eBay’s PayPal Acquires VeriSign Unit

This post has been viewed 5428 times since Tuesday 11 October 2005 @ 4:26 pm

Well, in less than 1 month after eBay confirmed the acquisition of Skype, eBay announced on Monday, 10 October, 2005, that its PayPal is going to acquire VeriSign’s payment processing business for USD$370 million. This acquisition will form a strong alliance between the famous e-commerce payment service and the payment security company.

So, who will benefit from this acquisition? Of course, for sure we as buyer or seller on the Internet will be benefited. As a quick response to Google’s plan to launch similar electronic payment service, PayPal has done a good job to consolidate its status as the largest online payments company.


VeriSign’s payment processing business provides extra security to PayPal as it connects with major payment processors generally run by major banks (I think only banks in the U.S.). From this acquisition, PayPal will be benefited not only in term of the security of payments, PayPal is expecting an incremental USD$100 million of revenue from it in 2006.


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One Response to 'eBay’s PayPal Acquires VeriSign Unit'

  1. BigBlogLog - October 12th, 2005 at 12:30 am

    eBay Acquires VeriSign Payment Processing

    Via Your Tech News InfoHub, eBay is acquiring VeriSign’s Payment Processing unit for $370 million, which will merge with eBay’s own Paypal. This move keeps Paypal solidly at the top of the Internet payment processing game — it will b…


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