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Business Insider: PayPal’s getting whacked after eBay announces a new payment partner

Business Insider, February 1, 2018: PayPal’s getting whacked after eBay announces a new payment partner

PayPal Holdings Inc’s shares fell as much as 12 percent in after-hours trading on Wednesday after former parent company eBay Inc said it had signed up a new primary payment processor.

EBay said it will start processing payments globally using Dutch payments company Adyen, allowing its users to remain on the eBay website when checking out.

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