Later this year, Australia
and Canada will be the fourth and
fifth countries where eBay will manage payments.
SAN JOSE, Calif., April 20, 2020 /PRNewswire/ -- As eBay
continues to modernize its marketplace and create a more
streamlined experience for buyers and sellers, the company is
expanding its management of payments to Australia and Canada later this year. Australia and Canada are the fourth and fifth countries to
offer eBay's new payments experience, after the U.S., Germany and the U.K.
"By managing payments on our platform, we are enhancing the eBay
experience by breaking down barriers and removing complexities for
our customers," said VP of Global Payments Alyssa Cutright. "We're
excited to roll out the new experience globally this year, with
Australia and Canada joining our growing roster of
countries."
"As Australia's number one online shopping destination, we are
thrilled to be offering more choice to buyers in how they pay. And
for our 40,000 Australian small-and medium-sized businesses, they
will be able to sell and get paid all in one place," said Managing
Director of eBay Australia Tim MacKinnon. "Now more than ever,
running a small business is tough and we are pleased to make it
easier and lower costs for most sellers as we manage payments."
"This change will improve how Canadian buyers and sellers
transact on eBay by allowing them more choice and a seamless
payment experience," said General Manager of eBay Canada Rob
Bigler. "We look forward to bringing this important upgrade to
Canada and will be supporting our
sellers to ensure a timely and smooth transition."
eBay plans to offer buyers in Australia and Canada a variety of payment options, including
credit card and PayPal. Apple Pay will be available as a payment
option on iPhone and iPad. Google Pay will also be available on the
eBay site as well as on the eBay Android App. The company has
recently enabled Afterpay as a payment option for buyers in
Australia and Paybright as a
payment option for buyers in Canada.
The rollout has been paced by the terms of the Operating
Agreement with PayPal, which expires in July. eBay started managing
payments on its platform in the U.S. with a select group of sellers
in September 2018 and expanded the
experience to Germany in September
2019.
The company has made tremendous progress with its new payments
experience, having processed more than $2
billion in GMV for over 25,000 sellers, and saving sellers
almost $10 million as of the end of
Q4 2019. Later this year, the company will continue its global
expansion and expects to have transitioned a majority of the
sellers on its marketplace into the new payments experience in
2021.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader including
the Marketplace and Classifieds platforms. Collectively, we connect
millions of buyers and sellers around the world, empowering people
and creating opportunity for all. Founded in 1995 in San Jose, California, eBay is one of the
world's largest and most vibrant marketplaces for discovering great
value and unique selection.
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SOURCE eBay Inc.