[LINK] Age: 'Reserve Bank could scuttle eBay's plans'
stil at stilgherrian.com
Wed Apr 23 13:46:29 EST 2008
On 23/4/08 1:37 PM, "Brendan Scott" <brendansweb at optusnet.com.au> wrote:
> Roger Clarke wrote:
>> Reserve Bank could scuttle eBay's plans
>> The move by the auction site is presently limited to Australia only and
>> will hit sellers with extra fees because PayPal charges them a fee of
>> between 1.1 and 2.4 per cent to accept payments - usually using credit
>> cards - via the service.
> Interestingly this is exactly the business model Microsoft was attempting to
> get off the ground with the Microsoft Network (MSN) in the mid-90s (be the
> platform for sales and take a cut off every transaction). The more things
> change the more they stay the same...
Indeed Microsoft did. And their contracts also said that the punters' credit
card would be debited immediately but sellers only got their money from
Microsoft 45 days after end of month, or some such insane delay. Thank the
gods, that version of MSN was stillborn...
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