Web

Changes at eBay are on the way as it reduces ties with PayPal

ebay paypal adyen hq
Ken Wolter / Shutterstock
Attention, eBay shoppers and sellers. Changes are on the way.

The ecommerce giant is planning to ditch PayPal as its primary payments processor and replace it with Adyen, an outfit you may not have heard of but which already has big-name clients that include Netflix, Uber, and Spotify.

The online resale giant said it will make the move in 2020 when the current deal with PayPal expires. PayPal will remain a payment option for eBay shoppers, but will no longer be featured prominently.

Netherlands-based Adyen is a global online payments firm that was founded in 2006. It provides back-end payment services that include point-of-sales systems and credit card processing. The partnership with eBay means shoppers will stay within the eBay website when they go to pay, instead of being taken to an external service to complete a transaction.

In other words, for buyers the change will result in a more integrated user experience, with the shopping site itself taking care of the entire checkout process, “delivering a more streamlined experience for consumers,” eBay said. With PayPal staying on eBay (at least for now), the addition of a new system also means more payment options.

Sellers will also see some benefits, as eBay promises “most” sellers will see a reduction in costs related to payments processing, and also benefit from “a simplified pricing structure and more predictable access to their funds.”

Ultimately, the change has the potential to result in more sales, eBay says, as the new system will expand payment options into more markets and also offer buyers more choice in how they pay, thereby improving the shopping experience.

The new payment system will be introduced gradually, beginning on a small scale in North America in the second half of 2018, with full integration expected to be completed by 2021. eBay has signed a deal with PayPal to keep it as a payment option on its marketplace until at least 2023.

“In a rapidly changing and competitive ecommerce landscape, shoppers expect to be able to both shop and checkout on the site on which they transact,” eBay said in a blog post. “Building out eBay’s payments capabilities is the next step in the company’s strategy, with the goal of driving significant benefits and efficiencies for its buyers and sellers globally.”

PayPal was acquired by eBay in 2002 for $1.5 billion, and eBay spun off the online payments company in 2015.

According to Adyen‘s own data, its business is growing fast, as it processed $50 billion worth of transactions in 2015, up from $14 billion in 2013. To what extent eBay’s move will affect PayPal’s business isn’t yet clear.

Computing

Crypto-intrigued? Here's how to buy Bitcoin for the first time

Is it time to purchase your first Bitcoin investment? If you're ready to get involved in the cryptocurrency, we'll walk you through how to pick an exchange, how to choose the right wallet, and how to buy Bitcoin the safe way!
Home Theater

From the Roku Ultra to the Fire TV Cube, these are the best streaming devices

There are more options for media streamers than ever, so it’s more difficult to pick the best option. But that’s why we're here. Our curated list of the best streaming devices will get you online in no time.
Movies & TV

How to watch NFL games online, with or without cable

The NFL's 2018 season is here, and we know you don't want to miss a moment of the action. Our comprehensive streaming guide will show you all the best options to watch the games online so you can make the right choice for you.
Photography

The best place to print photos online: Seven top photo labs

Have you been looking around for the best place to print out your favorite photos online? Don't fret, we've pored through dozens of options and narrowed it down to the seven best.
Computing

Having issues with Microsoft Edge? Here's how to fix the most common problems

If you're feeling frustrated with Microsoft Edge, or have run into a serious problem with Windows 10's built-in browser, take a look at these common issues and the solutions that can help you get back on track.
Music

Spotify vs. Pandora: Which music streaming service is better for you?

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.
Computing

The browser-based Monero miner Coinhive generates around $250,000 each month

Despite a fall in cryptocurrency mining, the Coinhive Monero miner is still highly active, generating around $250,000 each month. Coinhive also contributes 1.18 percent of the total mining power behind the Monero blockchain.
Computing

The Andromeda botnet still lingers as nations struggle to clean infected PCs

A report by Fortinet suggests that although the FBI and Europe ended the Andromeda botnet’s reign in late 2017, there are still infected PCs. Cleaning up these PCs isn’t progressing at the same pace across various regions.
Web

FatCam: Museum of London’s livestream of a rancid hunk of sewage proves popular

A London museum put part of a fatberg on display earlier this year and the putrid muck proved to be a surprise hit with visitors. Keen to share it with a wider audience, the fatberg is now starring in its very own livestream.
Computing

Australian student hacks into Apple, steals 90GB of data because he’s a ‘fan’

A 16-year-old student in Australia broke into Apple’s network multiple times for an entire year to download 90GB of “secure” data and access customer accounts. He did this because he was a "fan."
Web

Wikipedia taps streetwear brand to design fundraising apparel

What's white, features the WIkipedia logo, and has the words "internet master" emblazoned on one side? Why, it's a shirt designed by a streetwear brand to raise funds for the internet's most popular encyclopedia.
Web

Google claims censored search in China is ‘not close’ as employees protest

Google CEO, Sundar Pinchai, has promised employees that the company is "not close" to releasing a censored search product in China, despite claims that it was working on such a project.
Web

Adobe Spark Page makes web design easy — here’s how to use it

Using artificial intelligence and simple tools, Adobe Spark Page is designed for easy web page design. Here's how to use Adobe Spark Page to create a travel journal, event page or any other one-page website.
Movies & TV

'Prime'-time TV: Here are the best shows on Amazon Prime right now

Amazon Prime brings more perks than just free two-day shipping. Subscribers get access to a huge library of TV shows to stream at no extra cost. Here are our favorite TV shows currently available on Amazon Prime.