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Re: OT! OT! --- E-bay fee change -- OT! OT! Cross posted with HP group.


 

<Sure... but how does this account thingy increases their revenue?>

Are you talking about the switch from PayPal being the escrow agent to
Ebay doing that themselves or are you talking about the fact that E-bay now
wants to link to your bank account?

The answer to the first should be obvious, Ebay, not PayPal, will now
have the use of the funds while they are in escrow and will also get the
fees collected. Cha-Ching!

The second; while Ebay being linked to everyone's bank accounts may not
directly produce revenue for them, it will eliminate any possible loss to
Ebay in the event of non-paying bidders or items being returned or claimed
as damages in shipping, or not delivered or not as described, etc. Ebay is
going to suck the money out of someone else's account with or without their
knowledge or consent, just like PayPal did.

Nothing here is really new except that Ebay has stepped into the shoes
that PayPal used to occupy. Effectively, they changed the name, but the
game is the same.

Ebay made billions when it sold off PayPal. I'm just wondering how long
before E-bay places their NEW payment service into a separate part of the
company and then sells off that division. Is there anyone here that doesn't
understand the idom of "Rinse and Repeat!"?

This reminds me of the scene of Burt Reynolds movie .The Longest Yard'.
In it the Prison convicts are playing football against the Prison guards
and things are getting rough and one guard is particulary agreesive and
always charges trhough defensive line and *smashes* the quarterbark. Burt's
character comes up with a plan, the defensive line directly in front of the
guard opens up and lets him have an open field to the quarterback (Burt's
character). But Burt is ready for him and throws the ball at him HARD and
it smacks him directly in the nuts! Both sides reform their line while the
guard wonders around in a painfilled haze. Burt then says to his team
'Hey, it worked the first time so let's do it again!". They all laugh and
of course, they make the exact same play and the guard gets it where it
hurts the most all over again. After that he's *out* of the game!

I kind of feel that we the Ebay sellers (and consumers in general) are
getting the same abusive treatment (right in our financial nuts!) over and
over from Ebay and other greedy companies. Cable companies and ISPs are
among the worst! They charge you for high price services but then don't
deliver the promised performnce, then when everyone gets fed up with them
and their business declines, they change their name, advertise heavily to
regain custimers and do it all over again. Bright House/ Spectrum, are you
listening?

On Wed, Apr 28, 2021 at 4:53 AM Martin <musaeum@...> wrote:

On 28. Apr 2021, at 06:26, - <rrrr6789@... <mailto:
rrrr6789@...>> wrote:
One word? Greed!
Sure... but how does this account thingy increases their revenue?

What a difference does it make compared to the process in place today
(using my credit card)? I'm just talking about the transits between Ebay
and my account, not the rest which of course is greed...

cheers
Martin





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