eBay has axed PayPal, selecting Apple Pay as Payment Option

PayPal Stock shows no big fluctuation

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In the updated payment rules (May 31), the eBay discards PayPal and requires eBay sellers to opt for ‘Bank Account’ transfer to claim earnings in eBay account.

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It means that following the first day of June, there is no place for PayPal as ‘middle man’ in eBay’s payment option.

The sellers need to provide the eBay the direct access to their legitimate debit bank account.

This updated ‘manage system’ of payment is compulsory for all eBay sellers. Sellers who do not wish to comply the new payment rules, the eBay might either ‘limit’ or ‘remove’ the listings of those respective sellers!

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Since earning in eBay’s account will be transferred directly to the bank account, there will be no PayPal fee on total sales.