About 711 days ago Apps | Business Software | Cloud Computing

eBay Readies Massive Retail Service in the Cloud

Acquires Magento and launches X.Commerce.
Posted on June 8, 2011 by Minda Zetlin
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eBay has acquired Magento, a company that makes a PHP-based online shopping cart, and announced the creation of X.Commerce, and open source platform group that Magento will be merged into. The intent is for eBay to provide a cloud-based retail service that will help merchants create online stores that are more customizable and offer many more options than the current “stores” within eBay. The company is also creating an online app store where developers are invited to submit apps for merchants to use.

“There isn’t one place, one stop solution that has one integration,” Matthew Mengerink told The Register. “We are going to fill out the operating system so every aspect of commerce is available from the store front or the API suite in a consistent fashion that makes it easier for the developers to extend.” Mengerink was head of PayPal engineering and now heads up X.Commerce. The new service is expected to launch October 12 and 13 at the X.Commerce Innovate conference.

Some observers believe the new service is intended to compete with Salesforce.com. Either way, small companies will have a whole new option for offering their wares online. We think that’s a good thing.

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  • Anonymous

    eBay, Magento, AliExpress, Skype, PayPal, Google, Schmoogle, whatever
     
    The rusting old hulk eBay is presently being kept afloat by the clunky PreyPal so it’s good to see these boys recently squabbling and threats to the clunky PreyPal now coming thick and fast. It’s interesting times for all we eBay “haters” (oops, I mean “watchers”). I just hope that someone has remembered to bring the popcorn.
     
    PayPal is mostly registered in various places not as a “bank” but only as a “money transmitter” (like Western Union), and PayPal actually claims that they are not a “payment processor”, and there is a minute degree of truth in that claim because it could, nonsensically, be claimed that they do no more than facilitate the transmission of money by riding on the back of the banks’ existing payments processing systems.
     
    In fact, the only thing creative about PayPal has been their use of users’ email addresses as an identifier for online transactions. PayPal is otherwise no more than a blood-sucking parasite on, and in the main cannot function except via, the banks’ existing payments systems (via their banker, GE Money Bank—Ugh!).
     
    PayPal, outside of whatever will ultimately be left of the Donahoe-devastated eBay Marketplace, will undoubtedly eventually be consigned to the history books by all the retail banks/Visa/Mastercard once those players get their “online” act together.
     
    Some people may not like “the banks” but all those participating retail banks at least supply a professionally run payments processing system—unlike PayPal’s—and even PayPal concurs with that assessment: except for intra PayPal “account” transactions, they use the banks’ payments processing system all the time and simply could not exist without it.
     
    Regardless, all the above comments apply equally to all of the other third-party “payments processors” that are emerging out of the woodwork and wanting to have access to your banking account. Unless they a formal arrangement with all the participating retail banks, as do the likes of Visa/MasterCard, then the result is invariably going to be as potentially problematic as presently is PayPal’s clunky operation for its merchants, and many of them can tell you a sorry tale or two.
     
    All anyone needs to know about the clunky PayPal can be found at:
    http://forums.auctionbytes.com/vbulletin/showthread.php?p=165263
     
    Is that PayPal’s blood in the water, and are those “sharks” (oops, “banks”) I can see circling?
     
    Enron / eBay / PayPal / Donahoe: Dead Men Walking.

  • Anonymous

    ebay is very useful in our daily life….

  • Anonymous

    It seems that more and more services are inclined to have some connection with “cloud”, such as cloud virus protection and cloud backup etc.

  • jonathan smith

    Hi “Minda”, nice post. At the present time, retail market is so vast. In this way, encountering of Ebay services would be a prfoit factoer for all the marketers who are directly or indirectly related to retail market.
    http://www.retailexcellence.ie/