PayPal is currently eBay’s payments processor, meaning merchants selling on the marketplace have to have PayPal accounts to accept funds, and it will remain a checkout option for eBay shoppers at least until July 2023. But Adyen will gradually take over processing eBay payments, beginning in North America this year, and will handle a majority of transactions in 2021. PayPal could see a big blow to its total payments volume. PayPal has played an integral role in processing payments on eBay for 15 years and offers credit products that help eBay shoppers buy more goods. PayPal said total payment volume rose in the fourth quarter as active customer accounts hit 227 million.

Source: thestar February 01, 2018 20:14 UTC