EBay Grabs Slice Of German Online Payment Market

Law360, New York (December 22, 2011, 7:25 PM EST) -- Online marketplace host eBay Inc. gobbled up another online payment provider with the acquisition of leading German Web payment facilitator BillSAFE for an undisclosed amount, the company announced Thursday.

BillSAFE will be combined with eBay's own online payment service, PayPal, which already operates in more than 20 countries, including Germany. BillSAFE's 15 million German accounts will be added to PayPal's 103 million worldwide, the largest of any online payment provider, according to eBay.

Security is the main strength of BillSAFE's purchase-on-invoice system, which gives European users...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.