EBay to Shift Payments Business From PayPal to Adyen

eBay announced a shift from PayPal to ADN as their primary payment processor, despite an agreement with PayPal until mid-2020. This decision follows PayPal's forecast falling short of Wall Street estimates. The change is expected to lower payment processing costs for merchants and offer more options for buyers. This move further distances eBay from PayPal after their 2015 split.

What major change did eBay announce regarding their payment processing?

• They are acquiring PayPal.

• They are replacing PayPal with ADN.

• They are discontinuing online payments.

• They are merging with PayPal.

What was a contributing factor to eBay's decision to switch payment processors?

• PayPal's forecasts fell short of Wall Street estimates.

• ADN is a new startup.

• ADN offered a better user interface.

• PayPal's forecasts exceeded expectations.

What year did eBay and PayPal split?

• 2005

• 2020

• 2015

• 2010

What benefit does eBay expect from switching to ADN?

• Higher payment processing costs for merchants.

• Increased fees for sellers.

• Lower payment processing costs for merchants.

• Fewer options for buyers.

What additional advantage does eBay anticipate for buyers with the new payment processor?

• Limited payment methods.

• Higher transaction fees.

• Greater options for buyers.

• Fewer payment options.