"PayPal Boosts Prices for U.S. Merchants to Maintain Growth"

Ho, Ho, Ho—it’s easy to see that the "Butcher From Bain", the cretinous Johnny Ho, is still calling the shots; this incompetent, narcissistic sociopath, having already spent the past eight years bringing the eBay marketplace virtually to its knees, is now going to apply those same skills to accelerate the clunky PayPal’s journey down the toilet—where it so rightly belongs anyway …

It has been suggested that the average discount fee for a MasterCard/Visa credit card merchant account is ~1% (the very big boys are probably paying ~0.5%). My experience in the past as a very, very small businessman, and having had credit card merchant accounts with two of the major Australian banks, I never paid more than a 1.9% discount fee—even for international transactions. "PreyPal" now wants a flat rate of 2.9–3.9% from their many "small" business customers, that is, any business too small to have a negotiated individual agreement …

Now that the world’s retail banks are finally offering similar, more professional, "digital wallet" services for online merchants—MasterCard’s "MasterPass" and Visa’s "Visa Checkout"—the clunky PayPal’s days are undoubtedly numbered with respect to those major online retailers that have hereto before been using PayPal’s online service but invariably have nevertheless also had a credit card merchant account with their real bank …

The reality is, outside of its mandated place on the ever-atrophying eBay marketplace, "PreyPal" is now the merchant account provider of last resort (as are the "pay day" lenders) for those very small merchants that don’t have the confidence of their own retail banker and therefore have to pay the higher fees that come with a poor credit rating. The larger online merchants don’t have this problem: they can hawk their business around the real banks to get a much better rate. Regardless, it seems that it’s about time those small businesses tested the water with their real bank …

Outside of PayPal’s effectively mandated place on the atrophying eBay marketplace—dream on Johnny Ho—you too Carl Icahn … http://bit.ly/1nSA1Zl

And, coincidently? …

"The same day sellers received bad news from PayPal, they got bad news from eBay - if they were considering turning to ProPay or Skrill (formerly Moneybookers) as an alternative to PayPal, that's no longer an option. As of September, eBay is banning those two PayPal rivals from its site."

http://www.ecommercebytes.com/C/blog/blog.pl?/comments/2015/8/1440760594.html

The "separation" of these two clunky, unscrupulous operations was never going to be other than nominal, and it would appear that the cretinous Johnny Ho has still got his digits firmly implanted in both pies; and, obviously, as the eBay marketplace continues to atrophy, it may become more and more difficult for eBay to supply that guarantee of 80% of its payments transactions being processed via "PreyPal"—LOL …

The reality is, neither of these two clunky, unscrupulous operators has any chance of any future growth … http://bit.ly/11F2eas