Shoppers at eBay Will Now Be Able to Use Apple Pay for Purchases
Last updated June 16, 2021
- eBay is moving away from its PayPal-reliant payments system and announced its partnership with Apple Pay for payments.
- Apple Pay is one of the first options available on the new eBay payments platform outside of card-based payment methods.
- The new payments platform on eBay will allow both shoppers and sellers to incur lesser charges.Â
While PayPal is one of the most reliable payments services in the world, its high processing charges can be a bit too steep for online shoppers and businessmen alike on platforms like eBay. The e-commerce giant is slowly transitioning to a new payments platform, that will include a large number of payment methods, and Apple is one of the first brands to partner with the online shopping site.
SVP of Payments at eBay Steve Fisher revealed "Apple Pay is one of the most ubiquitous forms of payments and provides users with an easy, fast and secure way to pay. Offering Apple Pay as a form of payment on eBay is the first step in providing more choice and flexibility in payment options to our tens of millions of buyers."
An integrated payments system developed by Amsterdam-based company Ayden was showcased earlier this year by the shopping platform. The new payments platform is just a back-end service but has the ability to offer alternatives to PayPal without requiring users to log in to other services for payments.
Financing service Square will also be teaming up with the e-commerce company to offer its quick financing services. Sellers on the e-commerce platform can apply for loans ranging between $500 and $100,000 to fund their online stores and grow their business. The service will be limited to sellers based in the United States only.
Apple Pay is now one of the first official payment options to become available on eBay. Once enough payment providers have been added to eBay, the platform will no longer offer PayPal as a payments option. eBay and PayPal have been partnered since the shopping website’s inception, but the two companies split in 2015 due to pressure from shareholders, differences in strategic priorities and the e-commerce company's overnight increase in value.
What do you think about the move by the e-commerce giant to transition away from PayPal? Let us know in the comments below. Also, to get instant tech updates, Follow TechNadu’s Facebook page, and Twitter handle.
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