Maybe behaviour like this has shown them they need to use a more honest provider? One can hope…
This news has made my week
I’ll await news on the fees before I decide if it’s a good thing.
Starting to get annoyed with the loose term of “fintech startup” Adyen are pretty huge and been around for while.
Agree, I guess whoever wrote this CityAM article hasn’t heard of them
A better version of this news is on FT
I would almost be happy paying more just to stick two fingers up at Paypal!
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.
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.
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?
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.