eBay is now only accepting PayPal for online payment – citing that your 4 times safer using PayPal than any other payment method.

Which is bullshit, it’s so easy to receive goods and then reverse a payment on PayPal it’s not funny, it’s so hard to get your money back from people who reverse charges for a bullshit reason it’s crazy.

This is just another move from eBay to jack up its stock price and profiteer since their stock has been crashing over the last few months – well years overall (it was almost $60 in 2002, $40 4 months ago and about a week ago it was down around $25).

It wasn’t too long ago they raised their percentage fee from like 3% to 10% in one hit, they make shitloads off PayPal as it is and locking every other payment provider out of the eBay market isn’t just a monopoly within eBay, but it’s unfair trading as a whole.

So much commerce is done via eBay now days that there needs to be other options for people who don’t want to pay through PayPal – either with an account or with their credit card.

Google is desperately trying to gain some traction with their Google Checkout, but it’s getting nowhere because of moves like this, if you could use Google Checkout on eBay I’m sure heaps of people would be using it.