PayPal slammed after eBay snubs it for another payment partner (PYPL)
|02/01/2018||Posted by BusinessMediaguide.Com under General World News||
- PayPal‘s stock fell on news that eBay has signed up with a new primary payment processor.
- EBay accounts for 13% of PayPals processed payments.
- PayPal will remain on eBay’s platform until at least July 2023.
- Watch PayPal’s stock in real time here.
Shares of PayPal slipped after news broke that eBay, PayPal’s former parent company, signed up with a new primary payment processor.
It’s stock was at $85.48 per share before it announced earnings on Wednesday. After PayPal reported the news in its earnings release, its shares fell as much as 12% in after-market trading. This morning, it was down 9.69% read more >>>