eBay to drop PayPal as its primary payment processor

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BetaNews - https://betanews.com/2018/02/01/ebay-drops-paypal/

eBay and PayPal have become almost inextricably entwined over the years — but not completely inextricably. Citing lower costs, eBay has announced plans to drop PayPal as its main payment processor in favor of Dutch firm Adyen. Starting later this year, eBay will move some of its payments to the new provider, and then by 2020, PayPal will have been replaced as the backend payment service. eBay users will still have the option to use PayPal until at least the middle of 2023. Following eBay’s announcement, PayPal stock dropped by 12 percent. After a 15-year relationship, eBay currently accounts for…

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