Paypal Buys Xoom

[glasgowjohn]

Should be interesting to see how Xoom develops now.

http://techcrunch.com/2015/07/01/paypal-agrees-to-buy-xoom-for-890-million/

 

[glasgowjohn]

some more detail here

http://www.streetinsider.com/Press+Releases/PayPal+to+Acquire+Xoom/10695406.html

 

[Chet]

Probably time to find more ways to move money, paypal tends to go overboard on kyc/aml measures and freeze accounts whenever they feel like it.

 

[D.B. Cooper]

Paypal is owned by eBay. So it makes cense for making international payments / money transfers.

 

[ElCordobés]

PayPal is being spunoff on July 17th. Begins trading on NASDAQ July 20th.

 

[Tangerine]

Mergers are rarely good for the consumer. Think of airlines, banks, wireless phones, supermarkets, cable companies and the list goes on.
For the consumers KY Jelly and Trojan would make a good match, we always need them after a merger.

From the PayPal webpage...
PayPal is in the process of being separated from eBay Inc. (NASDAQ: EBAY). Upon completion of the separation, which is expected to occur on July 17, 2015, PayPal will be an independent, publicly traded company listed on the NASDAQ Stock Market under the ticker “PYPL.”

 

[Joe]

I have an old computer nerd friend at Paypal. Paypal is negotiating with the government for more access to the Argentine market. Of course that would require that all transactions (including Xoom) be undertaken at the official rate.

 

[ghost]

Pay Pal is soon to be large enough to be considered a bank and useless. Once they are a slave to Wall Street it's all over. Look for replacements fast.

 

[Joe]

Pay Pal is soon to be large enough to be considered a bank and useless. Once they are a slave to Wall Street it's all over. Look for replacements fast.

i.e. Bitcoin
http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html

 

[RodalfoWalsh]

Probably time to find more ways to move money, paypal tends to go overboard on kyc/aml measures and freeze accounts whenever they feel like it.

They are a lot better than they used to be. That was a huge problem 10 years ago but I haven't had it happen in any recent transactions.