PayPal has only ~1% of the world’s payments business

Bloomberg estimates that online commerce represents ~7% of total retail sales.

Notwithstanding the enormous amount of disingenuous noise that constantly emanates from the eBay Dept of Spin, it is estimated that “PreyPal” has only a little more than one percent (~1.1%) of the world’s total payments business (and even then much of its payers’ funds are sourced via MasterCard/Visa); MasterCard and Visa have ~90% of this business between them and Amex has another ~8%.

PayPal is a clunky middleman, in the main riding—precariously—and at the pleasure of the retail banks, on the backs of those retail banks’ existing payments systems.

Both MasterCard and Visa have recently launched their own professional mobile/plastic POS/online digital wallets: MasterCard's "MasterPass" and Visa's "V.me"; undoubtedly these two new professional entrants will ultimately bury most of the other middlemen payments pretenders—including, and particularly, the clunky "PreyPal" ...

Anyone that thinks that “PreyPal” has any chance of taking any further micro fractions of the payments market away from MasterCard/Visa, simply has to be living too long in the same Wonderland that eBay’s Johnny Ho and Alice have been visiting all too often …

The reality is that PayPal’s “best before” date is approaching …

eBay Inc, where the incompetent mingle with the malevolent and the outright criminal, and the just plain stupid ... http://bit.ly/11F2eas