Alistair's Feed
Mar 21, 2013

Visa has no plans for digital wallet fee at this point: executive

SAN FRANCISCO (Reuters) – Visa Inc has no plans to implement a “digital wallet” fee at this point, Jim McCarthy, global head of product at the payment network, said on Thursday.

The comment came amid concern Visa might follow MasterCard Inc’s recent move to impose a new fee on operators of digital wallets, such as PayPal, owned by eBay Inc.

Mar 21, 2013

Visa has no plans for digital wallet fee at this point -exec

SAN FRANCISCO, March 21 (Reuters) – Visa Inc has no
plans to implement a “digital wallet” fee at this point, Jim
McCarthy, global head of product at the payment network, said on
Thursday.

The comment came amid concern Visa might follow MasterCard
Inc’s recent move to impose a new fee on operators of
digital wallets, such as PayPal, owned by eBay Inc.

Mar 20, 2013

Visa CEO calls digital wallet fee on PayPal ‘appropriate’

SAN FRANCISCO, March 20 (Reuters) – Visa Inc Chief
Executive Charlie Scharf suggested on Wednesday that the payment
network may impose a fee on digital wallet operators like
PayPal, following rival MasterCard Inc.

MasterCard said earlier this year that it plans a new fee
for digital wallet operators starting in June.

Mar 19, 2013

EBay goes after Amazon with fee changes for sellers

SAN FRANCISCO, March 19 (Reuters) – EBay Inc said
on Tuesday it will overhaul fees for sellers on its online
marketplace, stepping up competition with Amazon.com Inc
.

EBay is scrapping its complex, tiered set of “final value
fees,” calculated as a percentage of an item’s sale price, and
introducing flat-rate fees based on product categories.

Mar 18, 2013

EBay hit as ‘gloves come off’ over PayPal digital wallet fee

SAN FRANCISCO, March 18 (Reuters) – EBay Inc shares
hit a new low for 2013 on Monday as concern mounted about the
impact of a new “digital wallet” fee on the company’s PayPal
business.

MasterCard Inc, one of the largest payment networks,
said earlier this year that it plans a new fee for digital
wallet operators like PayPal starting in June.

Mar 18, 2013

Analysis: Amazon’s sellers unhappy about fee hikes, eye rivals

SAN FRANCISCO (Reuters) – A brewing conflict between Amazon.com Inc and its merchants over fee hikes could benefit rival eBay Inc, and provide an opening for Wal-Mart Stores Inc and Google Inc, which are just getting into the space.

Amazon’s online bazaar generates margins many times higher than traditional retail as the company takes a cut of every sale on its site made by a merchant, known as a third-party seller, and charges extra fees for handling logistics.

Mar 18, 2013

Amazon’s sellers unhappy about fee hikes, eye rivals

SAN FRANCISCO, March 18 (Reuters) – A brewing conflict
between Amazon.com Inc (AMZN.O: Quote, Profile, Research) and its merchants over fee hikes
could benefit rival eBay Inc (EBAY.O: Quote, Profile, Research), and provide an opening
for Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) and Google Inc (GOOG.O: Quote, Profile, Research), which
are just getting into the space.

Amazon’s online bazaar generates margins many times higher
than traditional retail as the company takes a cut of every sale
on its site made by a merchant, known as a third-party seller,
and charges extra fees for handling logistics.

Mar 13, 2013
via MediaFile

PayPal’s mobile, physical retail efforts gain steam

PayPal efforts to process more mobile payments  Рonline and in the real world Рare gaining steam.

Almost a year ago, the company unveiled PayPal Here, a small triangular device that plugs into smartphones to let small merchants accept credit and debit cards. The launch put PayPal in direct competition with start-up Square Inc and was a coming out party of sorts for David Marcus, the new president of PayPal.

Mar 13, 2013

Amazon cuts price of largest Kindle Fire tablet

SAN FRANCISCO (Reuters) – Amazon.com Inc said on Wednesday it cut the price of its largest Kindle Fire tablet, part of an effort by the world’s biggest Internet retailer to get the device into the hands of as many consumers as possible.

The Kindle Fire HD 8.9 inch Wi-Fi tablet will now be priced at $269 in the United States, down from $299. The 4G wireless version now starts at $399, compared with $499 before, Amazon said.

Mar 13, 2013

EBay study questions value of Google’s main ad service

SAN FRANCISCO (Reuters) – EBay Inc, operator of one of the largest online marketplaces, questioned the value of Google Inc’s main advertising service in a recent study.

EBay, one of the biggest Internet advertisers, released a study on Friday examining whether the paid search ads it bought on Google and that show up to the right of search results were worth the investment.