Report: eBay has Stopped Accepting Amazon's Bill Me Later Payments
Friday, January 02, 2009
From the Triad Business Journal:
Amazon.com Inc. has stopped accepting payment through eBay Inc.'s Bill Me Later system, according to reports Wednesday.
Seattle, Wash.-based Amazon (NASDAQ:AMZN) most likely decided to wait until after the holiday season to stop the service, company watchers speculated.
San Jose-based eBay (NASDAQ:EBAY) bought Bill Me Later for about $1 billion in October; before that Amazon owned a 10 percent stake in the company.
Investment bank Friedman Billings Ramsey said Amazon on Tuesday let merchant partners know about the change, which went into effect Wednesday.
Amazon.com Inc. has stopped accepting payment through eBay Inc.'s Bill Me Later system, according to reports Wednesday.
Seattle, Wash.-based Amazon (NASDAQ:AMZN) most likely decided to wait until after the holiday season to stop the service, company watchers speculated.
San Jose-based eBay (NASDAQ:EBAY) bought Bill Me Later for about $1 billion in October; before that Amazon owned a 10 percent stake in the company.
Investment bank Friedman Billings Ramsey said Amazon on Tuesday let merchant partners know about the change, which went into effect Wednesday.
posted by Chris and Frank at 5:38 PM
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