eBay Updates
PayPal to Develop Micropayments Product
PayPal President Scott Thompson recently announced that the company will be delivering a micropayments product before the end of the year as part of the company’s goal in simplifying the purchase of low-cost virtual goods. [via eBay Inc]

eBay Announces the End of Third Party Checkouts
eBay will no longer be supporting third party checkouts after June 30, 2011. This change will allow users to experience a speedy and consistent checkout experience. [via eBay]

eBay Implements Automatic 5-star DSR for Free Shipping This Week
Effective August 24, shipping cost DSR will be automatically defaulted to 5 stars when it is verified that a buyer did not pay for shipping. [via eBay Ink]

Other Top Stories
PayPal’s vice president of global product strategy, Sam Shrauger, expects PayPal to be available on gaming consoles in the near future. [via Forbes]

MasterCard’s acquisition of Datacash is the first in credit card companies move into the e-commerce and mobile technology space, other companies are reportedly to soon follow. [via TheStreet]

Location based services has the ability to become the next big thing in m-commerce but still needs time to fully develop. [via Internet Retailer]

Further News
+ E-commerce in Korea exceeds over $170 Billion and has grown more than 20% in just 3 months
+ Digg rolls out with new redesign, making it a true social networking site
+Alibaba purchases Auctiva, a developer of software tools for eBay sellers
+ Social Media marketing needs scale, distribution, targeting and format in order to increase ad spending

eBay Ink Weekend Roundup is a summary of news and updates around eBay, PayPal, Social Media, Technology and E-commerce. Let us know what interests you.