“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 is to launch its new online payments gateway “V.me” this 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—directly with your banker—without revealing your card details to the merchant. No card details are revealed, so the using of this “professional” system will reduce the risk of online credit card fraud on both payers and payees to virtually zero.

Off-eBay online merchants will be able to free themselves from the most unprofessional, parasitic, 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. Unfortunately, there is no relief in sight for on-eBay merchants.

But, be in no doubt that, except for its mandated use on whatever will be by then left of the Donahoe-atrophied eBay Marketplace, the clunky PreyPal will elsewhere be quickly buried by Visa’s professional online offering, “V.me”, once it is up and running this year. Thereafter, as eBay continues to sink lower and lower in the water, so will PreyPal.

And, as for PreyPal’s projected move into EFTPOS at B&M. Pure science fiction—“Beam me up Scotty [Thompson]”.

Then, there is that other little problem of corporate image: eBay and PreyPal have become the two most despised commercial entities on the planet.

So, no more underpinning of eBay’s sagging bottom line by the clunky PreyPal. What is the “eBafia Don” do now? 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.