eBay has long been a bastion of PayPal payment, but the online auction service is moving away from PayPal-only payments, and will begin offering the option to pay for purchases using Apple Pay by the end of the year.
The rollout will be gradual. At launch, it will only be available to select Marketplace customers, and not for every item. More customers will be added gradually over time The system will be fully deployed across the entire eBay system before the end of 2021.
“Apple Pay is one of the most ubiquitous forms of payments and provides users with an easy, fast and secure way to pay,” said eBay Senior Vice Presidents of Payments Steve Fisher a the annual eBay Open seller conference. “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.”
PayPal recently spun off from eBay as an independent company. The payments solution will continue to be available as a payment option on eBay, at least through 2023.
Apple Pay continues to grow, although the growth rate has likely been slower than Apple would like. Gaining a share of eBay’s auction action will help the payments service grow even more. Apple doesn’t share exact numbers on Apple Pay’s contribution to their services revenue, but the company had all time record revenue from their services division.