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CAPP -> CAPP -> PayPal Will End Partnership with Alibaba
Post Info TOPIC: PayPal Will End Partnership with Alibaba
budnonymous


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PayPal Will End Partnership with Alibaba
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June 03, 2011

PayPal Will End Partnership with Alibaba

By Ed Silverstein , TechZone360 Contributor

PayPal will end its partnership with Alibaba after a year, according to company statements.

A document seen by Reuters suggests PayPal was "unhappy with AliExpress's rising consumer business on the platform, which is meant for business transactions, and wanted to raise transaction fees for certain accounts," Reuters reported. No official reason was given for the break-up by the two companies.

"We have decided that PayPal will no longer be a payment option on AliExpress after August 3rd," according to a statement from PayPal.

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Exposing the sleazery of ebaY and PayPal

 
budnonymous


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It's even funnier and more sleazy!

ebay wants to be "One size fits all" and Paypal wants "all or nothing"

 

PayPal Wanted 7 Percent for Consumer Transactions on AliExpress

By: Ina Steiner Fri June 3 2011 16:00:37

 

PayPal ended its relationship with Alibaba's AliExpress wholesale marketplace after just one year, and a document reveals PayPal wanted to charge 7% fees for processing certain AliExpress transaction payments - much higher than the 2.9% - 3.9% fees it charges for China cross-border transactions.

 

(continues...   ^ )



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Exposing the sleazery of ebaY and PayPal

 
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