According to Recode.net Ebay and Paypal have officially called it splits with that long term business agreement. Ebay has reportedly gone with another provider by the name of Ayden, an Amsterdam-based payments company that was founded in 2006 and has counted global companies like Uber, Netflix and Spotify among its customer base.
Ayden’s business is forcused on the back end of payment processing. No you won’t see any Ayden payment buttons or anything like that but it will be the one processing your payments when you go and shop on ebay.
Why Is Ebay Doing This To Paypal
After the existing eBay-PayPal agreement ends in 2020, PayPal will remain a payment option for shoppers on eBay, but it won’t be prominently featured ahead of debit and credit card options as it is today. PayPal will cease to process card payments for eBay at that time.
Good For Ebay Bad For Paypal
This is great for Ebay sellers because this will decrease the cost of payment transactions according to the people over at Ebay. This is bad for Paypal because at the time of this news there stock has sank 12% and it seems that Ebay accounts for big chunck of there revenue. Paypal is worth $104 billion and Ebay is worth $42 billion at the time of this posting.
Things change and companies should diversify there income. People should diversify there income also and you can use the power of the internet to do so. Click here an watch a free video on how you an make 10k per month working from home.