PayPal may benefit from eBay's push from nest

PayPal may benefit from eBay's push from nest”

For the quarter ending Jun-18, 32 analysts have a mean sales target of 3,736.74 million whilst for the year ending Dec-18, 24 analysts have a mean target of 15,152.40 million.

As a customer, PayPal may appear to be an on-the-platform payments experience already but ever since eBay and PayPal parted ways, eBay is not control of payment processing as PayPal handles that end of the transaction. Comparatively, 81.5% of PayPal Holdings shares are held by institutional investors.

MacRumors reports that eBay recently announced that they will be replacing PayPal as their main payment processor as they phase out their 15-year-long partnership with the company. "With the announcement that eBay will begin to take over payments on the marketplace from PayPal, this opens up new revenue and profit opportunities over the long term", said Sebastian. PayPal has for some time been transforming into a company working with numerous big names in technology, including Apple and Google.

Adyen's name may not be well-known in the United States, but the company does count Uber, Netflix and Spotify among the companies that use its technology for processing customer payments. The company's business is exclusively focused on providing back-end payments services like credit card processing to businesses, which means unlike PayPal, users won't see any Adyen payment buttons pop up on eBay. During these years, eBay will make the transition to full payment intermediation.

"The way that sellers engage with eBay in an intermediated landscape will, for the most part, be very similar as they do today", eBay reports.

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Paypal (NASDAQ PYPL) traded down $7.26 during trading on Thursday, hitting $78.06.

But Bill Ready, the payment processing company's COO, said investors need time to digest this news.

EBay represents 13 percent of PayPal's total payments volume, according to company filings.

The biggest change for buyers is that they will be able to stay within the eBay ecosystem for checkout rather than being directed to PayPal before completing a purchase. At present time the stock is moving 34.74% away to its 200-day moving average. The credit services provider reported $0.55 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.03.

"Building out eBay's payments capabilities is the next step in the company's strategy, with the goal of driving significant benefits and efficiencies for its buyers and sellers globally". However, eBay expects most of its payments to be processed by Adyen by 2021.

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