 1999. Prior to founding Bridgespan, Mr. Tierney served as Chief Executive Officer of Bain & Company, a consulting firm, from June 1992 to January 2000. Mr. Tierney holds a B.A. degree in Economics from the University of California at Davis and an M.B.A. degree with distinction from the Harvard Business School. Mr. Tierney is the co-author of a book about organization and strategy called Aligning the Stars.
back to top
Directors Continuing in Office Until the 2008 Annual Meeting
Scott D. Cook has served as a director of eBay since June 1998. Mr. Cook is the founder of Intuit Inc., a financial software developer. Mr. Cook has been a director of Intuit since March 1984 and is currently Chairman of the Executive Committee of the Board of Intuit. From March 1993 to July 1998, Mr. Cook served as Chairman of the Board of Intuit. From March 1984 to April 1994, Mr. Cook served as President and Chief Executive Officer of Intuit. Mr. Cook also serves on the board of directors of The Procter & Gamble Company. Mr. Cook holds a B.A. degree in Economics and Mathematics from the University of Southern California and an M.B.A. degree from the Harvard Business School.
Robert C. Kagle has served as a director of eBay since June 1997. Mr. Kagle has been a Member of Benchmark Capital, the General Partner of Benchmark Capital Partners, L.P. and Benchmark Founders' Fund, L.P., since its founding in May 1995. Mr. Kagle also has been a General Partner of Technology Venture Investors since January 1984. Mr. Kagle also serves on the board of directors of E-LOAN, Inc. and ZipRealty, Inc. Mr. Kagle holds a B.S. degree in Electrical and Mechanical Engineering from the General Motors Institute (renamed Kettering University in January 1998) and an M.B.A. degree from the Stanford Graduate School of Business.
Fred D. Anderson has served as a director of eBay since July 2003. Mr. Anderson has been a Managing Director of Elevation Partners, a private equity firm focused on the media and entertainment industry since July 2004. From March 1996 to June 2004, Mr. Anderson served as Executive Vice President and Chief Financial Officer of Apple Computer, Inc., a manufacturer of personal computers and related software. Prior to joining Apple, Mr. Anderson was Corporate Vice President and Chief Financial Officer of Automatic Data Processing, Inc., an electronic transaction processing firm, from August 1992 to March 1996. Mr. Anderson also serves on the board of directors of Apple Computer, Inc. and E.piphany, Inc. Mr. Anderson holds a B.A. degree from Whittier College and an M.B.A. from the University of California, Los Angeles.
Edward W. Barnholt has served as a director of eBay since April 2005. Mr. Barnholt served as President and Chief Executive Officer of Agilent Technologies, Inc. from May 1999 until March 2005, and served as Chairman of the Board of Agilent from November 2002 until March 2005. Before being named Agilent's Chief Executive Officer, Mr. Barnholt served as Executive Vice President and General Manager of Hewlett-Packard Company's Measurement Organization from 1998 to 1999. From 1990 to 1998, he served as General Manager of Hewlett-Packard Company's Test and Measurement Organization. He was elected a Senior Vice President of Hewlett-Packard Company in 1993 and an Executive Vice President in 1996. Mr. Barnholt also serves on the board of directors of KLA-Tencor Corporation. Mr. Barnholt holds a bachelor's degree and a master's degree in electrical engineering from Stanford University.
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Directors Continuing in Office Until the 2009 Annual Meeting
Richard T. Schlosberg III has served as a director of eBay since March 2004. From May 1999 to January 2004, Mr. Schlosberg served as President and Chief Executive Officer of the David & Lucile Packard Foundation, a private family foundation. Prior to joining the foundation, Mr. Schlosberg was Executive Vice President of The Times Mirror Company and publisher and Chief Executive Officer of the Los Angeles Times. Prior to that, he served in the same role at the Denver Post. Mr. Schlosberg serves on the board of directors of Edison International, and is also a national board member of the Smithsonian Institution and the National Air and Space museum, a member of the USO World Board of Govenors, and a trustee of Pomona College. Mr. Schlosberg is a graduate of the United States Air Force Academy, and holds an M.B.A. degree from the Harvard Business School.
Dawn G. Lepore has served as a director of eBay since December 1999. Ms. Lepore has served as Chief Executive Officer and Chairman of the Board of drugstore.com, inc., a leading online provider of health, beauty, vision, and pharmacy solutions, since October 2004. From August 2003 to October 2004, Ms. Lepore served as Vice Chairman of Technology, Active Trader, Operations, Business Strategy, and Administration for the Charles Schwab Corporation and Charles Schwab & Co, Inc., a financial holding company. Prior to this appointment, she held various positions with the Charles Schwab Corporation including: Vice Chairman of Technology, Operations, Business Strategy, and Administration from May 2003 to August 2003; Vice Chairman of Technology, Operations, and Administration from March 2002 to May 2003; Vice Chairman of Technology and Administration from November 2001 to March 2002; and Vice Chairman and Chief Information Officer from July 1999 to November 2001. She also serves on the board of directors of Catalyst, a research and advisory organization working to expand opportunities for women in business, and as a trustee of Smith College. Ms. Lepore holds a B.A. degree from Smith College.
Pierre M. Omidyar founded eBay as a sole proprietorship in September 1995. He has been a director and Chairman of the Board since eBay's incorporation in May 1996 and also served as its Chief Executive Officer, Chief Financial Officer and President from inception to February 1998, November 1997 and August 1996, respectively. Prior to founding eBay, Mr. Omidyar was a developer services engineer at General Magic, a mobile communication platform company from December 1994 to July 1996. Mr. Omidyar co-founded Ink Development Corp. (later renamed eShop) in May 1991 and served as a software engineer there from May 1991 to September 1994. Prior to co-founding Ink, Mr. Omidyar was a developer for Claris, a subsidiary of Apple Computer, and for other Macintosh-oriented software development companies. Mr. Omidyar is currently Chairman and CEO of Omidyar Network. He also serves on Board of Trustees of Tufts University, The Santa Fe Institute, and as a director of several private companies. Mr. Omidyar holds a B.S. degree in Computer Science from Tufts University.
Bill Ford has served as a director of eBay since July, 2005. Mr. Ford is the Chairman and CEO of Ford Motor Company where his focus has been on improving quality, lowering costs and delivering new products to customers. Mr. Ford was named CEO of Ford Motor Company on October 30, 2001. He has been a member of the company's board since 1988, was elected chairman in September 1998 and took office on January 1, 1999. He also serves as chairman of the board's Environmental and Public Policy Committee and as a member of the Finance Committee. Bill joined Ford Motor Company in 1979 as a product planning analyst, and held positions within manufacturing, sales, marketing, product development and finance as he rose through the organization. Mr. Ford serves as Vice Chairman of The Detroit Lions, Inc. and Chairman of the Board of Trustees of The Henry Ford. He is also a Vice Chairman of Detroit Renaissance and a Trustee of Princeton University.
I am assuming this is the most up-to-date listing of the "leadership" of eBay...and we're dealing with some high powered individuals. However, I'd like to think that they are also reasonable business people, and since NONE OF THEM ARE eBAYERS, they may only know what they're being told by the dynamic duo.
I think we start a campaign to these people listed on the board of directors. As in any well-planned program, these are the people that CAN possibly bring some sense and reality back to eBay.
Long shot? Who knows...but we have absolutely, totally nothing to lose!!!!! (The author has) been involved in many boards and believe me, board members are always the first ones you want to reach out to....and in my experience, they are usually stunned when they hear the REAL story...
10-24-2006 @ 12:45PM
realsigh said...
Run Gary Run! Gary for President!
Go getem boy :)
10-24-2006 @ 12:54PM
Gary E. Sattler said...
Now this scares me.
Why would Paypal even offer the option of opening a multiple user portal into your personal banking information from THEIR END when we all know that you can just give your passwords to anyone you wish to ask to act as proxy?
THIS IS DANGEROUS!!! We have seen that Paypal takes no responsibility for the assets or privacy of individuals.
THIS NEEDS TO BE STOPPED NOW!!!
QUOTE: (From Paypal)
Based on feedback received from members of the PayPal community, we’ve added a Permission to Speak option, so you can give additional users permission to speak on your behalf. Once you give users the ability to discuss your account, you can have them call us, instead of calling yourself.
In the past, PayPal was required to have the account holder on the phone prior to discussing account specific information. Now with a few simple changes to your account profile, you can give someone else the ability to discuss your account specific information including transactions and complaints.
How to Use This Feature
To add a user to your Business PayPal account and grant them various permissions:
Log in to your account at https://www.paypal.com.
Click the Profile subtab.
Click the Multi-User Access link in the Account Information column.
Click Add User.
Give the user permission to access your account by providing their full name, a User ID, and a password.
The user will use this User ID in the email address field and this password when logging in to your account.
Specify the Multi-User Access for this account by selecting privileges.
Select Discuss Account with Customer Service (along with other privileges you wish them to have)
Click Save.
Click Accept to agree to the “Permission to Speak” terms.
Please Note: You may be prompted to add an administrator email if you have not already done so. If a secondary user is given Edit Profile access, View Profile will be selected automatically. Also, when you select Discuss Account with Customer Service, View Balance, View Profile, and Edit Profile also are selected automatically.
Sincerely,
PayPal Business Support
P.S. Visit the Online Merchant Network at www.onlinemerchantnetwork.com, where PayPal merchants and experts share advice and get answers.
END QUOTE
THIS MUST BE STOPPED NOW!!!
10-24-2006 @ 12:57PM
Melly said...
Sorry guys, I'm going to have to close this thread. See you in the next one :)
10-24-2006 @ 2:20PM
realsigh said...
Gary psssst...me thinks the Board is in cahoots with the Management Team. Contingency plan..target the SEC.