Flush PayPal seen eclipsing parent eBay
Auction site struggles as pay service looks to grow
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Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay’s biggest business will likely be PayPal, the online payments service that has been growing steadily even as the economy has stumbled.
EBay has spent much of the past two years trying to improve its faltering marketplace business, hoping to increase buyers’ trust and clean up the look of its Web site. In the meantime, PayPal has thrived as more consumers and merchants use it to send money online.
Its growth is expected to continue in spite of competition from Amazon.com Inc. and Google Inc., which have services that online retailers sometimes offer alongside PayPal.
PayPal bills ...
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Business, Pages 23 on 11/09/2009
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