The Paypal Restriction Rumor

The internet has been set abuzz with the latest eBay rumor, and it involves the widely accepted payment form Paypal. Now eBay has recently decided to make what could be a somewhat risky move in the Australian market, in what some are calling "test strategies to make a larger, more universal eBay marketplace." Australian eBayers will now be required to pay for purchases using Paypal, which eliminates all other payment methods besides credit cards. If using a card, however, the buyers must still have their payment processed through Paypal. This will bring in more revenue since the company charges fees for processing sales and monetary transactions. With eBay being such a stronghold in today's online business systems, the decision will affect a mass of people. The company is well established having been founded in 1995 and headquartered in San Jose, California. Their other affiliated brands include StumbleUpon, StubHub, Shopping.com, Skype, and of course Paypal. The eBay, Inc. global giant services over 39 markets including America and services over 83.9 million active users internationally. Their Paypal brand was formed in 1998 in San Jose, and is a leader in worldwide online payments. To this date, there are 190 markets serviced having around 60 million active account holders.