@Anonymous wrote:

So ebay simply wants to take the paypal fees away from paypal and put it in their own pocket, because EBAY USED TO OWN PAYPAL BUT THEY STUPIDLY SOLD IT, NOW TRYING TO MAKE THEIR OWN FINANCIAL SYSTEM THE SAME AS PAYPAL SO THEY GET MORE MONEY, simple !!


Yeah, so simple to completely overhaul the entire way payments are done on a global site, lol, all the while making a bunch of people scared and angry.

 

This quote doesn't really make any sense, not least because none of us know how much ebay pays Adyen to process each payment, and how much better off (after all is said and done) they are than they would have been holding on to PayPal, and / or just continuing with their previous set up.

 

eBay and PayPal parted ways because PayPal felt they had not only outgrown them, but that eBay were holding them back  - however, PayPal incentivised eBay with large cash bonuses if they managed to maintain an 80%+ rate of all payments continuing to be through PayPal after the split, eBay shifting to their own payment system and introducing more and more payment methods for buyers obviously ends that little arrangement. 

 

Honestly this move was always on the cards - if anyone can find it, there's a post I made here years ago predicting it, long before it was even a whisper on the eBay winds, because it just makes sense for a business like ebay to have their own checkout and payments system, like nearly every other similar site.