eBay sellers can no longer use PayPal under new terms

Sun Online Desk

2nd June, 2021 03:47:24 PM printer

eBay sellers can no longer use PayPal under new terms

New terms of use for eBay have come into effect which mean the online auction house will now pay sellers directly rather than through PayPal.

PayPal was acquired by eBay in its early days in 2002, and the two firms have worked in partnership ever since.

The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts.

But some sellers have threatened to stop using the service over the move.

Effective from June 1, the new "managed payments" system is compulsory, and the company has the power to limit or remove listings from sellers who refuse to use it.

(BBC)


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