WorldPay gets in bed with PayPal

[mandy]

Business generated through its auctioneer parent company accounts for nearly two-thirds of Paypal’s global sales, and the key criticism of the business has been that it is overreliant on eBay. This, said Scheible, is something he wants to rectify.

The company will announce soon that it has signed an agreement with Worldpay, the division of Royal Bank of Scotland (RBS) that processes online payments. Under the deal, Paypal will join the bank’s roster of payment systems, which already includes all the big credit cards.

Scheible said the deal was a significant step for the company. “Merchants who are signed up with Paypal will be able to accept it without having to do the integration themselves,” he said. “If they can get it through RBS, then it really becomes a no-brainer.” ...

full article: http://business.timesonline.co.uk/tol/bu...651572.ece