eBay eyes a $2 billion opportunity in payments following PayPal split - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A five-year truce between eBay and PayPal has come to an end, and now the digital marketplace is eyeing a $2 billion revenue opportunity from bringing payments in-house

This story is available exclusively on Business Insider Prime.When eBay spun off PayPal in 2015, the two companies entered into a five-year operating agreement, whereby PayPal would continue to process all of eBay's payments and was limited with how it could interact with some of the marketplace's biggest competitors.

eBay acquired PayPal in 2002, and spun it off in 2015. While the two companies have since operated separately, from eBay's perspective, not much changed. PayPal processed all of eBay's payments until 2018, when eBay started testing a small portion of its payments in-house, with processing partner Adyen.

"By having control of that, it gives us so much more flexibility in how we continue to enrich the buying and seller experience," she added. Processing payments will be a new revenue stream for eBay, which, like any payments company, will earn fees on each transaction.has been eBay's primary payments processing partner since 2018, offering the back-end processing tech. In addition to PayPal, credit, and debit cards, eBay will now offer Apple Pay and Google Pay, as well as bank-linked payments in relevant markets like Germany.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

6 ways to develop devoted customers and strengthen brand loyalty for your small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Disney reportedly slashes Facebook ad spend amid big-business boycott - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Not because they don’t like facebook, but because they’re cutting costs... Thank you Disney FB is crap you don't need and propaganda you don't want. Are they boycotting it just cutting budgets?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »