eBay Buys Out Wells Fargo On BillPoint
from the watch-out-PayPal dept
eBay seems to be getting more serious about pushing PayPal out of business. They've bought out Wells Fargo's share of BillPoint so they now own the whole thing. This actually surprises me a bit, because I would imagine it helps to have a bank backing you up for such a service. One of the legal issues facing PayPal is whether or not they've created an illegal online bank. So, having a bank as an owner probably would help solve that issue.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
