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Ebay to acquire PayPal - Straight from the horses mouth

| Business, Financial & Legal News | Posted: Jul 23, 2002 6:28 am

One could have seen this coming. Ebay and Paypal have teamed up, a perfect combo when you think about it.

 

As you may have heard, PayPal recently agreed to be acquired by eBay¬ô. Both companies share a common goal -- to enable PayPal members and eBay users to transact with greater ease, speed and safety -- and we look forward to working with eBay to achieve this goal.

 


Still the Same PayPal

 

When the acquisition is finalized later this year, the PayPal brand and website will remain distinct from eBay's, and PayPal will be run as an independent unit by the same team that's working here today.

 

PayPal will also continue to offer a wide variety of non-auction services, including our Web Accept tools that let sellers accept payments directly from a website.

 


Exciting Improvements

 

eBay's purchase of PayPal does mean that we'll be able to pursue some exciting improvements. Once the acquisition is completed, PayPal will be fully integrated into eBay's website, making it even easier for you to use PayPal for eBay auctions.

 

And PayPal's commitment to rapidly developing new, innovative features for our auction sellers, website merchants, and consumers isn't going to change. In the months to come you'll see many major new features from us, including:
Transactions in Multiple Currencies
Enhancements to our Shipping service
Additional tools for making online payments
We believe that our acquisition by eBay will enable us to focus on building the best payment tools for you.

More information at Ebay and Paypal

 

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