eBay's Bill Me Later Loses Amazon Business

by: Karma

Ha ha .....
deserves them (ebay) right!

by: John

What goes around comes around. Frankly given our poor economic state of affairs I would think that a lot of business's will not allow BML on their sites. Last thing they need is a lot of buyers purchasing high end items and then not paying for them. So amazon doesn't take PP or BML on their site. Good to see a big business publicly staying away from PP perhaps it will catch on.

by: Mechelle

Amazon probably discontinued its use because of eBay Inc.'s new this year sharing personal account information throughout every aspect of the eBay corporation - eBay, paypal, stubhub, rent.com, kijiji, shopping.com, ...... everything AND any outside entity that eBay is considering doing business with in some capacity.  Maybe Amazon has more- rather actually respects its users as opposed to eBay's incessant exploitation of its users.

Or, Amazon might be savvy enough to realize eBay would likely use the service to attempt to hinder its growth.  Such as, not allowing Amazon users the opportunity to use the Bill me Later causing 1) obviously significantly reduces the possibility of a transaction, and 2) might sour a users Amazon experience if they are denied credit  

by: Whateverebay

About time. I am glad to know that Amazon wil continue to distance themselves from eBay. I am anxious to know the outcome of the lawsuit eBay filed against Craigslist.

by: steve

Ebay will benefit largely from this move. With people preferring to make deferred payments in a slumping economy, a service such as BML is an add-on. Amazon included BML initially due to the similar reasons as a payment type on it's website, however, I guess Amazon wants to alienate itself with anything related to Ebay.
Ebay still has the best prices for commodities, if not hte best shopping experience and a service such as BML will help boost high-end credit based item sales which fell out of the instant payment paypal solution initially. 2009 will be an interesting year to watch out for Ebay to integrate BML into it's payment system and to see how Amazon reacts back to it.

As of Amazon, I guess they will have to continue to innovate.....

by: eBay is Scum

ebay will be hurt greatly from this mover & good riddance. Pay back time. When the new adminstration comes in the ecomony of course will get better with the nitwit finally out of the white house. ebay is the worse shopping experience for both buyer & seller, changes the rules everyday, silly paranoid hidden rules and regulations, paypal is hated my most buyers etc. bye bye sleezebay. What ebay does will be wrong as history as shown. almost boring to watch ebay's demise.

by: Ming the Merciless

THE EBAY ANTHEMN

"Some people say a man is made out of mud. Well a poor man's made outta muscle and blood.

Muscle and blood and skin and bone..and a mind that's weak, but a back that's strong.

And he was born one morning when the sun didn't shine.

He picked up his shovel and he went to the mines. He loaded 16 tons of that number 9 coal 'til the straw boss said Well-uh b-less my soul!

You load 16 tons and whaddaya get??
Another day older and deeper in debt.

Saint Peter doncha call me 'cause
I can't go...

I owe my soul to the Company
Store.

So if you see The Ho coming..you better step aside.

A lot of men didn't and a lot of men died. He's got one fist of iron, and the other of steel.

And if the right one doesn't get you,
then the night one will..."

by: Patrick Alexander

Get ready for that sub $10 eBay stock....

Another bad acquisition, in the Skype tradition...


:0)

by: Daisy

As Ina mentioned, Paypal doesn't want Ebay to have access to any of Paypal's data and customer information. But I also wonder if Paypal wants to protects it's sellers and buyers from Ebay's predatory, bully-like tactics.

If it Ebay keeps on with it's arrogant, 'we know best' attitude toward doing business, the stock will continue to plunge and sellers will continue to flee and the buyers will follow.

by: beachy

What a great way for Amazon to start the New Year!  

They just saved their customers' personal information (including their banking & credit card info) from being shared by eBay's entire corporate family.

I'd be surprised if a lot more online retailers don't follow Amazon's lead.

by: beachy

Ina I've got a question for you.

If an eBay buyer uses Bill Me Later and subsequently files bankruptcy, will sellers get chargebacks?

Bill Me Later will probably claim the debt is secured BUT if the buyer says they no longer have the item financed, then the debt is unsecured & therefore discharged like any other debt.

I'm thinking that Bill Me Later can't issue a chargeback to sellers because the debt is discharged (therefore uncollectable) but could you please confirm this?

Thanks!

by: o.c.d.collectibles

Lets all hear it for destructive innovation! And Corporate fraud, a la "Madoff"!!! Happy New Year!

by: Daisy

Regarding beachy. If the buyer defaults on the BillMeLater loan, the seller should be protected. But knowing Ebay they'll find a way to pass the loss on to the seller. They're big enough scumbags to do that.

by: May

eBay management is bunch of extortion artists who will sell their soul to meet their quarterly projection and screw the customer in process.  

Remember the Chinese recording Skype conversations of their population to spy on them?  There is no privacy once you surrend your information to an eBay owned company.  Amazon did the right thing.  One thing is to cooperate with non-competing enterprise - but then BML was sold to feebay.

I am sure, Amazon does not want AMAZON's customers who purchased something on Amazon be bombarded by eBay marketplace offers because they surrendered their complete info, including their social security info to eBay owned company.  Simple and Smart move on Amazon's side.

by: beachy

Daisy - You must have read my mind.  eBay will probably find a way to issue a chargeback to sellers a la Paypal because if I understand it correctly Paypal is processing Bill Me Later.

by: Ebay's toast

This is funny! HA...eBay's largest customer DUMPS BML. Oh well,to those still selling on FeeBay get ready for another fee increase to pay for their latest billion $$$ disaster buy-out.

Bawhhahhhahahahahah!!!!

by: Duh!

With the mountains of credit cards out there, why do any of these companies even NEED a BML system? If folks don't have a credit card they can use for purchases they are either in credit card debt up to their eyeballs anyhow or the sane folks that pay for their purchases through their bank accounts. Amazon already has a system in place to use multiple kinds of payment options, why add another one? I suppose this BML is significant to somebody somewhere, but to me it was just one more thing ebay has been tinkering with instead of FIXING the breaks in their plumbing--such as a usable search.

by: Ebay's toast

BTW....know this:

If a customer buys your item and uses it for 30-60-90 days and THEN claims they can't pay guess who will get the SHAFT?!? You got it,Feebay and their evil twin Preypal will NOT go to bat for you and demand the buyer pay. No,they'll just tell them to return it and all will be forgotten. So you end up with an opened and used item you can no longer sell as new--you LOSE.

In the meantime those funds will be YANKED out of your PP account so fast your head will spin.

by: Ghost of 2008

Amazon obviously did that out of good business sense. Why line the pockets of the competition?

But as far as the BML purchase coupled with some or all of ebay's other practices & changes, let me see if I have this right...

They are shucking X% of paying buyers (who could pay NOW with checks & MOs) via the Paperless Payments policy and (hopefully) replacing them with new users that need to borrow funds to buy with? Is that correct?

Is BML more-less the electronic equivalent of those "fast cash advance" type places?

Meanwhile they are also actively steering the users OFF their own site and to the competitors (including Amazon, as we have seen) with the ads?

Brilliant!

Happy New Year!

by: Down in Rio

They should change the name to BILL ME NEVER or PAY ME LATER, 'cause that is what most of my eBay customers do since we lost our ability to leave negative feedback to buyers.