| jieta2 | 07-29-2020 12:48 PM | Re: Possibility MP might be push back till September Hardly zero mention. This is what the CEO told analysts on the conference call Tuesday. It may not be immediate, but it is profitable for Ebay and it is coming.
"Operationally, our top initiative over the past two years managed payments just reached a very important milestone as we begin to scale globally. Although the original operating agreement reached the end of its term, PayPal will remain an important partner moving forward as a payment option for buyers.
And from a seller perspective, after successful launches in the US and Germany over the past two years, we've started migrating sellers in the UK, Australia and Canada on payments. We expect to transition the majority of all sellers globally over the next 18 months and we remain on track to realize $2 million in revenue and $500 million in operating profit in 2022.
Managed payments is a great example of a tech-led reimagination of our marketplace. It provides a simpler and seamless experience for buyers and sellers around the world." |