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Strategies & Market Trends : Value Investing

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To: bruwin who wrote (74656)	12/28/2023 6:23:32 PM
From: Johnny Canuck	Read Replies (1) of 78787

The start of the plunge was soon after PYPL lost the preferred payor status with Ebay. I think it was about 70 percent of their volume. PYPLwas spun out of EBAY but at some point the credit card companies offered the same services as PYPL and I think Ebay started financing auction payments through their own system. Ebay even started offering buy now, pay later options. The growth was supposed to come from VEMO, a peer to peer payment system, but it was intended to appeal to generation Z,Y and Z. I never quite understood it myself, but that is way it works in China. You can even transfer tips to street buskers electronically in China for example. It is just not a thing in North America or Europe. I think it is cultural. Most of PYPL volume is in Westernize countries. I was a PYPL holder from when they were originally spun out. I dumped them once I had a run in with their customer service about 3 years ago and could no resolve it. I realized they could no longer compete in the one area they offered an advantage over the credit card companies in, customer service. There is not much of a moat around their business anymore that the banks and credit card companies cannot duplicate.

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