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Apple, Paypal Talks Over Apple Pay Soured Due to Samsung Deal

This story almost has overtones of Verizon when Jobs was looking for a carrier.

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dlmart2 said:
It seems like they double rape you. You get hit with Ebay fees and Paypal fees and its the same company. :mad:
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But two difference services. eBay fee is for selling on eBay. Paypal fee is for processing payment. Paypal has to give some of that back to Visa/MC. They keep the difference. Their business model is as a payment processor. 3% for an individual not making a lot of transactions is not unreasonable in that market.

eBay is spinning off Paypal though so you won't have to be mad anymore. It will be two fees, two difference companies.

Maybe that will lead to eBay certifying other payment processors. That's what is what is really needed. End Paypal's monopoly.
 
A lot of people aren't getting how pay works questioning if it won't take off in Europe???

We've adapted to a lot of card changes over the past decade with chip and pin becoming the standard 10 years ago Pay is just another version of contactless which is already in wide use across europe. I use it in McDonalds SDtarbucks costa the post office. It's great anything under £20 I just put my card on it and I'm done. The London underground can also take contactless payments now so we are extremely primed for pay

The acceptance of pay is simply a system update at the head office of whatever company wants to take it if the equipment is already in place. A few years ago master card and visa were accepted everywhere in the UK but AMEX wasn't as widely accepted but now more places take it and that was just a change at a company's HQ

Contactless payment is contactless payment. Google Wallet, contactless cards and pay are all just versions of it and stores won't need to be one or the other once they have the readers at till points they can accept any of them when they decide too.
For the consumer it will become 'just put your phone here' any NFC phone you use
 
hagar said:
I don't see them as competitors, but rather complementary. Can I open a web shop and accept worldwide payments with apple pay? Nope.

I'm absolutely not convinced apple pay will be a success. Especially in europe, it doesn't make a chance.
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Actually you can. If you allow payments by debit/credit cards then users who have Apple pay can pay via Apple pay.
 
I read first, today, that eBay & PayPal have announced official breakup coming 2015...now it all makes sense, the heads of the companies are not getting along, time to split up. But, PayPal doesn't need eBay anyway. This could be bad for eBay. I personally have been moving more towards Amazon for stuff I used to get on eBay.

In any case, once people begin using Apple Pay, I seriously doubt any competition will beat it, in fact, I don't see why Apple couldn't, eventually, make Apple Pay work w/android, if it can be done as securely as iOS. That will be bad for PayPal. IDK, I think PayPal screwed up (or the guy that made the samsung deal).

...We shall see how things look over the next couple years, could be very different shopping in 2016.
 
Just as there are multiple mobile operating systems, and multiple credit cards, there can be multiple digital payment services.

I think it's far better that PayPal and Apple Pay remain completely separate and indeed, in competition, for everyone concerned.
 
In addition to allowing users to make purchases in retail stores with their phones, Apple Pay also lets users buy items in support apps using a debit or credit card connected with an iTunes account. PayPal works in a very similar way, letting users attach a credit or debit card and then make purchases through the service, alleviating the need to enter credit card details.
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But with one big difference: almost everyone with an iPhone is already going to have an account (iTunes/iCloud) with a credit card attached. And it is already on their phone, ready to use. But not everyone will have a PayPal account, that's another account with another company they need to set up and maintain and for a lot of people, that's a barrier.
 
ggibson913 said:
This is exactly why NFC payments will never hit the ground in the US. I hate to say this but not everyone buys an iPhone so for Apple to attempt to "lock up" a technology, will kill it for everyone, including Apple. Come one google, work your magic and show em how it's done.
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What magic? Not everyone buys a Google phone, either.
 
Chupa Chupa said:
... Maybe that will lead to eBay certifying other payment processors. ...
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If eBay knows what's good for them, they'll certify Apple Pay.
Come to think of it, Apple Pay may be a major reason for the PayPal spinoff.
eBay wouldn't want to do anything to jeopardize any possible Apple Pay deal.

On the other hand, PayPal's revenue from eBay is only about 25% of their total.
(I heard that on the radio this morning, not sure about the accuracy.)
 
rGiskard said:
Yeah, ebay fees are rapacious at this point. I used to sell high volume on ebay, but the fees forced me out. They would have made more off me if they had kept the same sliding fee schedule in which fees were far lower on high priced items.

10% on $4000 Mac Pro sale. That was the last time I gave ebay any money. Greedy SOBs is what they are.
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They're probably learning what 10% of $0 is with all of the people they've pissed off. If my last resort on selling an item is eBay, I just keep it.
 
I kind of liked David Marcus's (former chief of Paypal) position better: Make Paypal work with all platforms (or payment ecosystems).
... and negotiate in good faith when dealing with apple - they can get vindictive.

.
 
Can't believe I'm saying thanks to Samsung.. Apple and PayPal would have been a huge let down. I absolutely hate PayPal, so I'm glad Apple and PayPal did not ink a deal.
 
benji888 said:
I read first, today, that eBay & PayPal have announced official breakup coming 2015...now it all makes sense, the heads of the companies are not getting along, time to split up. But, PayPal doesn't need eBay anyway. This could be bad for eBay. I personally have been moving more towards Amazon for stuff I used to get on eBay.

In any case, once people begin using Apple Pay, I seriously doubt any competition will beat it, in fact, I don't see why Apple couldn't, eventually, make Apple Pay work w/android, if it can be done as securely as iOS. That will be bad for PayPal. IDK, I think PayPal screwed up (or the guy that made the samsung deal).

...We shall see how things look over the next couple years, could be very different shopping in 2016.
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It's not even a deal with Google and Android. It's a deal with Samsung. That's the problem with the logic. It's just one player in the greater Android ecosystem.
 
Macboy Pro said:
Might not want to exclude Paypal and Samsung devices altogether, otherwise Apple Pay will wilt and die eventually. Paypal is the king of payment processing, whether you like them or not.
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I agree, its like Apple cut off its nose to spite its face. They want to control all payments? Give users more options, like Paypal and let the phone and OS do the talking
 
I don't really care if Paypal is not included with Apple Pay. It's not a bad nor good piece of business by Apple.
People are saying eBay is missed? Well, if Apple is really fast on their heels, they should start negotiating and help bringing Alibaba to the US, and make Apple Pay one of their payment option and Apple will also get the Apple Pay to China, though I don't think Alibaba is going to let that happen for cheap.
 
Macboy Pro said:
Might not want to exclude Paypal and Samsung devices altogether, otherwise Apple Pay will wilt and die eventually. Paypal is the king of payment processing, whether you like them or not.
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Visa, MasterCard and American Express are the kings.
 
goodbye paypal and their ceo (bribed by samsung)..

oh btw, goodbye ebay..

hello craiglist and :apple:pay
 
Thank god for small mercies...!! Good thing Apple kept them away... This is one thing I'll thank Samsung for... Lol...
 
On one hand, variety is good.

On the other, PayPal is as close to a necessary evil as any company I interact with. Buying and selling on eBay, they're the only game in town. And when passing money to an international contractor with little friction and relatively low costs, there's very little that can compete.

But the simple fact that they have become the payment method of choice for scammers, surpassing forged checks, tells me all I need to know about how arbitrary and callous they are with fraud claims.

Try listing a computer for sale on Craigslist--within a few hours, you'll have gotten five offers from someone out of your area offering to pay at least what you're asking for it, probably more, and have you either ship it to them or have a lackey pick it up for them locally. A few years ago, these people would all offer to pay with a check (which of course would be forged, and they'd be gone by the time your bank figured it out). Now, every single one of them offers to pay with PayPal.

They know that once you've shipped the item to them, they can reverse the transaction on PayPal, and since it wasn't through eBay you as the seller have absolutely no recourse whatsoever. PayPal certainly could care less, just like they have no qualms about shuttering accounts seemingly at random--I have seen a disturbing number of artist websites I frequent that accept payments or donations via PayPal announce one day they had PayPal kill their account without warning or recourse.
 
tdale said:
I agree, its like Apple cut off its nose to spite its face. They want to control all payments? Give users more options, like Paypal and let the phone and OS do the talking
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How many middlemen are needed in between you and a transaction? iTunes/AppStore payments have been around for awhile and have been a great success by any and all accounts.

It's not like Apple is entering into some market it had no previous experience in before. I'll be killing off PayPal as soon as ApplePay is up and running maybe even before that. No need to have so many middlemen in between a transaction.
 
vomhorizon said:
I wouldn't be surprised if Samsung decides to make a bid for Paypal and enter the world of online payments ;) A way for them to distinguish there products from the dozens of other android phones with NFC and google wallet.
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People will be so happy if Samsung has access to all their credit card details.
 
Makosuke said:
On one hand, variety is good.

On the other, PayPal is as close to a necessary evil as any company I interact with. Buying and selling on eBay, they're the only game in town. And when passing money to an international contractor with little friction and relatively low costs, there's very little that can compete.

But the simple fact that they have become the payment method of choice for scammers, surpassing forged checks, tells me all I need to know about how arbitrary and callous they are with fraud claims.

Try listing a computer for sale on Craigslist--within a few hours, you'll have gotten five offers from someone out of your area offering to pay at least what you're asking for it, probably more, and have you either ship it to them or have a lackey pick it up for them locally. A few years ago, these people would all offer to pay with a check (which of course would be forged, and they'd be gone by the time your bank figured it out). Now, every single one of them offers to pay with PayPal.

They know that once you've shipped the item to them, they can reverse the transaction on PayPal, and since it wasn't through eBay you as the seller have absolutely no recourse whatsoever. PayPal certainly could care less, just like they have no qualms about shuttering accounts seemingly at random--I have seen a disturbing number of artist websites I frequent that accept payments or donations via PayPal announce one day they had PayPal kill their account without warning or recourse.
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This is an excellent point that people don't realize. People also need to realize that Apple isn't new to payment systems. One just has to look at AppStore, AppleStore and iTunes.
 
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