Thursday, March 21, 2013

EBAY: Visa (V) has no plans to start charging a...

12:31 PM Visa (V) has no plans to start charging a digital wallet fee at his time, says global product chief Jim McCarthy. The remarks follow comments from CEO Charlie Scharf about a wallet fee being "totally appropriate," and appear to be helping eBay (EBAY +0.8%) outperform. Yesterday, Jefferies argued MasterCard's fee has been priced into eBay's guidance. It thinks a 20-25 bps Mastercard fee would have a $0.03-$0.04 impact on annual EPS, and that a similar Visa fee would hurt EPS by $0.07-$0.08. Read comments

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