PayPal mandatory, says eBay Australia

PayPal mandatory, says eBay Australia

ONLINE auction website eBay is using Australia as a guinea pig to trial a new policy where all other modes of payment are barred except its own transaction gateway, PayPal.
Direct deposits, personal cheques and money orders will no longer be payment options from June 17. This is the first time these restrictions will be imposed by eBay anywhere in the world and could be enforced in other markets in the future.

Buyers will have to pay for items via PayPal, cash-on-delivery or Visa and MasterCard debit and credit cards but these transactions would be processed by PayPal as well.

My Posted response to this news item and the many short-sighted comments
is the following quote

Err Guys, most of you are forgetting one very important point.
eBAY is a Commercially run Website not a GodGiven Right.
Talking about government intervention is Madness
You don't want another Snowe style Bill controlling internet usage.

I think eBay profits will increase in time because of this policy.
Confidence of the average eBay/Paypal user will increase due to the better control of transactions.eBAY has better chance of tracking and ensuring safe transactions via PayPal than any using alternative methods.

eBAY owns/control PayPal ,it does not have access to all the other methods people use online to track the transactions.
Requiring exclusive use of Paypal for eBay transactions is no different than Australian Government Requiring Exclusive Use of their own issued banknotes and coinage for payment of goods/service. No-one in Australia can print their own banknotes and than expect them to be usable by others.

Any store can issue their own internal coupons/voucher/ StoreCash/ChargeCards / Whatever ,but will not / cannot expect to accept the same things issued by the oppostion store across the road.

If you don't like their policies ,LEAVE.
If that affects eBay profits,then eBay will/may re-consider the policy
My prediction is an initial 10-20% user reduction ,than a general increase to even higher level of usage than at present.

Australian Domaining And the Future

An article in Sydney Morning Herald recently stated that there is no real future in Reselling Australian Domains .
This is so wrong on several levels.
UK and German Markets provide a valuable insight into the potential market in Australian Names. German Sites that have been succesful include ebay.de and Sedo.de

.DE and .Co.UK have become almost as valuable as the .com & .net Equivalent Names.
So I think .Com.au and .Net.au could achieve a very high resale value.
Any Keyword Name regardless of the ccTLD is valuable. So any good Keyword .Com.au or .Net.au will naturally be in demand. With 1million Plus .Com.au's Registered before the change in auDA policy, a Massive market for New registrations and Aftermarket sales awaits.

One unusual aspect of the new policy is a requirement for any Australian Domain being resold to be at least 6 Months since originally registered. This opens up new markets in Australia for a combination Short term Parking & Sale listing site similiar to Sedo. Another opening is the development and marketing of a minisite style site as an alternative to parking it.

N.B. Anyone needing to register Australian Names needs to be an Australian resident /Registered Business

For further Information and Resources about Australian Domaining, check out my new domaining WebSite Domainer.Net.Au