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Online Payment Service PayPal May Soon Overtake Parent Company eBay
Despite increasing problems with the sales in its online marketplace, eBay Inc is making a different kind of progress through its online money transaction service called PayPal, which is set to overshadow its mother company’s revenue in the coming months.
For the past two years, eBay has been trying to find a remedy to its ailing online auction website, which continues to worsen despite the end of the recession.
But with the recent surge in the number of people using PayPal for all their money transactions, eBay is now eyeing expansion plans that could reestablish its place...
