eBay PayPal Merger
Growth in business comes from the joining of synergy to produce savings and necessarily growth, which lead to better profits. EBay is one of the greatest creations of the Internet in buying and selling, and it seems to be a continuously growing operation. The approach to the potential user is extremely friendly; the site gives good quality products which builds up the faith of the customers about the site, and there is regularly an interaction between the buyers and the sellers which also helps to a large extent in advertising the site. The user pays only a small fee for listing the product to be sold on the site and then a fee to be paid on completion of sales. It is possible to sell practically anything and everything on the site, from things like old cars to tickets for baseball games. The prices that can be realized depend on the consumer demand for the product. The objective of the site is to meet the miscellaneous requirements of the consumers and this is reflected in the fact that there are over 100 million items listed on the site at any given time. On the other side, pay Pal is a funding organization for the sales and purchase on the net through EBay. It was not a part of EBay, and the financial transactions could be done anywhere after the sales and purchase was completed at EBay. Now it is expected that both will be completed at EBay through the tie up with Pay Pal. EBay and Pay Pal have always been complementary operations, and the merger can only help both sites to grow.
There are many reasons that can be ascribed as contributing to the success of EBay. They have no warehouses or inventory adding to their expenses for storing the items. Everything that they sell exists only as entries on the Internet. Physically this may mean a certain amount of computer storage capacity. The operations of their computers are based on the latest programming. This enables them to track down every auction that is conducted. They check all the activity that goes on in the Internet regarding auctions and trading. This puts them in touch with all the buyers and sellers. This knowledge is used by them later in buying and selling of the goods that are given to them for selling. As mentioned earlier, the first step for anybody trying to sell through EBay is to fill out the readymade forms that are available on the computer. The forms are also available for helping potential buyers locate whatever they may want to buy. There are no fixed terms that everybody has to accept. The first step is for the auction to end. Then the buyer and the seller decide on the settlement of the deal regarding factors like payment terms, shipping method and location for shipping. All these records have to be stored on the site of EBay. This demonstrates to other buyers and sellers that they are reliable parties. The availability of this information on the site also helps EBay through more purchases and sales. (What is this hot Dot-Com business?)
Compared to this rather creative idea of creating a website for auction, Pay Pal is only a payment mechanism. They do not have as good a reputation. Once a person accepts the Terms of Service offered by Pay Pal, the person automatically waives all his rights under the credit card consumer protection laws. In the case of credit cards, the customer is allowed to charge back anything that he is not satisfied with, but this facility is not available under Pay Pal. The legality of this stance by Pay Pal is unknown, but this is imposed by Pay Pal, as per the statements made today. It has been claimed that Pay Pal does not disclose their telephone numbers, and only give out form e-mails for their clients to contact them. It has been stated by their representatives that they intentionally hide their phone numbers. To find out the number, the customer first has to click on the help at the top of their webpage, and then on "contact us" at the bottom left of the page that will appear. Then another page will appear and the customer has to click on "Customer support enquiries" near the middle of the page that appears. This leads one on to another page and there is a section on "Service Center" in the bottom...
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