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Ebay buys PayPal

Posted by CmdrTaco on from the i-think-ebaby.com-should-sell-children dept.

mdahlman was among several readers who submitted the story that eBay has bought Paypal in a deal worth $1.5B in stock. The article is mostly numbers and money related stuff, but it also briefly mentions some of the controversy surrounding eBay.

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  1. Official answer from eBay on Billpoint and more... by wideangle · · Score: 4, Informative

    What will happen to eBay Payments (Billpoint) users?

    "eBay Payments (Billpoint) will continue to function as a provider of online payment services until the acquisition is finalized around year-end 2002. At that time we plan to phase out eBay Payments (Billpoint) as we integrate PayPal into our platform. Since a majority of eBay Payments (Billpoint) users already use PayPal too, the transition will be quite simple for them. For eBay Payments (Billpoint) users who have never used PayPal, we will work closely with them to make sure that the transition happens in the most user-friendly way possible."

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