As of July 20, 2015 eBay and PayPal have gone their separate ways, leaving PayPal to move out from under the shadow of eBay and form its own publicly traded company. The split is intended to help both companies grow larger and faster in their own respective markets.
PayPal has an entire page dedicated to the changes.
eBay and PayPal are now separate companies, which means we are no longer part of the same group of companies. But you can be confident this won’t change our commitment to our customers. We’re more excited than ever to bring you a seamless, enjoyable experience.
We’ll also continue to share some customer information between eBay and PayPal to provide you the same level of customer support and fraud detection.
And then from eBay’s site:
We are setting out on the next phase of a journey that began nearly two decades ago, and will continue well into the future.
eBay has a proud heritage as one of the world’s leading ecommerce and technology companies. We really have changed the world, and the spirit of innovation and sense of purpose is in the water here.
Today we are building on our history but we are also embarking on a new beginning. This next chapter will be driven by our strengths and grounded in our deeply held Purpose of empowering people and creating opportunity through Connected Commerce.
Millions of people rely on us every day – to fuel their businesses and sustain their families and communities. We help level the economic playing field and break down barriers to trade for them.
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Focusing on our core means more innovation. Focusing means we apply all our energy and creativity in doing things differently, and better, for our community.
This includes some core planks of our strategy:
- A more robust commerce platform: We are using structured data to improve discoverability and user experience; grow and diversify our traffic sources; and invest in the reliability, security and stability of our platform
- A vibrant marketplace: We are bringing unique inventory across a great spectrum of value to engage new and existing buyers. And we are laser focused on attracting sellers who will bring this inventory to our site.
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Elevated product and brand experiences: We are creating beautiful, accessible and simplified multi-screen buying and selling experiences. Many of our new mobile experiences, such as our iPad and Apple Watch apps, show the path to come.
Hopefully it won’t cause any hiccups when doing business with either company. Of course, only time will tell.
