eBay Will No Longer Use PayPal's Payment Processor on Its Site

eBay and PayPal's almost two decades-long relationship has come to an end.The e-commerce giant updated its terms of service on Monday to inform sellers that any collected funds will no longer be credited to their PayPal account and will instead be deposited into their bank account directly."Managed payments helps sellers streamline their business on eBay, and simplifies the end-to-end experience for both buyers and sellers," the company wrote in an FAQ regarding the update. "[Managed payment sel...