Which company was purchased by eBay in 2002 and is now a major merchant service aggregator?

Which company was purchased by eBay in 2002 and is now a major merchant service aggregator?

• A. Square
• B. Adyen
• C. PayPal
• D. Stripe

Answer: (C)

Think about how a platform can handle payments for many different sellers. In 2002, eBay bought PayPal to create a seamless checkout experience for buyers on its marketplace. That move wasn’t just about powering eBay payments; PayPal grew into a broad payment processor, handling transactions for many merchants beyond eBay. Today, PayPal acts as a major merchant service aggregator, offering merchants multiple ways to get paid (credit cards, digital wallets, etc.) and simplifying settlement across channels. The other names are well-known payment platforms, but they weren’t acquired by eBay in 2002, so they don’t fit the scenario.

Think about how a platform can handle payments for many different sellers. In 2002, eBay bought PayPal to create a seamless checkout experience for buyers on its marketplace. That move wasn’t just about powering eBay payments; PayPal grew into a broad payment processor, handling transactions for many merchants beyond eBay. Today, PayPal acts as a major merchant service aggregator, offering merchants multiple ways to get paid (credit cards, digital wallets, etc.) and simplifying settlement across channels. The other names are well-known payment platforms, but they weren’t acquired by eBay in 2002, so they don’t fit the scenario.