Business Insider, February 1, 2018: PayPal’s getting whacked after eBay announces a new payment partner
PayPal Holdings Inc’s shares fell as much as 12 percent in after-hours trading on Wednesday after former parent company eBay Inc said it had signed up a new primary payment processor.
EBay said it will start processing payments globally using Dutch payments company Adyen, allowing its users to remain on the eBay website when checking out.