# 📰 eBay is ditching PayPal

**URL:** <https://community.monzo.com/t/ebay-is-ditching-paypal/32228>\
**Category:** Fintech Chat\
**Created:** [2 February 2018 08:23 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228 "2018-02-02T08:23:33Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![SC95](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/sc95/32/30201_2.png) [@SC95](https://community.monzo.com/u/SC95)\
**Post date:** [2 February 2018 08:23 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/1 "2018-02-02T08:23:33Z")

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[http://www.cityam.com/279891/ebay-just-ditched-paypal-fintech-startup-unicorn-europe](http://www.cityam.com/279891/ebay-just-ditched-paypal-fintech-startup-unicorn-europe)

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**Author:** ![GalaxyMergirl](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/galaxymergirl/32/15976_2.png) [@GalaxyMergirl](https://community.monzo.com/u/GalaxyMergirl)\
**Post date:** [2 February 2018 09:34 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/2 "2018-02-02T09:34:54Z")

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Maybe behaviour like [this](https://community.monzo.com/t/ebay-paypal-avoiding-dcc-on-forex-payments/29272/7?u=merkitten) has shown them they need to use a more honest provider? One can hope…

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**Author:** ![welshguy99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/welshguy99/32/12992_2.png) [@welshguy99](https://community.monzo.com/u/welshguy99)\
**Post date:** [2 February 2018 10:09 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/3 "2018-02-02T10:09:13Z")

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This news has made my week

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**Author:** ![chistery](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chistery/32/8860_2.png) [@chistery](https://community.monzo.com/u/chistery)\
**Post date:** [2 February 2018 10:29 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/4 "2018-02-02T10:29:51Z")

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I’ll await news on the fees before I decide if it’s a good thing.

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**Author:** ![mark1](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/mark1/32/2467_2.png) [@mark1](https://community.monzo.com/u/mark1)\
**Post date:** [2 February 2018 10:32 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/5 "2018-02-02T10:32:15Z")

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Starting to get annoyed with the loose term of “fintech startup” Adyen are pretty huge and been around for while.

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**Author:** ![SC95](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/sc95/32/30201_2.png) [@SC95](https://community.monzo.com/u/SC95)\
**Post date:** [2 February 2018 10:37 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/6 "2018-02-02T10:37:28Z")

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> [@mark1](#):
>
> loose term of “fintech startup”

Agree, I guess whoever wrote this CityAM article hasn’t heard of them 😄

A better version of this news is on FT

> **[Payments group Adyen wins eBay contract as it lines up to float](https://www.ft.com/content/d4e3e67c-0752-11e8-9650-9c0ad2d7c5b5)**
>
> Dutch company already has contracts with Uber, Netflix and Facebook

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**Author:** ![welshguy99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/welshguy99/32/12992_2.png) [@welshguy99](https://community.monzo.com/u/welshguy99)\
**Post date:** [2 February 2018 10:37 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/7 "2018-02-02T10:37:29Z")

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I would almost be happy paying more just to stick two fingers up at Paypal!

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**Author:** ![anon41219820](https://avatars.discourse-cdn.com/v4/letter/a/e95f7d/32.png) [@anon41219820](https://community.monzo.com/u/anon41219820)\
**Post date:** [4 February 2018 01:31 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/8 "2018-02-04T01:31:55Z")

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I wonder how the money will be sent to people’s bank accounts? PayPal worked well for sellers in the sense you had a wallet of money that wasn’t associated with eBay.

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**Author:** ![anon23935806](https://avatars.discourse-cdn.com/v4/letter/a/58f4c7/32.png) [@anon23935806](https://community.monzo.com/u/anon23935806)\
**Post date:** [4 February 2018 01:52 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/9 "2018-02-04T01:52:09Z")

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Presumably just standard bank transfer, which to be fair is good enough - PayPal-style “wallets” have their uses but nobody needs one if they just want to sell something online.

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**Author:** ![anon14638805](https://avatars.discourse-cdn.com/v4/letter/a/d78d45/32.png) [@anon14638805](https://community.monzo.com/u/anon14638805)\
**Post date:** [4 February 2018 14:19 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/10 "2018-02-04T14:19:06Z")

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Good news! I got interested in fintech following issues with Paypal, not related to eBay.

(Apart from the eBay perks, where an Adyen account will replace Paypal) Can a Monzo current account replace Paypal anywhere that takes card payments?

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**Author:** ![anon23935806](https://avatars.discourse-cdn.com/v4/letter/a/58f4c7/32.png) [@anon23935806](https://community.monzo.com/u/anon23935806)\
**Post date:** [4 February 2018 14:47 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/11 "2018-02-04T14:47:26Z")

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Presumably Adyen wouldn’t offer accounts at all because 90% of people just want to sell their stuff and not get yet another account. The remaining 10% will keep using PayPal and everyone is happy.

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**Author:** ![Ordog](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/ordog/32/22446_2.png) [@Ordog](https://community.monzo.com/u/Ordog)\
**Post date:** [10 November 2020 14:27 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/12 "2020-11-10T14:27:45Z")

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> [@anon41219820](#):
>
> I wonder how the money will be sent to people’s bank accounts?

Worry no more 😂

 ![20201110_142605](https://global.discourse-cdn.com/monzo/original/3X/e/c/ecb07b2a6336d62f0fc51f8480c6d72843b27222.jpeg)

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**Author:** ![Gaoler](https://avatars.discourse-cdn.com/v4/letter/g/71e660/32.png) [@Gaoler](https://community.monzo.com/u/Gaoler)\
**Post date:** [10 November 2020 20:04 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/13 "2020-11-10T20:04:58Z")

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Given how long the partnership has gone on, this is simply huge

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**Author:** ![Chapuys](https://avatars.discourse-cdn.com/v4/letter/c/e9a140/32.png) [@Chapuys](https://community.monzo.com/u/Chapuys)\
**Post date:** [10 November 2020 20:44 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/14 "2020-11-10T20:44:47Z")

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This news was announced almost 3 years ago so shouldn’t be such a shock. eBay was clear then that the operating agreement with PayPal “has not been extended and it will not be extended” and that the split would benefit sellers as well as buyers.

I think eBays new payment processor will be live by the end of the year and the next interesting step will be 2023 when the PayPal contract fully ends and will no longer have to be offered as ‘first choice’ for eBay.

> **[eBay drops PayPal as first choice for payments](https://www.bbc.co.uk/news/business-42905465)**
>
> The online marketplace says the move will benefit both sellers and buyers.

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**Author:** ![DaveJ](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/davej/32/73301_2.png) [@DaveJ](https://community.monzo.com/u/DaveJ)\
**Post date:** [10 November 2020 21:28 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/16 "2020-11-10T21:28:39Z")

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If I can’t use PayPal credit once the full contact is over then that’s me not buying anything from eBay and I’ll just scour the internet for what I need 🤣

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**Author:** ![Ordog](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/ordog/32/22446_2.png) [@Ordog](https://community.monzo.com/u/Ordog)\
**Post date:** [10 November 2020 22:06 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/17 "2020-11-10T22:06:13Z")

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It does make you wonder how they’re going to offer buyer protection.

Paypal were good at siding with the buyer, but with money going straight into the sellers account I can’t see it being straight foward to retrieve should the worst happen.

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**Author:** ![Juggy69](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/juggy69/32/29011_2.png) [@Juggy69](https://community.monzo.com/u/Juggy69)\
**Post date:** [11 November 2020 08:06 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/18 "2020-11-11T08:06:42Z")

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Not used eBay or PayPal for years in any meaning full way, and never will so not bothered either way 😂😂😂

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**Author:** ![Anarchist](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/anarchist/32/27895_2.png) [@Anarchist](https://community.monzo.com/u/Anarchist)\
**Post date:** [11 November 2020 08:09 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/19 "2020-11-11T08:09:47Z")

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> [@Ordog](#):
>
> Paypal were good at siding with the buyer, but with money going straight into the sellers account I can’t see it being straight foward to retrieve should the worst happen.

Direct debit, perhaps?

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**Author:** ![chistery](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chistery/32/8860_2.png) [@chistery](https://community.monzo.com/u/chistery)\
**Post date:** [11 November 2020 08:17 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/20 "2020-11-11T08:17:27Z")

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PayPal would often hold onto money in case there was a dispute so eBay could do something similar.

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<div class="post-metadata">

**Author:** ![Ordog](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/ordog/32/22446_2.png) [@Ordog](https://community.monzo.com/u/Ordog)\
**Post date:** [11 November 2020 09:43 UTC](https://community.monzo.com/t/ebay-is-ditching-paypal/32228/21 "2020-11-11T09:43:43Z")

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Except the email states that you get paid **directly** into your bank account. So my understanding is that there is no intermediary 🤷‍♂️

[Next page](https://community.monzo.com/t/ebay-is-ditching-paypal/32228.md?page=2)
