Payments News

PayPal shares plunge after eBay splits with payment provider in favor of Adyen

Jan 31, 2018

PayPal shares plummeted 10 percent in extended trading on Wednesday, after longtime partner eBay said it's going with a new payments provider.

EBay will start processing payments using PayPal rival Adyen. When customers check out, they will have the option to stay on eBay and use Adyen's services or leave the website and use PayPal. Adyen will also provide reduced costs for sellers and a simpler pricing structure.

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