eBay says the addition of Google Pay represents a significant step in giving its customers more flexibility in how they pay. The e-commerce player intends to continue scaling the managed payments program to include more payment options and process volume and expects to intermediate a majority of payments on its marketplace platform in 2021. In terms of its relationship with PayPal, eBay noted that it’s working to have PayPal on intermediated payments some time soon.
“With these new payment options and those we’re looking to add in the future, we’re increasing customer choice and making the buying experience easier and faster,” said Alyssa Cutright, eBay’s VP of global payments, billing and risk. “Our managed payments experience gives eBay the opportunity to create a fully modern marketplace, meeting the demand for new ways to pay and allowing sellers to reach previously inaccessible buyers. Simply put, more things are possible at eBay because we’re managing payments.”
Read more.. Source ZDNet