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The Dawn of Real Facebook eCommerce
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Facebook is set to begin testing an expansion of its Gift Shop, for third-party developers to begin selling items to users for Facebook’s virtual currency. The really interesting part about this is that these developers can sell physical merchandise, not just Facebook gifts.

PayPal Intros New Student Accounts

eBay-owned PayPal has launched a new way for teenagers to shop online with PayPal and in stores with the "Student Card," part of the "Student Account." The account comes with a number of capabilities for parental monitoring.

Features include:

Rumors Suggest Apple May Compete with PayPal
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Reports have "Wall Street Gossips" talking about Apple working on a "PayPal killer". This would be in the form of the iTunes store turning into a payment system.

There’s no telling how much truth there is to these rumors, but the world is going to need some more options when PayPal goes down, as it did last night, causing quite a stir across the web. PayPal apologized for this by way of the PayPal blog. SVP, Technology Scott Guilfoyle wrote:

Integrate PayPal With Your Own Apps

PayPal announced that it is opening an API to developers to allow them to embed PayPal’s payment system into their own apps and platforms. The company, a subsidiary of eBay, says this is the first global payment platform to open to third-party developers.

eBay Marketplace Down Significantly from Last Year
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eBay announced its second quarter results yesterday, and claims to have had a strong second quarter, slightly higher than expectations. Here are some of the numbers:

- Second quarter revenue was $2.10 Billion (a $97.7 million decrease year-over-year)

- Net income on a GAAP basis was $327.3 million ($0.25 per diluted share)

- Non-GAAP net income was $478.6 million ($0.37 per diluted share)

- eBay generated $730.7 million of operating cash flow during Q2 and free cash flow during the quarter was $602.3 million

Facebook Meets Google Checkout
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Back in May, it was reported that Facebook was going to begin testing a payments system. This inevitably led to discussion about how Facebook might be preparing to take on products like PayPal and Google Checkout.

Online Spending In The U.K. Set To Double
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Online spending in the U.K. is set to increase from $14.6 billion to as much as $34.9 billion in annual sales by the end of 2011, according to a new report by PayPal.

This 137 percent growth in online spending means consumers in 2011 will spend the equivalent of about $705 for every U.K. adult – more than doubling the current annual online spending.

Online Shoppers Wary Of High Shipping Costs

Close to half (45%) of online shoppers have abandoned their carts multiple times in the past three weeks due to high shipping costs, security concerns and lack of convenience, according to a new survey released by PayPal and conducted by comScore.

High shipping costs was the most commonly given reason for cart abandonment with the average cost of abandoning U.S. shopping carts reaching $109. The survey found that providing shipping costs upfront might have led to 40 percent to complete the purchase.

PayPal Wants You to Pay Your Friends for Favors
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PayPal has launched a new site called "Do Stuff For Money," which the company describes as a way to get people to do stuff…for money. Mind blowing isn’t it?

Why PayPal is Holding Onto Some eBay Sellers’ Money
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PayPal requires reserves for a percentage of sellers. That percentage is less than 1% according to the company. PayPal likens the reserves to a security deposit to cover future chargebacks and reversals.

Since PayPal began this practice, they have had a lot of questions about it from sellers, and hoping to clear up some confusion, Bill Clark, an analyst with PayPal’s risk team offered the following explanation on the PayPal Blog:

Facebook Begins Testing Payments System
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Facebook will reportedly begin testing a payments system in the coming weeks. This will start with a few developers, exploring ways for users to use Facebook credits with third-party apps on Facebook.

PayPal Introduces App for Google Android Phones

PayPal has introduced an app for Google’s Android today. The app gives PayPal users easy access to their accounts from Android Phones.

A post at the PayPal Blog lays out the features:

Steve Case’s PayPal Rival Gets Big Funding

Steve CaseRevolution Money is an online payment company owned by AOL co-founder Steve Case.

eBay CEO Speaks, Says Done Apologizing for Skype
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John DonahoeeBay held its 2009 Analyst Day today with CEO John Donahoe speaking on the company’s future. As anticipated, a great deal of focus was put on PayPal.

eBay Adds Half.com Inventory
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eBay announced today that starting in early May, inventory from Half.com will become available through eBay.com. The company says it is giving sellers an advance warning 60 days notice.

This could be a move to get people paying attention to the company’s other properties as eBay.com continues to be heavily criticized. They also recently announced more focus on their PayPal property.

eBay Puts PayPal in the Spotlight
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eBay is holding an annual analyst meeting on Wednesday March 11th. Highlighted at this meeting will be future plans for eBay’s PayPal business.

eBay Highlights Trusted Sellers (and Other Tidbits)
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Matt Olson from eBayeBay recently announced a change to product pages for books, music, movies, and video games last week – a change that will likely give sellers yet another reason to complain.

eBay Wants Its Sellers Back
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eBayEarly last year, eBay inflicted some damaging policy changes that sent many sellers running for the hills. Now, they apparently are changing the rules to remove negative comments left by customers towards the sellers.

eBay Sells Out Seller on No Checks Policy
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This ought to ruffle some feathers. An eBay seller forwarded an email they received from an eBay customer service rep. to Ina Steiner at AuctionBytes.

Some Think Google Should Go After eBay
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There is an interesting article at Seeking Alpha called "Why ‘GooBay’ Makes Sense." Obviously this is a "what if Google bought eBay?" piece, and feedback to the article thus far isn’t real keen on the idea, but there are some valid points throughout the article nevertheless.

eBay and PayPal Explain Item Holds
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Monroe Labouisse, the director of PayPal’s business on eBay in the US and Canada sat down with eBay’s chief Blogger Richard Brewer-Hay and sketched out this post explaining the policies behind eBay Item Holds.

An eBay Item Hold is when eBay asks PayPal to hold a payment in a seller’s PayPal account for up to 21 days. This occurs as a "buyer protection" when eBay believes the transaction is more likely than the average transaction to be fraudulent.