- Information Technology
- Lead News
eBay sellers can not use PayPal anymore under new terms
- Information Technology
- Lead News
- 02 June, 2021 23:07:09
Photo: Collected
CNI Desk: New terms of use for eBay have come into effect which mean the online auction house will now pay sellers directly rather than through PayPal.
PayPal was acquired by eBay in its early days in 2002, and the two firms have worked in partnership ever since.
The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts.
But some sellers have threatened to stop using the service over the move.
Effective from June 1, the new "managed payments" system is compulsory, and the company has the power to limit or remove listings from sellers who refuse to use it.
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