eBay Stocks Drop Amid Network Fee Threat

MasterCard’s suggestion may come as part of a larger plan by the major U.S. networks to tax PayPal and others for “rid[ing] for free” on the rails of the established networks.

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“Payment networks are taking the gloves off,” Bill Carcache and Brian Nowak, analysts at Nomura Equity Research, wrote in a note to investors on Monday. “The incumbents will do everything in their power to prevent PayPal from riding on their rails without extracting a toll.”

Ebay’s stock value sat at $51.10 at close on Tuesday.

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