eBay CEO John Donahoe: 2012 will be an “inflection point in retail, shopping, and paying”

“I believe that you’re going to see more change in how consumers shop and pay … in the next three years, than we’ve seen in the last 20 years,” eBay president and CEO John Donahoe said today at the Digital Life Design conference in Munich.

Donahoe, interviewed at DLD by Accel Europe partner Sonali De Rycker, added that 2012 will be an “inflection point in retail, shopping, and paying.”

Why is that? Consumers, he said, … Continue Reading

PayPal payments coming to a non-virtual store near you

Not content with having conquered online payments, PayPal is expanding into real-world stores. The online e-commerce company has decided to expand by allowing shoppers to pay with its service in more than 2,000 brick-and-mortar stores by March.

Partnering with The Home Depot, PayPal tested its state-of-the-art Touchstone technology in over 51 store locations. Customers are able to pay by just entering their mobile number and PIN or swiping a PayPal credit card at checkout.

“We’ve … Continue Reading

PayPal keeps on rolling as eBay posts solid fourth quarter

eBay’s chief executive John Donahoe has a plan to turn his company around — and it looks like it’s working.

eBay’s revenue rose 5 percent year over year in the fourth quarter, bolstered by increased holiday sales and strong growth in its transaction service PayPal.

The company raked in $2.5 billion in the fourth quarter last year, up from $2.4 billion in 2009. At the same time, eBay dramatically slashed its administrative costs by about … Continue Reading

eBay cashes in on PayPal as online auctions stop growing

For the first time in more than a year, eBay has not seen any significant revenue growth from its auctions. That has left PayPal, which continues to grow at a healthy rate, as the flagship revenue stream for the once-leading online auction site, according to its most recent earnings reports released today.

As online retailers like Amazon.com and others have emerged as the dominant force in online marketplaces, auctions have begun to lose some steam. … Continue Reading

Scoreloop adds payments to its Android social gaming suite

Android phone users are downloading lots of apps. But app developers would be happier if those users would pay for them. To help make that happen, Scoreloop is adding the ability to make payments for Android apps to its suite of social gaming tools for Google’s Android operating system.

Scoreloop started on the iPhone, providing social features for iPhone games. But in a diversification move it is spreading to Android, which isn’t as mature as … Continue Reading