Ebay buys Paypal

Author
Aron Schatz
Posted
July 8, 2002
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1587
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That's okay with me.

PayPal will continue to offer its service as an independent brand, eBay said. PayPal, which went public earlier this year, allows consumers to make and accept payments over the Internet without using a credit card. The bulk of its business comes from eBay auctions.

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