The website has also announced that teamed up with Square Capital to give sellers access to funds they can borrow.
eBay is spreading its wings now that it has officially started transitioning to a non-PayPal payment system. This fall, it’s adding Apple Pay as one of its first options on the new payment platform, giving people a way to purchase goods through eBay’s mobile app or through its website on Safari using Cupertino’s digital wallet.
The option will initially be available to a small group of Marketplace customers given the chance to participate in the first phase of Apple Pay’s rollout, so buyers won’t be encountering it at every turn yet.
„The company is on track to start managing payments on a limited scale in the US early this fall, at which time buyers will be able to use Apple Pay to purchase items from sellers participating in the initial phase of the new payments experience. Using Apple Pay on Apple iOS and Safari, consumers will be able to check out on eBay via the app and mobile web.”, according to the press release.
eBay will continue to expand its payments initiative in 2019 and „expects to have transitioned a majority of its Marketplace customers to its new payments experience by 2021.”, says the company. As the company scales its new payments experience to include more volume in more geographies, Apple Pay will be available to more customers, on more items and in more regions.
Steve Fisher, eBay’s SVP of Payments, said in a statement: „Apple Pay is one of the most ubiquitous forms of payments and provides users with an easy, fast and secure way to pay. Offering Apple Pay as a form of payment on eBay is the first step in providing more choice and flexibility in payment options to our tens of millions of buyers.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: