Tag: EBay

Activity, Channels, Retail Banking

eBay split from PayPal for paying sellers comes into effect

June 3, 2021

Via: Banking Technology

Previously eBay charged a flat 10% of the sale price, including postage, with PayPal taking a cut of 2.9% of the final amount, including postage, plus a small sum for each transaction. As of 1 June, eBay is charging a […]


Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra

October 14, 2019

Via: Banking Technology

The Financial Times and Bloomberg reported the decisions by five heavy-weight backers to pull out of the project, which now leaves Libra with no major US payment processor following PayPal’s drop out too earlier last week. On Wednesday last week, […]


PayPal: Good News (BofA Merrill Lynch Partnership), Bad News (Bye Bye EBay)

February 2, 2018

Via: Bank Innovation

Good news and bad news for PayPal. Good news: Bank of America Merrill Lynch announced a partnership with the payments platform that enables BofA’s U.S.-based commercial clients to make payments in international payments in local currencies to payees with PayPal […]