PayPal To End Partnership With Alibaba | Ramblings of an e-trader

Saturday, 4 June 2011

PayPal To End Partnership With Alibaba

PayPal,m which is owned by eBay, will no longer be offered as a payment method in Alibaba's AliExpress beginning 4th August, 2011. This is only after a year of collaboration between the two countries. News reports have cited that the break-up, although no reason is given by both companies yet, could be due to PayPal's request to raise transaction fees.

China has been good to PayPal, with payment volume over $4.4billion in 2010, a 44% jump from a year ago. With the pull out from AliExpress, this income will surely be impacted. Despite this setback, PayPal says they are still deeply committed to the Greater China market.


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