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EBay Acquiring VeriSign Processing for $370 Million

Posted by ScuttleMonkey on from the spending-money-to-justify-spending-more dept.

Forum124 was one of the first in a wave of readers to tell us that eBay is acquiring VeriSign's payment processing business for US$370 million. VeriSign will be merged with PayPal and is estimated to generate a 20 percent operating margin which eBay hopes to help offset the recently reported high purchase price of Skype.

1 of 123 comments (clear)

  1. Re:Well, let's put it like this by ScentCone · · Score: 0, Flamebait

    Point of clarification: for roughly a year now, perhaps longer, PayPal has allowed you to set up a checkout/payment loop that does NOT require the buyer to create a PayPal account - they just fill in the CC info and go. They CAN start a PayPal account if they want, but they don't have to. I've found it to be pretty non-intrusive when I've seen it used. No, it's not as smooth as integrating proper merchant account processing, but for many small businesses, it's just fine, and their customers know who they're dealing with.

    --
    Don't disappoint your bird dog. Go to the range.