ebay and Paypal finalise new payment deal

Source: eBay

eBay and PayPal today confirmed the signing of a previously-announced agreement to offer PayPal as a way to pay on eBay until July 2023.

This new agreement builds on the payments partnership between the companies to make PayPal available as a payment option on eBay’s new intermediated payments model.

“PayPal has been a great partner for eBay, and as part of our new payments experience PayPal will continue to be a key form of payment for our global customers,” said Devin Wenig, president and CEO, eBay. “We are pleased to continue to offer PayPal as a form of payment on eBay and look forward to a continued, strong partnership with PayPal going forward.”

As previously announced, the new agreement between eBay and PayPal will ensure that PayPal as a form of payment continues to be available to buyers on the eBay marketplace. PayPal as a form of payment includes payments through the PayPal payment button, as well as value-added services such as fraud detection and buyer protections.

“We are proud to have extended our relationship with eBay and our commitment to build on more than 15 years of collaboration and innovation with a great partner,” said Dan Schulman, president and CEO, PayPal. “We are excited to continue to provide our millions of mutual customers with innovative, trusted and seamless PayPal payment experiences.”

PayPal continues to provide a comprehensive payments solution to eBay under the existing Operating Agreement through July 2020.

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