This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

eBay Sellers Knock Google Checkout Ban

eBay's position angered Peter Togel, a South Carolina art gallery owner, who has sold on the site since 1999. He plans to quit selling on eBay altogether and move to a specialty art auction site that plans to accept Google Checkout.

"I was not been happy with eBay and PayPal for a long time,'' he says in an interview. "You can see from the changes on their Web site a direct negative impact on sales. I am not surprised sellers are frustrated.''

Even merchants who aren't angry with eBay may wind up using Google Checkout anyway.

Online merchants are increasingly offering more than one type of payment service to consumers. Offering only one is analogous to a bricks-and-motor store only accepting cash, says Marwan Forzley of Moda Solutions, a provider of payments services.

eBay, which has recently signed an alliance with Yahoo! (YHOO - Get Report), remains dependent on Google to drive traffic to its site. Google also is reluctant to publicly anger eBay, which has been one of its largest advertisers for years.

Shares of eBay already have taken a beating this year, tumbling almost 40% because of concerns about Google's competition with PayPal. PayPal head Jeff Jordan's decision to leave the company for personal reasons only added to Wall Street's concerns.

The shares fell 6 cents to $26.79.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
EBAY $62.56 1.96%
GOOG $533.99 0.35%
YHOO $43.35 0.97%
AAPL $130.54 0.20%
FB $80.29 1.39%

Markets

DOW 18,040.37 +29.69 0.16%
S&P 500 2,111.73 +4.34 0.21%
NASDAQ 5,082.9290 +12.9030 0.25%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs