Ron Burgundy Posted April 9, 2015 Share Posted April 9, 2015 (Reuters) - PayPal, eBay Inc's electronic payments division, said the two firms had agreed that eBay would not reduce the volume of transactions it channels through PayPal, while continuing to get better rates for its merchants for five years after the two split. PayPal is slated to be separated from eBay's marketplace division in the second half of this year, creating a publicly traded company, which some analysts say will be worth $40 billion. EBay has agreed to ensure it will channel 80 percent of its online gross merchandise sales via PayPal, as it does now, for the next five years, PayPal said in a regulatory filing on Thursday. PayPal, for its part, said it agreed to continue charging eBay merchants less than it does other merchants, which would mean that "PayPal rates for eBay merchants will remain largely consistent with today's pricing relationship". View the full article Quote Link to comment Share on other sites More sharing options...
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