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    Ebay outlines terms of PayPal split

    News in brief

    eBay will be prevented from setting up its own payments company when it spins off PayPal to operate as a standalone business later this year, an SEC filing has revealed. An operating agreement which will remain in effect for six years will allow eBay to offer customers alternative payment providers as long as the company ensures that roughly 80% of its sales continue to be routed through PayPal.

    Filed by Email Rian Boden Published • Last updated 10 April 2015, 19:27

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