Hewlett-Packard Co. (NYSE:HPQ) has begun to offer eBay, Inc.'s (NASDAQ:EBAY) PayPal electronic-payment service as an option for customers of its Home & Office store at www.hp.com. This is another example of, what I conside to be, the growing influence of electronic payment systems in this day and age of so much commerce being conducted via the Internet with no physical documents being used.In fact, I consider eBay's acquisition of PayPal in 2002 to be -- by far -- the most rousing success for the online auction company. Google, Inc.'s (NASDAQ:GOOG) recently launched Google Checkout service will have a hard time competing against such an entrenched competitor like PayPal, although Google's deep pockets may make Google Checkout more and more of a competitor as time goes on. With PayPal's rather-hefty fees, it needs a competitor badly. As always, having competition will reduce prices and force better innovation.
But now, PayPal is largely out in front of the electronic payments game, and this endorsement by HP proves that in a big way. I've always thought that most online major merchants could offer credit card acceptance along with checking account acceptance. That right there would comprise most of the payment methods consumers look for -- and there would be no middleman like PayPal to take a cut. But, consumers want as easy access as possible when "checking out," and with PayPal being so popular already, it's here to stay.
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Reader Comments (Page 3 of 3)
10-27-2006 @ 3:49PM
realsigh said...
http://www.fool.com/news/commentary/2006...
Fool on Call: The Power of eBay's Three
As part of The Motley Fool's mission to empower the individual investor, we offer Fool on Call, providing relevant analysis on company conference calls. This time, we'll examine the third-quarter conference call for eBay.
By Jeremy MacNealy
October 27, 2006
Motley Fool Stock Advisor selection eBay (Nasdaq: EBAY) recently released its third-quarter results to a round of applause from Wall Street. The Fool recently published a nice summary of its overall results, as well as a recap of the individual performances for each of its core businesses.
10-27-2006 @ 3:53PM
realsigh said...
Run Gary Run ...Run Gary Run LOL
http://www.youtube.com/watch?v=h-LEswjC0Vo
10-27-2006 @ 4:03PM
Ann lambert said...
Sigh
I post the "Ebay Three" the day before the Q3 report
the (anal-list) keep forgeting this company is mature and anchored in defending it's revenue.
10-27-2006 @ 5:05PM
Gary E. Sattler said...
..
U
10-27-2006 @ 7:49PM
realsigh said...
Michele you got pink slipped cause you are a well known activists on Ebay Private property. But you can protest here on the other side of the fence looking in :)
Good luck and Peace at Bidsville!
10-28-2006 @ 4:38AM
Space Cadet said...
MySpace the final frontier. These are the voyages of the good ship eBay..... Whoooshhh! It's 5 year mission to seek out new markets, new trading civilisations explore new opportunities. To boldly go where no eBay has gone before... Whoooosh!
10-28-2006 @ 2:14PM
Michele said...
Oh sigh... You finally did your research, ROFLMAO!!!
And no, I'm am not "pink slapped" indefinitely, as you would have people believe... You must not have done your research enough... Or are you not really an investor, but an eBay mole??
Makes one wonder, doesn't it???
I don't sell on BidVille, by the way...
I have my own website, would you like any pillows? I could make them special just for you!!!
I wonder why you are so angry and harsh with sellers here... I wonder what your TRUE agenda is... You come in, hammering the blog writers, Melly and Brian, when you first get here... Then you flip flop and start attacking anyone who has a different opinion from yours, except Fruity, which I believe is a ploy to gain some sort of support for whatever your agenda truly is... Well, it's not working...
I for one, on the advice of several bloggers am officially ignoring your posts and will only be answering and commenting to the actual articles written... For I don't really care what you think and am not here to dialogue with those of your kind... The slimy kind that sit in front of the computer all day, doing nothing of value...
My parting thought to you, whomever or whatever you are... Remember, the highway is dangerous, and I surely wouldn't want you to hurt yourself, so do be careful... Be oh so careful...
10-31-2006 @ 11:20AM
realsigh said...
Still waiting for Alex and Sara Trents retort to this....Yeah I thought so you didn't do your homework :)
Let's clarify some myths/misconceptions regarding Visa/MasterCard covering fraudulent transactions for online merchants and not Ebay. Looks like fraud is a big issue for everyone not just PayPal.
"While Visa and Mastercard will likely cover the cost of a fraudulent transaction at a traditional bricks-and-mortar retailer, online sellers typically have to eat the cost of that stolen merchandise, says Mike Orlando, CyberSource's director of strategic markets."
http://www.forbes.com/2006/10/30/visa-firstdata-ebay-ent-sales-cx_mf_1030fraud.html
11-01-2006 @ 5:06PM
Alex said...
Run Sigh Run, run for Joseph Goebbels impersonator of the year.
http://www.youtube.com/watch?v=0DlLK7aS8PE
How much of Ebay's advertising revenue does this negate?
btw: http://www.fraudwatchinternational.com/phishing/index.php (rather a high proportion of ebay/paypal phishing alerts eh?).
There's more!
http://www.fraudwatchinternational.com/ife/online-auction-fraud/
"Reduce the risk of Online Auctions by using credit cards for payment. This way the sellers get their money immediately, and buyers can dispute the charges if the merchandise was misrepresented or not delivered."