Well, the Ho has to keep buying companies so that he can destroy them: he at least looks as though he is doing something that way … Sheesh!

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

And Visa’s “V.me” is on the way, too. Halleluiah, there will be a better life for all after the clunky PreyPal finally sinks to the bottom of the ocean, along with its ugly mother, the rusting old hulk “eBay”. (I’m wondering, which one do you think will hit the sandy bottom first?)

“Visa launches PayPal competitor V.me with developer community to back it up”

http://venturebeat.com/2011/11/16/visa-launches-paypal-competitor-with-developer-community-to-back-it-up/

All the details of the coming PreyPal killer on the V.me site at: https://www.v.me/

Goodnight clunky PreyPal, your days—at least outside of whatever will ultimately be left of the Donahoe-devastated eBay Marketplace—are finally numbered …

Generally speaking, the card companies are simply transaction aggregators for their partner banks, and Visa’s V.me is simply a more sophisticated extension of their existing service designed to better suit online activity: you will be able to pay with any major credit/debit card, including Visa, MasterCard, American Express, and Discover.

Ultimately V.me may not be any cheaper for merchants than PreyPal for “on-credit” purchases but they at least conduct their transaction processing directly with the payer bank concerned (you’ll get an immediate, firm acceptance or rejection of the transaction as you do with an online card transaction—no clunky PreyPal surprise reversal the following day after you have already dispatched the goods), and, if something does go wrong, the system offers a professional transaction mediation process for on-credit transactions. …

Enron / eBay / PayPal / Donahoe: Dead Men Walking.