“eBay will begin accepting Apple Pay in the fall and, through a new deal with Square, offer merchant loans of up to $100,000,” Spencer Soper reports for Bloomberg. “The new alliances follow EBay’s February announcement to gradually shift its payments processing business from PayPal to Adyen.”

“Apple Pay, which will be available on a limited basis on eBay beginning in the fall, gains access to a global marketplace where shoppers spent $88.4 billion last year,” Soper reports. “Square gets visibility into the financial risk of millions of small eBay merchants, providing valuable leads on potential loan customers. Loans, issued by Salt Lake City-based Celtic Bank, will be offered to eBay merchants beginning in September.”

“PayPal will continue to be a payment option on eBay at least until July 2023. The companies have been slowly unwinding from each other according to the terms of a separation agreement,” Soper reports. “eBay could shore up some sales for loyal iPhone users who occasionally back out of purchases when Apple Pay isn’t accepted.”

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MacDailyNews Take: Another win for Apple Pay!

Apple debuts ‘Summertime savings with Apple Pay’ with exclusive offers thru August 1st – July 20, 2018
Apple Pay dominates with far more users than Samsung Pay, Google Pay, and other OEM pay systems combined – June 27, 2018
Apple teams with Goldman Sachs on new ‘Apple Pay’ credit card due early next year – May 10, 2018
10% of young adult Americans have used Apple Pay in-store, well ahead of rivals – February 28, 2018
Apple Pay Cash international roll out begins – February 23, 2018
Apple Pay users more than double globally, but only 16% of iPhone users have activated Apple Pay – February 22, 2018
Apple Pay now accepted in 50 percent of U.S. stores and is the world’s most accepted contactless payment system – January 31, 2018
watchOS 4.2 delivers Apple Pay Cash to Apple Watch – December 5, 2017
Apple Pay now in 20 countries, takes 90% of all contactless payments where active – October 24, 2017
Apple Pay is proliferating, and the banks are scared – October 18, 2017
Apple Pay likely to get boost from Visa and Mastercard mandating contactless payment terminals – August 21, 2017
Apple Pay usage estimated to rise sharply in United States due to frustration with slow Chip-and-PIN cards – August 21, 2017