By Josh Beckerman

 

EBay Inc., which said in 2018 that it would start intermediating payments on its marketplace platform, said Tuesday that the U.K. will become its third market for managed payments.

The company said it has "seen great success in the U.S. and Germany" for the managed payments program.

EBay said the rollout has been "paced by" the terms of an operating agreement with PayPal Holdings Inc., which expires in the second half of 2020.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

February 25, 2020 19:59 ET (00:59 GMT)

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