Paypal has been facing the brunt of the Anon after the company admitted to being browbeaten by the American government to block funds to Wikileaks. The company website has been facing extreme DDoS attacks from the Anonymous group called ‘Operation Payback‘. While http://paypal.com looks down still, www.paypal.com appears to have recovered at the time of writing this post.
Perhaps in a bid to pacify the attackers, Paypal has announced that the company has decided to release the funds it had accrued through donations made to Wikileaks from donors from across the world. However, this does not mean Wikileaks’ supporters can use the channel to make their donations once again. The group’s account remains restricted which means it will not be able to gather more funds.
Paypal has however noted that the government had no say in its actions and it was their management’s decision.
How much spending goes online when you take away the travel bookings part? According to a study conducted by Comscore, the growth of retail eCommerce spending that excludes travel-bookings has been slowing down over the years. This is how the growth has been – In the second quarter of 2007, retail eCommerce grew 23% year-over-year. […]
How much spending goes online when you take away the travel bookings part? According to a study conducted by Comscore, the growth of retail eCommerce spending that excludes travel-bookings has been slowing down over the years. This is how the growth has been – In the second quarter of 2007, retail eCommerce grew 23% year-over-year. This number came down to 13% by Q2 2008. Thanks to recession, there was a fall in the spending numbers in 2009 with Q2 of that year registering a fall of 1% YoY. Now, finally, there has been growth in retail ecommerce spending this year. However, the growth percentage is not as splendid as it once was at 9%.
Here is the retail eCommerce spending in absolute value over the past few years.
Q2 2007 : $27.97 billion
Q2 2008 : $30.58 billion
Q2 2009 : $30.17 billion
Q2 2010 : $32.94 billion
eBay and Google are reported to be in talks over a possible integration of the Android app marketplace with Paypal’s payment processing system. The rumor, which both companies have not confirmed so far, will allow Android phone users to make app purchases using Paypal. At present, this is only possible over a credit card or Google’s payment processing system – Google Checkout.
Paypal is one of the leading online payment gateway systems that is however often criticized for its extraordinarily high charges on transaction fee. While many users would any day prefer a Paypal payment over possible direct credit card checkout (which can lead to possible wireless thefts), it is not clear how customers will view Paypal vis-a-vis Checkout in a Google-controlled environment. Also, it is not clear if Google stands to make a commission on every transaction made via Paypal over the Android marketplace.
Google is learned to be in talks with select content publishers over the launch of a new micropayment system called Google Newspass that will enable a one-click login system for search engine visitors to pay and access content from these publishers.
The Google Newspass system is said to be on the same lines as Facebook Credits which allows a one-click login system for social gaming. However, Google’s solution is said to be focused at media houses who have, for long, complained that their revenues from the online segment has been abysmal while third party referrers like Google have been “scraping” content off their websites to make money.
The new system is expected to offer a Google-Checkout based micropayment system that will appear beside the search engine results from these partner publishers. Publishers may choose to either allow access to content via a micropayment system or offer subscriptions.
Quite expectedly, Google has not confirmed these rumors though an Italian newspaper has revealed that the system can go live internationally by the end of this year.
DS Data Systems, the UK based developers of the KonaKart shopping cart software has announced the launch of the new version 5 of their ecommerce platform. The new version has added several new functionalities – most notably a reward point structure for customers to earn and redeem. Also, the new software will allow merchants to set up a recurring billing functionality that may be used by retailers offering subscription based services.
KonaKart is a Java/JSP/XML based solution that uses Java APIs to allow merchants to integrate their websites with the ecommerce platform. The service is available for free as a community edition though premium features are available at a price.
Microsoft had recently announced that the company shall be wrapping up its Bing Cashback program come July 30 this year. The Cashback program incentivized Bing users for shopping at the site by offering cash rewards. With Bing closing down its shopping site, rumors are now doing the rounds that Bing may soon outsource its shopping link to Amazon.
Ever since the announcement of Bing Cashback hit the news, we have heard that Amazon has been aggressively pursuing Microsoft to outsource the shopping tab to Amazon and in return earn a commission on sales carried out through their referrals.
Talks are said to be in early stages and there is no way to confirm the speculations. Nevertheless, this appears to be not just a logical step, but also a masterful one at that, given that Google has been slowly building its relationship with retailers and subsequently their ecommerce function. We had reported recently that Google is testing a CPA ad model with select retailers that will allow advertisers to pay for select action and not just an ad-click.
The ecommerce scene is beginning to heat up once again. It’s sad however that eBay continues to be elusive in the headlines.
[via Business Insider]
eBay’s online transaction service provider, Paypal has announced that the company’s growth has been on the up, down under. In a recent statement, the company has announced a ten-fold growth in the Australian market with close to 50% of Australia top 100 online retailers now using the Paypal platform as a payment option on the website.
Paypal has not revealed the time-frame for which the growth was measured. However, the company says that the terrific growth in the region will bring a new head for the Australia Merchant Services Division. Elena Wise, who previously served at American Express as the vice president of B2B will now be taking over as the head of merchant services division.
Paypal is noted to have over 30,000 online merchants from the market who serve over 3 million customers.
Zara, the popular fashion retailer has announced that the company will take the online route to increase sales with the launch of an online store later this year. The new ecommerce store is expected to be available in France, Germany, Italy, Portugal, Spain and the United Kingdom. The launch is expected around September 2.
Zara has had a fruitful few months in the recent past with sales soaring to €2,665 million in the first quarter of 2010. The launch of an online store also comes at a time when the UK clothing industry is touted to have breached £4 billion a month.
The online store will help improve the logistics of the company by making the brand available even in those parts of the country where Zara does not have a physical presence.
E-Commerce solutions provider, TechWave has announced that their system has now been integrated with SugarCRM. The new CRM integration will offer TechWave clients a free shopping cart apart from multiple methods of payment including Google checkout, Paypal. Other features in the CRM will include a tax calculator, currency converter, etc.”
SugarCRM is an open source customer relationship management application that was launched in 2004 and has since then grown to become one of the hugely popular CRM software for businesses. SugarCRM has been downloaded over 7 million times and is one of the most popular applications on SourceForge.
eCommerce in India is more or less the same as online travel. A study by Visa last year showed that all the three top categories in online shopping was related to travel booking. And one of the biggest companies to benefit from this is state-owned IRCTC which is responsible for booking the train tickets in […]
eCommerce in India is more or less the same as online travel. A study by Visa last year showed that all the three top categories in online shopping was related to travel booking. And one of the biggest companies to benefit from this is state-owned IRCTC which is responsible for booking the train tickets in India. According to a recent report from Comscore, IRCTC received 7.7 million unique visitors in April 2010 – 46% up from the numbers in April 2009.
Here are the top 10 online travel sites in India and the monthly uniques for April 2010
1. Indian Railways (IRCTC) : 7.75 million
2. MakeMyTrip : 2.37 million
3. Yatra Online : 1.93 million
4. Expedia : 1.64 million
5. ClearTrip : 1.19 million
6. TravelAdNetwork : 872,000
7. Travelocity : 812,000
8. IndiaRailInfo : 647,000
9. Jet Airways : 585,000
10. eRail.In : 464,000