Mr Schulman is delusional, of course …

Firstly, Schulman has elsewhere suggested that he is prepared to work with Amazon. The likes of Amazon would not touch “PreyPal” with a forty-foot pole, Amazon runs its own payment system via a credit card merchant account, from which Amazon profits, with their own retail banker; and, funny, that’s the way the clunky “PreyPal” does most of its business, via a credit card merchant account with a real retail banker.

The reality is, now that the MasterCard “MasterPass” and “Visa Checkout” online options are available, PayPal’s “best by” date is now past. As far as mobile payments is concerned the clunky “PreyPal” never had any chance and one only has to look at their Home Depot experience to recognise that. Ultimately, the likes of Apple and Samsung, in partnership with the existing Amex/MasterCard/Visa NFC systems, will most probably divide up between them the mobile payments market.

The only future I see for the clunky “PreyPal” is as a payday lender and the merchant account services provider of last resort of for those very small merchants that do not have the confidence of their own retail banker.

Regardless, the reality is, both eBay and “PreyPal” are still effectively joined at the hip, and will be so joined for years to come—until they both ultimately slip beneath the waves.

Methinks Mr Schulman should talk to Amex about getting his old job back, but he’d better not leave it to long as Amex too may be starting to feel the pinch none too soon …

Goodbye clunky “PreyPal”, it has not been nice knowing you … http://bit.ly/1nSA1Zl