eBay Can Finally Manage Payments Unhampered by PayPal as Agreement Expires

eBay (NASDAQ: EBAY) announced today that it will begin a massive expansion of the payments processing business on its platform. Until now, the company has faced certain restrictions due to an agreement with PayPal (NASDAQ: PYPL), which has expired.

eBay said it is now "free to move quickly" with a broader rollout of its payments business worldwide, and is currently expanding in five countries: the U.S., Germany, the U.K., Australia, and Canada, with more to follow. 

Image source: eBay.

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Source Fool.com