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BillSafe Acquired By eBay

eBay goes from minority stake holder to owning the whole thing

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BillSafe Acquired By eBay
[ Business]

eBay announced that it has acquired BillSafe, a purchase-on-invoice technology provider. eBay will combine the technology with PayPal in Germany.

eBay has owned a minority stake in BillSafe since October 2010. Now it owns the whole thing.

eBay says BillSafe works with merchants of all sizes in Germany, where there are already over 15 million PayPal accounts. Purchase-on-invoice is the most popular form of payment in Germany, as well as in Austria, Switzerland, and the Netherlands, eBay says.

“German customers are extremely security-conscious, and they enjoy the convenience and safety of invoicing when they shop online. One of PayPal’s greatest assets is the security of our system, and we’re glad that we can now offer customers even more peace of mind with a payment method that they already know and prefer and that drives more sales for the merchants,” says Arnulf Keese, managing director of PayPal Germany. “Together with BillSAFE, we can offer even more choices to our customers – whether they prefer to pay with their bank accounts, their credit cards or now through purchase on invoice.”

“Purchase on invoice is an ideal addition to the payment options available with PayPal and makes it the most comprehensive service for consumers and merchants alike,” said Alexander Ey, managing director of BillSAFE. “Security-conscious shoppers can receive and inspect the merchandise they bought online before paying for their purchases. And merchants can sell to customers who were previously skeptical of buying online. It’s an ideal match.”

Terms of the deal were not disclosed. eBay says it doesn’t expect the acquisition to have a material impact on its financial guidance as issued in its Q3 earnings release.

BillSafe Acquired By eBay
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  • Philip Cohen

    Gee, is it the eBafia or PreyPal that is now licensed to supply credit?

    Dream on JD, or better still “Beam me up Scotty [Thompson].”

    “Study Sees PayPal Adoption Down Among Multi-Channel Merchants

    “Twenty-two percent of EPIS merchants who had accepted PayPal on their own websites and off-eBay stores in October 2010 stopped accepting PayPal as a payment method on those sites in October 2011.

    “There were 19% more merchants who accepted credit cards on their own websites and stores in October 2011 than in October 2010.”

    http://www.auctionbytes.com/cab/abn/y11/m11/i21/s02

    Even better, Visa is to launch its new online payments gateway “V.me” next year. The idea is similar to that offered by PayPal: you upload details of your payment cards to Visa—even if they’re not Visa-branded—and Visa will process the payment without revealing your card details to the merchant.

    At least off-eBay online merchants will at last be able to free themselves from the parasitic, most unprofessional, unscrupulous and “clunky” PreyPal. And, undoubtedly, PreyPal will then atrophy back to it’s mandated use on the eBafia marketplace only, from whence, without its mandated use thereon, PreyPal would never have had the success that it has had.

    But, be in no doubt, except for its mandated use on whatever will be by then left of the Donahoe-stagnated eBay Marketplace, the clunky PreyPal will elsewhere be quickly buried by Visa’s professional offering, “V.me”, once it is up and running in 2012.

    So, no more underpinning of eBay’s sagging bottom line by the clunky PreyPal. What will the “eBafia Don” do then? Maybe, if Mittless Romney wins the GOP nomination we can hope that he will pick as his running mate his fellow “Pain from Bain”, the headless turkey, John Donahoe. Donahoe’s nearing the completion of his destruction of the eBay marketplace and so he should soon be looking for an even bigger challenge.

    PayPal claims PayPal Is Not a Payments Processor!
    http://forums.auctionbytes.com/vbulletin/showthread.php?t=24148

    eBay / PayPal / Donahoe: Dead Men Walking.

  • http://www.city-portal.ro mike dolha

    i think it’s a good thing because it will provide even more trust that it already have.

  • Cheryl

    As far as saving when buying on eBay goes:

    Use a site like Ebuyersedge.com to set up saved searches. You get an e-mail whenever a matching item is listed. Especially good for “Buy It Now”s that are priced right.

    Try a misspelling search site like Typojoe.com to hopefully find some deals with items that have main keywords misspelled in the title. Other interested buyers might not ever see them.

    If you see an auction that you want to bid on, use a sniping service such as Bidball.com to bid for you. It’ll bid in the last few seconds, helping you to save money and avoid shill bidding.