PayPal Shares Dropped 10%

- Feb 05, 2018-

  On February 1, eBay will no longer designate PayPal as a payment service and will use Adyen to process payment transactions, which Adyen is a competitor to PayPal.

  As soon as the news spread, PayPal shares dropped 10%.It is understood that before July 2023 eBay consumers can still use PayPal as a payment service, but Adyen will gradually take over eBay's payment business.

  It is reported that this year will first start in North America, by 2021 will dispose of most of the transactions.

  Currently, when consumers settlement, can remain in eBay, using Adyen service, you can also leave the site, using PayPal settlement. ——