Payments News

On The Web

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Companies

EBay is ditching PayPal for a younger, European partner

“EBay said it will eventually replace PayPal with a Dutch firm called Adyen as its primary payment processor, more closely integrating payments on its site. The online marketplace expects to have mostly completed the move by 2021, and PayPal will still be offered as a way to pay at checkout until July 2023. The auction […]
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Companies

EBay Paid $573M To Buy Japanese e-Commerce Platform Qoo10, Filing Reveals

“The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in Flipkart  as part of its acquisition by Walmart, but at the same time committed to investing in a new, standalone eBay operation in India, using some […]
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Companies

Ebay To Add Support For Apple Pay, Partners With Square Capital On Seller Financing

“Ebay announced this morning it will begin accepting Apple Pay on its marketplace  starting this fall, and has also teamed up with Square Capital on seller financing. The changes come following eBay’s further distancing from longtime partner PayPal, which included the company’s switch to Adyen as its primary payments processing partner, announced earlier this year. At the time, eBay  said PayPal  would continue to be an option at […]
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Companies

EBay Adds Google Pay As New Payment Option

“The company said Thursday it will let customers pay for items using Google Pay starting in April. The move continues eBay’s effort to become less dependent on PayPal to process its payments. eBay and PayPal, once part of the same company, split in 2015. Since then, both companies have worked to diversify their businesses and […]
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Companies

Op-Ed | EBay Is the Un-Amazon, for Better and Worse

“How can a company be both the second-place player in its fast-growing industry – and largely excluded from the conversation about the future of said industry? That’s the weird position occupied by EBay Inc. The company grabs a larger share of the U.S. e-commerce market than Walmart Inc., Apple Inc., and every other retailer besides Amazon.com Inc. The $95 […]

On The Wires

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Companies

eBay and PayPal Finalize New Payments Agreement

“As previously announced, the new agreement between eBay and PayPal will ensure that PayPal as a form of payment continues to be available to buyers on the eBay marketplace. PayPal as a form of payment includes payments through the PayPal payment button, as well as value-added services such as fraud detection and buyer protections.”