Do you eBay? Do you PayPal?

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.

EBay is dropping PayPal; if you’re a customer, here’s what you need to know