eBay has announced that it will be supporting Apple Pay as a payment method for purchases from this fall.
Apple Pay is one of the most ubiquitous forms of payments and provides users with an easy, fast and secure way to pay. Offering Apple Pay as a form of payment on eBay is the first step in providing more choice and flexibility in payment options to our tens of millions of buyers …
It will, however, be a phased rollout, reports Engadget.
The option will initially be available to a small group of Marketplace customers given the chance to participate in the first phase of Apple Pay’s rollout, so buyers won’t be encountering it at every turn yet. eBay plans to move more people to the new payment platform next year, though, and aims to finish transitioning everyone to it by 2021.
The decision to support Apple Pay is a long-term effect of eBay’s split from PayPal back in 2015. The ecommerce site still defaults to PayPal, but is moving to a new payment platform which will offer multiple options.
Those options will also include credit – at least for some.
eBay has also announced that it’s teaming up with Square’s quick financing service, which takes cards for repayment. Under its partnership with Square Capital, sellers can apply for loans from $500 up to $100,000 to grow their business, though the option will only be available to select customers in the US.
The current Apple Pay promo is offering discounts on Fandango, Groupon and more.
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