While we do not ever foresee us accepting any form of crypto currency to complete a sale, largely due to its volatility and lack of governmental oversight, we do anticipate accepting eBay’s new, unnamed intermediate payment system announced this January and expected to go live later this year. Since its inception, PayPal had always been the favored means of payment on eBay for both domestic and international transactions, which slowly but surely did away with traditional means of payment and provided a measure of comfort for both the buyer and seller whenever a problem arose.
As some of you may already know, eBay and PayPal went their separate ways a couple of years ago and, according to eBay, the auction house is now developing its own proprietary payment system which will be favored over PayPal once it has been fully fleshed out. This means that both we and our eBay customers will now have to add a new payment system to our respective payment portfolios in order to take advantage of any perks this new payment system will likely offer. It will also mean that we will begin accepting eBay’s payment system on our own web site once it has been rolled out. So, whether it be called ePay or Payment with eBay, we’ll post more information on the new payment gateway once the auction house has christened it and prepped it for prime time.
Note: According to CNN, Dutch-based Adyen, who has helped a number of high profile companies handle payments, has been chosen by eBay to support its payment processing. The new system will gradually be rolled out later this year and should be fully implemented by 2021.