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Old 06-26-2018, 06:46 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,275
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Quote:
Originally Posted by savedfrommyspokes View Post
My understanding is that ebay will begin using another company to assist in handling their customer's payments once they complete their split from paypal.

http://money.cnn.com/2018/02/01/tech...yen/index.html

Based on this article, it appears ebay may become more involved with accepting payments than they were when they actually owned paypal up through 2015.
The trick here is that Ebay USED to own Paypal. As the owner of the company that was handling the collection and payments, it meant that Ebay was effectively handling all the payments and collections. Splitting Paypal off meant it was now being handled by a completely separate company so Ebay no longer had direct control in the handling of payments and receipts. The same disconnect will occur with this new Dutch company. They are not owned or controlled by Ebay, so once again, Ebay is effectively not collecting receipts or remitting payments. I believe from the article you read that the control they are referring to is in what functions and uses the new Dutch firm will set up specifically for Ebay and their users. As the article noted, even though Ebay is a big percentage of Paypal's business, it is still only 13% as of late. So the things Ebay may have wanted Paypal to do may not make sense to Paypal, and thus they may have turned them down. Don't know that for certain but, that could likely be another reason Ebay ended up looking elsewhere for online payment support from someone willing to tailor the software to what Ebay wants but, still not have Ebay directly own it so they could be considered as directly directly collecting and paying receipts and remittances.

Like I said earlier when someone else tried to suggest that Ebay was like an auction house. I pointed out all the differences and why the auction house was responsible for having to charge, collect and remit sales taxes. Ebay is looking to not have any of the same responsibilities as an auction house so they can not be held accountable, responsible or liable for collecting and remitting sales taxes. They just want to be the platform used by others to buy/sell online.
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