eBay announced last Thursday that it would no longer use PayPal as its primary processing service. Moving to Ayden, a Netherlands based firm and promising lower costs for consumers and a more streamlined customer experience. PayPal was acquired by eBay in 2002 and spun off in 2014 after pressure from activist investor Carl Icahn. The two remain contractually related until 2023.
Tag: payment
Stock Photography Profits to the Photographer
Imagine a site with amazing stock photos. Now imagine that the majority of the profits go directly to the photographers. That is exactly what Bruce Livingstone and Brianna Wettlaufer created not once, but twice. Previously they owned iStock which billed itself as “by creatives, for creatives.” This business was later acquired by Getty Photos. As the amount of royalties paid to photographers began to lessen, the team decided it was time to start again. Together they created Stocksy, where photographers are paid 50-75% of sales as well a 90% distribution of profits at the end of the year. Next time you need a stunning stock photos, give Stocksy a look.
A New Wrinkle in the Gig Economy: Workers Get Most of the Money