Monday, March 18, 2013

EBAY: A Nomura note predicting higher card fees for...

5:16 PM A Nomura note predicting higher card fees for PayPal (previous) helped eBay (EBAY -0.6%) make fresh 2013 lows. "Payment networks are taking the gloves off," writes Nomura: with PayPal's rapid growth and offline expansion efforts making it a bigger rival to Visa (V) and MasterCard (MA), "the incumbents will do everything in their power to prevent PayPal from riding on their rails without extracting a toll." Evercore thinks a new MasterCard fee for online payments services could be aimed at getting service providers to share more transaction info. Read comments

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