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David Marcus Named PayPal President At eBay

To lead PayPal with a “founder’s perspective”

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David Marcus Named PayPal President At eBay
[ Business]

PayPal has a new President, and his name is David Marcus. He’s been with the company since last year. He came over when PayPal acquired Zong, and became PayPal’s VP of Mobile.

eBay CEO John Donahoe writes on the PayPal Blog:

I’ve picked David Marcus as the new president of PayPal and I couldn’t be more thrilled. David’s just the right leader for PayPal. For more than 15 years, he’s been a successful technology entrepreneur with a passion for great products that both engage and delight customers.

He’s going to lead PayPal with that “founder’s perspective,” to bring start-up energy to PayPal’s unmatched global reach and digital payment capabilities. With David at the helm, we will have an even deeper commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company. We’ll continue to focus on accelerating product innovation, driving consumer engagement and creating a world where paying anytime, anywhere and any way is synonymous with PayPal.

David has made his mark since joining PayPal as VP of mobile when we acquired Zong last year. He’s worked closely with the entire PayPal leadership team to drive mobile to unparalleled new heights. We’re going close this year with more than $7 billion in mobile payment volume. And David’s helping inject new innovation — most recently with PayPal Here. PayPal Here is PayPal’s first global physical product and free app that turns any iPhone, and soon Android smartphone, into a comprehensive mobile payment solution.

Marcus takes the presidential reins at a time when PayPal is going in bold new directions, including competition with Square with its new PayPal Here product, as well as its new Digital Wallet.

As Donahoe notes, PayPal is making its way into retail stores as well. Home Depot recently rolled out PayPal in about 2,000 stores, and more retailers will follow.

Last year PayPal processed $118 billion from over 100 million users in 190 countries. The company processed $4 billion in mobile payments.

David Marcus Named PayPal President At eBay
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  • Dariusz

    Paypal is criminal racketing organization. Last week paypal froze over $9729.29 (my customer’s money) on my pay-pal account for 180 days. They did it without any reasons. My company has 100% positive feedback, Gold Power Seller and Top Rated Seller on E-bay. I spoke to Jamie Hodges (Risk Analyst) and she said I did absolutely nothing wrong but this is business decision. I can not believe it !!!
    I can not refund my customers money or ship merchandise. Jamie Hodges said they will keep my $9729.29 as a security deposit !!!!!
    She said paypal will keep my money and I have to ship the merchandise or refund my customers from my own pocket.
    I wanted to cancel the paypal account and it is also impossible. My customers are very upset because they think I have their money. I understand them because they paid. Now I have some merchandise which I am able to ship but I am not going to do so because I did not receive money.
    Since April 20, 2012 I lost at least $12000.00 in sales and my e-bay business is in jeopardy.
    Regards,
    Darius Lachowicz
    Ampolex
    1243 E. Baldwin Lane, suite #114
    Palatine, IL 60074
    Tel. 773-501-4199

  • Bernadette

    Last July I paid for a group activity. It was cancelled and when I asked for my refund from the group they told me I had to go through Paypal. I’ve called 10-12 times for info on withdrawing funds and received a different answer every time I called. I even wrote to the President of Paypal to no avail.

    Does anyone know if the Better Business Bureau is aware of this?