It won’t be long before you can use Apple Pay to snag items on eBay.
Ebay has announced that it will begin accepting Apple Pay in the fall.
PayPal will continue to be a payment option on EBay at least until July 2023. The companies have been slowly unwinding from each other according to the terms of a separation agreement. EBay remains a significant source of business for PayPal. PayPal says any loss of EBay business is offset by growth in helping small businesses sell on other marketplaces and their own sites. That businesses totaled $65 billion in yearly payments volume, which was growing at more than 40 percent per year, compared to EBay’s single-digit sales growth, PayPal told investors in April.
The transition could give Apple Pay an additional boost as well as shore up some sales for loyal iPhone users who occasionally back out of purchases when Apple Pay isn’t accepted. Apple gets a small fee from transactions made on the platform.
So, if you love Apple Pay and you love eBay, this could be a spiffy thing.
Stay tuned for additional details as they become available.
Via Bloomberg