Money Paypal Inc. 'PayPal let scammers steal £650 from my bank account after I sold my phone on eBay' EXCLUSIVE: PayPal customer Richard Edy decided to sell his phone online in the run up to ...

PayPal's customer base extended well beyond eBay, as did its disruption of traditional online payments. The service became a part of e-commerce payment options at most companies that sell goods ...

"EBay and PayPal have complementary missions. We both empower people to buy and sell online," said Meg Whitman, eBay's chief executive.

Last month, eBay CEO John Donohoe aggressively beat back the notion of separating Paypal from eBay, saying, “First, eBay accelerates PayPal’s success. Second, eBay data makes PayPal smarter.

The offered price would give PayPal shareholders $23.61 of eBay stock for each PayPal share, based on eBay’s closing price of $60.55 on Friday on the Nasdaq Stock Market.

eBay bought PayPal in 2002 for $1.5bn (£905m), and the payments company is now the Silicon Valley firm's fastest-growing business, with 143 million active users at the end of 2013, up 16% from a ...

PayPal ended the quarter with 113.2 million active accounts, up 13 per cent from a year earlier. EBay's stock climbed $1.90, or 4.7 per cent, to $42.36 in after-hours trading.

After eBay's 2013 Q4 earnings report, Sacks pointed out that PayPal is growing a lot faster than eBay. When PayPal sold to eBay, eBay's transactions were roughly two-thirds or more of PayPal's volume.