Paypal Buys Honey

[yolosnail]

I personally have no issue with Paypal buying Honey, but I just don't see how they can be worth $4 billion, unless they just needed that to pay off the Scrapyard Wars sponsorship!

 

As far as I can see, Honey's business model is pretty easy to replicate, PayPal could have easily added a similar service for an order of magnitude less than they paid to acquire Honey.

[ARikozuM]

1 minute ago, yolosnail said:

I personally have no issue with Paypal buying Honey, but I just don't see how they can be worth $4 billion, unless they just needed that to pay off the Scrapyard Wars sponsorship!

 

As far as I can see, Honey's business model is pretty easy to replicate, PayPal could have easily added a similar service for an order of magnitude less than they paid to acquire Honey.

That's not the point. Getting rid of competition is the larger objective. Paypal has been trying and failing to provide a good system for discounts for years and Honey serves the two goals by assimilation. 

[yolosnail]

1 minute ago, ARikozuM said:

That's not the point. Getting rid of competition is the larger objective. Paypal has been trying and failing to provide a good system for discounts for years and Honey serves the two goals by assimilation. 

Exactly, I reckon it'll be about 18 months before the Honey brand will disappear.

[TempestCatto]

1 hour ago, SpaceGhostC2C said:

It sounds like your computer, phone, or whatever you are making your payments from is infected with some kind of key logger or malware. 

You would think, but then all of my info and accounts would have been compromised already. It's only Ebay and Paypal, and only when I use the two together.

[SpaceGhostC2C]

3 hours ago, TempestCatto said:

You would think, but then all of my info and accounts would have been compromised already. It's only Ebay and Paypal, and only when I use the two together.

Precisely he fact that it happens when you use it is what tells me that they are obtaining your updated credentials for it as you type them..

It could be just Paypal because the trojan is set to recognize PayPal usage for logging and sending, or because, well, other accounts are useless but PayPal it's not  

Still, it's only a conjecture of mine.

 

Maybe one could try using paypal+ebay from a different device, preferably booting from a live USB (also created in a different device) and see what happens. But then again, if you don't trust the platform, you probably wouldn't want to go through the trouble - again.

[WereCatf]

1 hour ago, TempestCatto said:

Anytime I use Paypal, specifically with Ebay, somehow my information gets stolen and someone (usually from Russia) buys shit with my Paypal. Then sometimes my Ebay account gets hijacked and I get locked out. Ebay has my account disabled at the moment, so it's "safe" and quite frankly, I don't feel like trying to get it back. I'm done with both of those fucked up services. So I hope I don't have to delete my Honey account and uninstall it.

That sounds like you got some malware on your PC or network. No one I know has ever had anything like that happen with PayPal, including myself, and I've used it and eBay for years and years now.

[TempestCatto]

38 minutes ago, SpaceGhostC2C said:

Precisely he fact that it happens when you use it is what tells me that they are obtaining your updated credentials for it as you type them..

It could be just Paypal because the trojan is set to recognize PayPal usage for logging and sending, or because, well, other accounts are useless but PayPal it's not  

Still, it's only a conjecture of mine.

 

Maybe one could try using paypal+ebay from a different device, preferably booting from a live USB (also created in a different device) and see what happens. But then again, if you don't trust the platform, you probably wouldn't want to go through the trouble - again.

 

24 minutes ago, WereCatf said:

That sounds like you got some malware on your PC or network. No one I know has ever had anything like that happen with PayPal, including myself, and I've used it and eBay for years and years now.

I've scanned everything on the network before, everything comes back clean.

 

I did Google the issue some time ago and found other people having the same issue when using Paypal with Ebay, but it was a rather long time ago.

[KnightSirius]

Damn, first PIA, now Honey. Seems likely LTT is going to be acquiring some new sponsors soon LOL.

[AnonymousGuy]

Honey is trash anyways.  Oh shocking that "Christmas2016" doesnt work anymore.

[WereCatf]

45 minutes ago, TempestCatto said:

I've scanned everything on the network before, everything comes back clean.

If you have e.g. malware running on your router, no simple network-scan will find it. Those simplistic network-scans are pretty much useless anyways.

[TempestCatto]

7 minutes ago, WereCatf said:

If you have e.g. malware running on your router, no simple network-scan will find it. Those simplistic network-scans are pretty much useless anyways.

I don't remember what I used to scan it. But I know it wasn't one of those simple ones.

[ZacoAttaco]

28 minutes ago, AnonymousGuy said:

Honey is trash anyways.  Oh shocking that "Christmas2016" doesnt work anymore.

I don't know about that but that. Sure it's hit and miss but I have saved money on it before.

[lewdicrous]

I wonder if purchases made with paypal are automatically gonna get a coupon code using honey's database, would be an interesting selling point to using paypal, I guess.

[Rune]

Uninstalled.

[WereCat]

When I tried Honey it never worked to me.

Anywhere I tried to shop there were absolutely none discount coupons or anything... even with Amazon.de.

[LeSheen]

16 hours ago, Haaselh0ff said:

4 billion? Jeez was Honey really that popular?

"Free" money is always popular. I use it when I can. But most webshops in Belgium are not supported.

[SpaceGhostC2C]

8 hours ago, WereCat said:

When I tried Honey it never worked to me.

Anywhere I tried to shop there were absolutely none discount coupons or anything... even with Amazon.de.

Well, their extension homepage says "Works at thousands of stores in the US, Canada, Australia, India and the UK.", which is why I never tried it. I wonder if there are exceptions to that list.

[Touch My Hamm]

18 hours ago, Stru said:

I'd sell out for 4 billion, gotta be honest. 200 employes, 20 mil each, No problem.

Thinking random employees will get a % of the buyout... I wish that was always the case. 

[redbread123]

20 hours ago, Stru said:

I'd sell out for 4 billion, gotta be honest. 200 employes, 20 mil each, No problem.

nvidia be like, Jensen: one leather jacket = 1,00$ 3.9 million leather jackets for jensen, rest goes to nvidia employees

[redbread123]

12 hours ago, Rune said:

Uninstalled.

ok buddy, big whoop about your opinion, thanks for the helpful insight.

 

15 hours ago, yolosnail said:

Exactly, I reckon it'll be about 18 months before the Honey brand will disappear.

hopefully they don't kill it like google does, honey has some coupons occasionally.

[TigerHawk]

Honey has saved me hmm maybe 50-60 bucks the past couple months I've been using it? I think most of the savings have probably come from all the food I've been ordering from skip the dishes and Uber eats lol. I think it saved me like maybe 10 bucks on a newegg purchase once. 

 

Kinda worried on where this will go. Honestly not a fan of Paypal or their practices when combined with ebay. Burned me so many times. 

[Murasaki]

[PocketNerd]

Well, I guess it's time to give Rakuten a try. Not that Honey helped me much anyway.

[Rohith_Kumar_Sp]

PSA 
 

 

[RejZoR]

1 hour ago, Murasaki said:

I can tell you why. PayPal wants to not only know what you're actually buying, they also want to know what you're looking at. Because Honey, as far as I know, when it's comparing prices, is feeding into the Honey's engine. So, even if you won't actually pay something that would register with PayPal, they'll get the info what you've been looking at and see your interests. Sort of like buying "trending". Knowing what people look and buy in the end can tell A LOT to a merchant or a manufacturer.