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EBay Investors Cheer Move to Ditch PayPal as Main Payments Partner

Shares of eBay hit an all-time high on Thursday after the e-commerce platform unveiled a plan to take more control of customer payments from long-standing partner PayPal, a move analysts said would help it compete better with Amazon. Dutch fintech company Adyen will become eBay's primary payments processor under the plan, which seeks to have more transactions conducted directly on eBay's sites. Analysts said that might bring in more revenue for eBay while lowering costs, adding...

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