elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Fri Dec 30, 2011 9:02 am Post subject: eBay Inc. Acquires BillSAFE |
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SAN JOSE, Calif. & BERLIN--(BUSINESS WIRE)-- eBay Inc. (EBAY) today announced that it has acquired BillSAFE, a leading provider of purchase-on-invoice technology in Germany. The acquisition extends the companys leadership in payments by combining BILLSAFE with eBays PayPal, a global leader in online payments. The deal follows eBay Inc.s minority stake investment in the company in October 2010. eBay Inc. now owns 100 percent of the outstanding shares of BillSAFE. Terms of the deal were not disclosed.
By combining BillSAFE with PayPal, which serves more than 15 million accounts in Germany, PayPal believes the addition of BILLSAFE will provide a comprehensive payment service for merchants and consumers. BillSAFE works with merchants of all sizes in Germany, giving them a simple and secure way to let shoppers purchase using an invoice. Customers simply select the item they want to buy, and then they receive an invoice for payment after the item is received.
Purchase on invoice is the most popular form of payment in Germany, Austria, Switzerland and the Netherlands. In German e-commerce alone, 19.6 percent of payments were billed via invoice. According to the latest study on e-commerce by EuPD research, 84.8 percent of German online shoppers have already purchased on invoice.
http://seekingalpha.com/news-article/2113080-ebay-inc-acquires-billsafe |
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luckyalive
Joined: 27 Apr 2008
Posts: 590
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| Posted: Sun Jan 01, 2012 7:26 am Post subject: |
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| Yet all of PayPal's overseas payments are handled by ING, a Dutch banking giant. I wonder how a boycott of ING would be taken by eBay - i.e., if ING does not stop business with eBay then customers will start withdrawling their deposits. Something to think about ebay if you do not clean up your ways. |
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