October 20, 2005

Ebay bans other payment processors, only PayPal is allowed.

eBay has revised its policies to only allow one online payment service, PayPal. This comes after speculation that Google is preparing a payment service. So far the reaction among eBay users has been mixed.
we should have seen this coming. in case you didn't get a chance to flip through the "Ebay Aquisition of Skype" Powerpoint, here's a link: http://investor.ebay.com/downloads/050912ebay.pdf

gives a good idea about what was on their mind during the $2.6 billion acquisition. more info available on their web site.

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