Exactly. That’s why PayPal will be a distant memory by 2020.
Your comments are void of content and make no sense.
I've never heard anyone complain about PayPal until this article? Everyone I know uses it and has no complaints. Now all the sudden is hated and doomed??? Keep smoking that stuff.
Instead of reading about how @N had his $50,000 twitter name stole because of Paypal, we might be reading about Tim Cook telling us how Apple lost it's gazillion dollar company because of Paypal.
I wish Apple could even take it a step further and compete with Square and Paypal directly. By this I mean they could allow users to accept Apple payments on their websites. Allow us to create buttons, shopping carts, the whole works. What would even be better is if Apple could compete on the price they charge in transaction fees. When Google Checkout first started they offered a price of only 2.2% compared to Paypal charging a fee of 2.9% but then not many months later Google suddenly went to 2.9% just like Paypal. If Apple could offer an alternative payment system and charge lower than 2.9% they would get a lot of people to switch their website stores to them from Paypal or Google since those fees add up very fast.
Square charges slightly less for swiped transactions - 2.75% - and large businesses get even better rates. If I remember correctly, at one time they offered a flat rate of $275/month for volumes over $10,000 although this has probably changed.
Buying eBay is too much at $68b. It wouldn't benefit Apple to do that. If they spun off Paypal, it could be under half that.
Buying Paypal would generate a big problem for Apple: to support or not to support other platforms?
Paypal is a neutral service (works on any platform) and restricting to Apple products would literally destroy Paypal and create a duplicate of iTunes (loss of money and image, rise of google wallet as alternative neutral payment service). The other option would be to maintain a neutral service, supporting any other platform (android, windows phone, web, ...), but it would be the first time that Apple sells a service/software not related to its hardware.
Much better to extend its existing iTunes platform, in order to allow merchants to provide "pay with iTunes" buttons on their websites and even in their physical stores.
Square charges slightly less for swiped transactions - 2.75% - and large businesses get even better rates. If I remember correctly, at one time they offered a flat rate of $275/month for volumes over $10,000 although this has probably changed.
Paypal also offers discounts after your first $3000. I posted their fee rate before but here it is again. Paypal has a monthly fee if you want to take orders by telephone but for swiping it is free and uses this chart. You can enter cards manually with iPhone app or they also have a swipe device you plug into the iPhone headphone port
Buying Paypal would generate a big problem for Apple: to support or not to support other platforms?
I see what you’re saying, but I’m not sure why that’s a problem. I don’t want them to buy PayPal–I don’t think they need it at all–but buying it and killing support for everyone else doesn’t sound like an issue to me.
Much better to extend its existing iTunes platform, in order to allow merchants to provide "pay with iTunes" buttons on their websites and even in their physical stores.
Buying Paypal would generate a big problem for Apple: to support or not to support other platforms?
Paypal is a neutral service (works on any platform) and restricting to Apple products would literally destroy Paypal and create a duplicate of iTunes (loss of money and image, rise of google wallet as alternative neutral payment service). The other option would be to maintain a neutral service, supporting any other platform (android, windows phone, web, ...), but it would be the first time that Apple sells a service/software not related to its hardware.
Much better to extend its existing iTunes platform, in order to allow merchants to provide "pay with iTunes" buttons on their websites and even in their physical stores.
Most people using Paypal simply sign in from checkout whether on their computer web browser or phone or tablet browser and pay. So even if Apple bought it that would likely still be platform agnostic. People don't need an Android or Windows phone app to pay with Paypal or use it at all. All you need for Paypal is an email account and either a CC or bank account. There is very little reason to ever open the Paypal app on any phone unless you are a seller swiping or entering a card. In those cases Apple would prefer you to use their hardware for that. But for buyers it will not be an issue.
Why not? PayPal has been in the payments game for a long time..makes sense a partnership of some kind could happen.
Of course PayPal is looking at the over 500 MILLION credit cards and customers that Apple has who are willing to buy lots of things and salivating over getting a piece of this pie.
But why should Apple want to share the profits?
Apple already has been managing sales of apps, movies, music, and equipment through customer's iTunes account. Apple already has the skills to do what PayPal is doing, and do it more cleanly through credit cards.
As Tim Cook and Steve Jobs said: Apple does the whole widget. Those who work with Apple are on the supply-side of the equation - such as the sapphire company in Arizona that Apple is investing in.
What is there in PayPal that would interest Apple? Particularly since PayPal charges fairly high rates - higher than credit card companies? Nothing.
I've never heard anyone complain about PayPal until this article?
Why is this a question? Either way, it's irrelevant to the topic at hand except to point out your lack of awareness is not a requirement for existence.
Everyone I know uses it and has no complaints. Now all the sudden is hated and doomed??? Keep smoking that stuff.
Many people I know have never had issues but many I do know have had issues, including myself. I still use the service when I have to (for lack of a better option) but I've been screwed by them in the past… and so have lots of other people. Searching "paypal problems" on Google brings these up as the first two hits…
I've found adequate solutions to protect myself from their practices which includes making sure if I'm lending money to a friend knowing that once the lender has issued the refund back to me via PayPal it will take about 2 weeks before that money will finally be out of PayPal's hands earning interest and back in my bank account working for me.
[QUOTE]On January 30, 2014, the US Patent & Trademark Office published a major patent application from Apple that reveals a new financial Systems Integration System. Apple's invention relates to financing integration with an e-commerce marketplace, and more specifically, the present technology relates to a Financing Systems Integration system that allows customers to shop-and-checkout using a Loan ID. Apple currently has a treasure trove of inventions relating to a future iWallet system but this is a new beast all together. The patent filing illustrates that Apple is investigating the whole financial matrix and not just the electronic wallet side of the equation. Apple's patent dives into creating a system to handle all sorts of loans, from student loans to Business-to-Business loans and everything in between. Our report provides you with an overview of this massive system along with a wide array of patent figures presenting multiple flowcharts for varying loan scenarios. In one part, Apple's financial system almost hints of one day bypassing the credit card system entirely.[/QUOTE]
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Good points; but it's rather simple to me...when Apple stock goes down, that's a gift....buy!
Of course they want to "partner with Apple"... the thing is, PayPal needs Apple more than Apple needs PayPal... In fact, Apple doesn't "need" PayPal at all! This is comical... Apple will completely eat their lunch! Apple will monopolize the entire online payment space. Because as we all know, Android device users don't use their devices to purchase on line goods...
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Yep, I've been pounding this message for awhile now. And add to that a larger cash/asset horde that AAPL has.
AAPL is priced as a VALUE stock...so why, oh why does the stock drop because the voracious appetite of earnings GROWTH are not met in guidance?! I'm not upset, just baffled by all the ridiculousness of posters who fan the flames that AAPL's low share price is actually justified.
As far as Wall Street is concerned, Google has already passed Apple in market cap. Apple is seen as a washed up company under Tim Cook's leadership (or lack thereof). Wall Street's trend is to push Apple into irrelevance now that Steve Jobs is long dead. There hasn't been one thing that Tim Cook has been able to do to increase ownership or boost shareholder value. Everything Apple does only pushes the stock down that much further. Google is practically destined to pass Apple this year with target prices as high as $1500 a share. Apple's target prices will only get revised down further to below $500. Apple has become a real stinker of an investment no matter what Tim Cook tries to do. Don't you see that at all? In 2012, Apple was being claimed to be the first trillion dollar market cap stock.
Wall Street is now betting on Google to be the first trillion dollar market cap company because Apple messed up so badly in the smartphone market due to Android overwhelming them completely. Everyone believes Android is the most dominant force in tech and Google can do everything. Meanwhile Apple is looked upon as a tech company failure merely biding its time to collapse in a heap. Wall Street hates Tim Cook and Apple because the company can't get anything right. They won't use their reserve cash and they deliberately throw away market share to everyone and never directly compete with anyone. A company can't give everything away to rivals and expect to survive. I'd say it's likely Apple will burn all of its shareholders, go private and keep any excess cash for itself. For almost a year and a half Apple stock has become completely toxic and Apple's management couldn't care less. That's not a company any sane person would put money into.
Wall Street is insane and so are many people writing over internet. Many of the Apple's innovations have been understood ... at first!
Nowadays there is the "Steve Jobs is dead" mantra but the point is that most of the Steve's people ( Cook included) are there. Wall Street is a b1tch and nothing is wrong with Apple at the moment.
Comments
I've never heard anyone complain about PayPal until this article? Everyone I know uses it and has no complaints. Now all the sudden is hated and doomed??? Keep smoking that stuff.
And that doesn’t mean people haven’t complained.
Glad to hear that you know the entire planet.
Come off it.
Instead of reading about how @N had his $50,000 twitter name stole because of Paypal, we might be reading about Tim Cook telling us how Apple lost it's gazillion dollar company because of Paypal.
I wish Apple could even take it a step further and compete with Square and Paypal directly. By this I mean they could allow users to accept Apple payments on their websites. Allow us to create buttons, shopping carts, the whole works. What would even be better is if Apple could compete on the price they charge in transaction fees. When Google Checkout first started they offered a price of only 2.2% compared to Paypal charging a fee of 2.9% but then not many months later Google suddenly went to 2.9% just like Paypal. If Apple could offer an alternative payment system and charge lower than 2.9% they would get a lot of people to switch their website stores to them from Paypal or Google since those fees add up very fast.
Square charges slightly less for swiped transactions - 2.75% - and large businesses get even better rates. If I remember correctly, at one time they offered a flat rate of $275/month for volumes over $10,000 although this has probably changed.
Buying Paypal would generate a big problem for Apple: to support or not to support other platforms?
Paypal is a neutral service (works on any platform) and restricting to Apple products would literally destroy Paypal and create a duplicate of iTunes (loss of money and image, rise of google wallet as alternative neutral payment service). The other option would be to maintain a neutral service, supporting any other platform (android, windows phone, web, ...), but it would be the first time that Apple sells a service/software not related to its hardware.
Much better to extend its existing iTunes platform, in order to allow merchants to provide "pay with iTunes" buttons on their websites and even in their physical stores.
Square charges slightly less for swiped transactions - 2.75% - and large businesses get even better rates. If I remember correctly, at one time they offered a flat rate of $275/month for volumes over $10,000 although this has probably changed.
Paypal also offers discounts after your first $3000. I posted their fee rate before but here it is again. Paypal has a monthly fee if you want to take orders by telephone but for swiping it is free and uses this chart. You can enter cards manually with iPhone app or they also have a swipe device you plug into the iPhone headphone port
N/M
I see what you’re saying, but I’m not sure why that’s a problem. I don’t want them to buy PayPal–I don’t think they need it at all–but buying it and killing support for everyone else doesn’t sound like an issue to me.
I like this.
Buying Paypal would generate a big problem for Apple: to support or not to support other platforms?
Paypal is a neutral service (works on any platform) and restricting to Apple products would literally destroy Paypal and create a duplicate of iTunes (loss of money and image, rise of google wallet as alternative neutral payment service). The other option would be to maintain a neutral service, supporting any other platform (android, windows phone, web, ...), but it would be the first time that Apple sells a service/software not related to its hardware.
Much better to extend its existing iTunes platform, in order to allow merchants to provide "pay with iTunes" buttons on their websites and even in their physical stores.
Most people using Paypal simply sign in from checkout whether on their computer web browser or phone or tablet browser and pay. So even if Apple bought it that would likely still be platform agnostic. People don't need an Android or Windows phone app to pay with Paypal or use it at all. All you need for Paypal is an email account and either a CC or bank account. There is very little reason to ever open the Paypal app on any phone unless you are a seller swiping or entering a card. In those cases Apple would prefer you to use their hardware for that. But for buyers it will not be an issue.
Why not? PayPal has been in the payments game for a long time..makes sense a partnership of some kind could happen.
Of course PayPal is looking at the over 500 MILLION credit cards and customers that Apple has who are willing to buy lots of things and salivating over getting a piece of this pie.
But why should Apple want to share the profits?
Apple already has been managing sales of apps, movies, music, and equipment through customer's iTunes account. Apple already has the skills to do what PayPal is doing, and do it more cleanly through credit cards.
As Tim Cook and Steve Jobs said: Apple does the whole widget. Those who work with Apple are on the supply-side of the equation - such as the sapphire company in Arizona that Apple is investing in.
What is there in PayPal that would interest Apple? Particularly since PayPal charges fairly high rates - higher than credit card companies? Nothing.
Why is this a question? Either way, it's irrelevant to the topic at hand except to point out your lack of awareness is not a requirement for existence.
Many people I know have never had issues but many I do know have had issues, including myself. I still use the service when I have to (for lack of a better option) but I've been screwed by them in the past… and so have lots of other people. Searching "paypal problems" on Google brings these up as the first two hits…
I've found adequate solutions to protect myself from their practices which includes making sure if I'm lending money to a friend knowing that once the lender has issued the refund back to me via PayPal it will take about 2 weeks before that money will finally be out of PayPal's hands earning interest and back in my bank account working for me.
[B][SIZE=5]Apple introduces us to a Major Financial System Beyond iWallet[/SIZE][/B]
[IMG ALT=""]http://forums.appleinsider.com/content/type/61/id/37945/width/500/height/1000[/IMG]
[QUOTE]On January 30, 2014, the US Patent & Trademark Office published a major patent application from Apple that reveals a new financial Systems Integration System. Apple's invention relates to financing integration with an e-commerce marketplace, and more specifically, the present technology relates to a Financing Systems Integration system that allows customers to shop-and-checkout using a Loan ID. Apple currently has a treasure trove of inventions relating to a future iWallet system but this is a new beast all together. The patent filing illustrates that Apple is investigating the whole financial matrix and not just the electronic wallet side of the equation. Apple's patent dives into creating a system to handle all sorts of loans, from student loans to Business-to-Business loans and everything in between. Our report provides you with an overview of this massive system along with a wide array of patent figures presenting multiple flowcharts for varying loan scenarios. In one part, Apple's financial system almost hints of one day bypassing the credit card system entirely.[/QUOTE]
http://www.patentlyapple.com/patently-apple/2014/01/apple-introduces-us-to-a-major-financial-system-beyond-iwallet.html
This is big!
Do you want a BMW with your Fries?
Eddie and Angela sitting in a tree... [I]S-H-O-Pp-I-N-G....[/I]
How 'bout dinner and a mortgage?
Pfuc PayPal!
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Good points; but it's rather simple to me...when Apple stock goes down, that's a gift....buy!
Or am I missing something.
Good points; but it's rather simple to me...when Apple stock goes down, that's a gift....buy!
Or am I missing something.
AAPL might still go down a few more bucks but buying tomorrow morning isn't going to hurt at all.
Both Google and Amazon, which have high valuation, miss earnings but there stock is barely affected. Apple, a low valuation stock, miss iphones unit sales, but beat on revenue and EPS and the stock drops 10%.
I understand its all about growth potential, but we have to admit some stocks have a "do whatever you want and get away with it" pass.
another fun fact here, Apple EPS was $14.6 per share for a price of $500 per share, while Google EPS was $12.00 per share for a price of $1140 per share. Amazon is off the chart in valuation: EPS is 50 cents per share and the stock was at $400...
Yep, I've been pounding this message for awhile now. And add to that a larger cash/asset horde that AAPL has.
AAPL is priced as a VALUE stock...so why, oh why does the stock drop because the voracious appetite of earnings GROWTH are not met in guidance?! I'm not upset, just baffled by all the ridiculousness of posters who fan the flames that AAPL's low share price is actually justified.
AAPL might still go down a few more bucks but buying tomorrow morning isn't going to hurt at all.
Thx, Island. I have a lot of respect for your posts!
Best.
Wall Street is insane and so are many people writing over internet. Many of the Apple's innovations have been understood ... at first!
Nowadays there is the "Steve Jobs is dead" mantra but the point is that most of the Steve's people ( Cook included) are there. Wall Street is a b1tch and nothing is wrong with Apple at the moment.
Thx, Island. I have a lot of respect for your posts!
Best.