eBay to ditch PayPal for Adyen

[tsquale]

eBay announced today that they're working to switch from PayPal to Adyen as their preferred vendor for payments, promising lower seller free and more seamless transactions. PayPal stock took a 10% dump following the announcement.

Has anyone heard of or used Adyen before?

Source: https://www.ebayinc.com/stories/news/ebay-to-intermediate-payments-on-its-marketplace-platform/?utm_source=301Redirect&utm_medium=301Redirect&utm_campaign=301Redirect

 

[kerry4951]

eBay announced today that they're working to switch from PayPal to Adyen as their preferred vendor for payments, promising lower seller free and more seamless transactions. PayPal stock took a 10% dump following the announcement.

Has anyone heard of or used Adyen before?

Source: https://www.ebayinc.com/stories/news/ebay-to-intermediate-payments-on-its-marketplace-platform/?utm_source=301Redirect&utm_medium=301Redirect&utm_campaign=301Redirect

I never heard of Adyen

 

[Doyle257]

Wasnt Paypal started by eBay?

 

[Stampeed Valkyrie]

Wasnt Paypal started by eBay?

I don't know if they started the company but they did own Paypal until just recently.

And lets be honest here... I don't sell all that frequently on Ebay however the fees between Ebay and Paypal are ridiculous.

 

[tsquale]

Wasnt Paypal started by eBay?

Yes. In 2015 they became fully separate companies

 

[unlisted]

Apparently they are rather big.. I'm surprised I've never heard of them.

https://en.m.wikipedia.org/wiki/Adyen

 

[BLUELIGHT]

Never heard of them either.