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Ebay is dumping Paypal for its Dutch rival

Ebay, one of the world's biggest online marketplace, dropped PayPal as its main partner for processing payments in favor of Dutch company Adyen.

Adyen said it's "thrilled" to be getting its hands on the eBay payments business. "We look forward to powering transactions on eBay, starting in North America, and supporting their continued global growth," the Dutch company said in a statement. Based in Amsterdam, Adyen already works with other big tech companies including Uber and Netflix (NFLX). It says it handles more than 200 different payment methods and over 150 currencies.

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payments