EBay Downplays PayPal; Brings In Adyen To Manage Payments

In a move that will displace its former subsidiary PayPal, eBay is moving to manage the payments flow on its Marketplace platform internally. The e-Commerce retailer has signed an agreement with Adyen to become its primary payment processing partner, after eBay’s current agreement with PayPal expires in mid-2020.

While PayPal will remain a payment option for buyers, eBay predicts that a majority of its Marketplace customers will transition to the new payment experience by 2021.

The biggest change for buyers is that they will be able…