A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
October 31, 2023
On the web
British Rival Klarna Valued at £1.65bn After Securing eBay Backing
Business News
June 4, 2021
On the web
eBay Sellers Can No Longer Use PayPal Under New Terms
BBC News
“New terms of use for eBay have come into effect which mean the online auction house will now pay sellers directly rather than through PayPal. PayPal was acquired by eBay in its early days in 2002, and the two firms have worked in partnership ever since. The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts. But some sellers have threatened to stop using the service over the move. EBay’s forums have several posts from sellers who say they are reluctant to use the new system and give eBay direct debit access to their personal bank accounts. But the new terms, effective from 1 June, say the new “managed payments” system is compulsory, and the company has the power to limit or remove listings from sellers who refuse to use it.”
September 10, 2020
On the wires
eBay Is Expanding Its Management of Payments to France, Italy and Spain
“As part of modernizing its marketplace and creating a more streamlined experience for customers, eBay is expanding its management of payments to France, Italy and Spain in the first quarter of 2021. This expansion will continue to offer buyers flexibility and choice in payment methods and give sellers an easier way to manage their businesses. eBay began managing payments on its platform in the U.S. for a select group of eligible sellers in September 2018, followed by expansions to Germany in 2019 and the UK, Australia and Canada earlier this year. The company is now working to scale its management of payments to all countries.”
July 20, 2020
On the wires
eBay’s Management of Payments Begins Scaling Globally
“Starting today, eBay will begin expanding its management of payments around the globe. The company embarked on its journey to manage the end-to-end payments process on its marketplace platform in late 2018 and is already seeing success with its rollouts in the U.S. and Germany. Until now, the rollout has been paced by an Operating Agreement with PayPal that governed how quickly eBay could scale its management of payments. With this agreement now expired, eBay is free to move quickly with fully launching its management of payments, bringing customers one step further toward a more seamless user experience and a more modern managed marketplace.”
June 24, 2020
On the web
Hong Kong fintech Qupital partners with eBay to provide financing for sellers
TechCrunch
“Qupital, a trade financing platform, announced today that it will partner with eBay as one of its officially recommended Hong Kong financing service providers. In today’s announcement, Qupital said it will provide offshore financing services, including working capital, to eBay sellers in China and Hong Kong through QiaoYiDai, its main product.”
April 20, 2020
On the wires
eBay Continues to Expand Its Management of Payments to Australia and Canada
“As eBay continues to modernize its marketplace and create a more streamlined experience for buyers and sellers, the company is expanding its management of payments to Australia and Canada later this year. Australia and Canada are the fourth and fifth countries to offer eBay’s new payments experience, after the U.S., Germany and the U.K. “By managing payments on our platform, we are enhancing the eBay experience by breaking down barriers and removing complexities for our customers,” said VP of Global Payments Alyssa Cutright. “We’re excited to roll out the new experience globally this year, with Australia and Canada joining our growing roster of countries.”
June 28, 2019
On the wires
EBay’s New APIs Enable Developers to Create Innovative Experiences at Scale
eBay
“Starting today, eBay is launching new payments API capabilities that will give our third-party developers access to eBay’s new managed payments program, creating more efficient ways to integrate their businesses. The new Finances API provides developers with a more holistic view of transactions on eBay to more seamlessly manage payouts to bank accounts for sellers enrolled in managed payments, get transaction details, and help sellers with accounting and reconciliation. Finances API is an alpha release intended for developer evaluation and feedback. The Account API adds a new capability to determine whether a seller has opted-in to the managed payments program. And, we added a new refund capability to Fulfillment API that enables managed payments sellers to issue full or partial refunds to their buyers.”
March 21, 2019
On the web
EBay Adds Google Pay As New Payment Option
CNET
“The company said Thursday it will let customers pay for items using Google Pay starting in April. The move continues eBay’s effort to become less dependent on PayPal to process its payments. eBay and PayPal, once part of the same company, split in 2015. Since then, both companies have worked to diversify their businesses and avoid relying as much on each other. eBay last year added Apple Pay as a payment option, and it will start processing more of the credit and debit card payments on its site without PayPal. These”
March 14, 2019
On the web
Op-Ed | EBay Is the Un-Amazon, for Better and Worse
The Business of Fashion
“How can a company be both the second-place player in its fast-growing industry – and largely excluded from the conversation about the future of said industry? That’s the weird position occupied by EBay Inc. The company grabs a larger share of the U.S. e-commerce market than Walmart Inc., Apple Inc., and every other retailer besides Amazon.com Inc. The $95 billion of goods and tickets sold on EBay’s sites last year was more than Target Corp.’s annual revenue. EBay has 179 million active shoppers, while Nordstrom Inc. served 35 million shoppers in fiscal 2018.”
July 24, 2018
Top Post
Ebay To Add Support For Apple Pay, Partners With Square Capital On Seller Financing
TechCrunch
“Ebay announced this morning it will begin accepting Apple Pay on its marketplace starting this fall, and has also teamed up with Square Capital on seller financing. The changes come following eBay’s further distancing from longtime partner PayPal, which included the company’s switch to Adyen as its primary payments processing partner, announced earlier this year. At the time, eBay said PayPal would continue to be an option at checkout, but Adyen would become the default over time.”
July 20, 2018
On the web
EBay Paid $573M To Buy Japanese e-Commerce Platform Qoo10, Filing Reveals
TechCrunch
“The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in Flipkart as part of its acquisition by Walmart, but at the same time committed to investing in a new, standalone eBay operation in India, using some of the $1.1 billion in proceeds it made from selling its Flipkart stake to Walmart. EBay had an unsuccessful effort in China which ended in 2006 and it hasn’t returned to the country.”
April 24, 2018
On the wires
eBay and PayPal Finalize New Payments Agreement
“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.”
February 1, 2018
Top Post
EBay is ditching PayPal for a younger, European partner
Quartz
“EBay said it will eventually replace PayPal with a Dutch firm called Adyen as its primary payment processor, more closely integrating payments on its site. The online marketplace expects to have mostly completed the move by 2021, and PayPal will still be offered as a way to pay at checkout until July 2023. The auction site said “PayPal will remain an important partner to eBay,” which is the equivalent of “let’s be friends” in the corporate world (Adyen is about half PayPal’s age).”
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.