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eBay Drops PayPal As First Choice For Payments

posted by Fnord666 on Thursday February 01 2018, @11:59PM   Printer-friendly
from the done-with-the-pay(pal)ola dept.

"Arthur T Knackerbracket" writes:

Arthur T Knackerbracket has found the following story:

People buying items on eBay will be able to pay without leaving its website, and sellers will have lower processing costs, the online giant said in a blog post.

EBay has signed an agreement with Dutch firm Adyen to process payments, but buyers will still be able to use PayPal on the site until at least 2020.

PayPal was spun off from eBay in 2015.

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  • (Score: 0) by Anonymous Coward on Friday February 02 2018, @03:10AM (1 child)

    by Anonymous Coward on Friday February 02 2018, @03:10AM (#631847)

    It's not that high, costs more in fees if you run a store I believe. Selling a car hurts in the fee dept.

    The last time I drew on PayPal to a bank account I think it was close to 10%, makes more sense for private sellers to leave it there ready for their next purchase sometimes.

  • (Score: 2) by crafoo on Friday February 02 2018, @03:46AM

    by crafoo (6639) on Friday February 02 2018, @03:46AM (#631854)

    If fees are that high for "Paypal Bucks" you might as well use bitcoin or something. That's a ridiculous "bank" transaction fee for a not-a-bank shop like Paypal.