EBay buys BillSafe for 'purchase-on-invoice' technology

The company's software handles an increasingly popular online payment method in Germany

EBay has purchased German vendor BillSafe to complement its PayPal online payment system, the company announced Thursday. Terms were not disclosed.

BillSafe offers "purchase-on-invoice" capabilities, which allows shoppers to choose items, receive them, and then get a bill for payment later. EBay had taken a minority stake in the company in October 2010.

Purchase-on-invoice is extremely popular in Germany, Austria, Switzerland and the Netherlands, and in Germany alone, eBay has 15 million accounts, the company said.

"One of PayPal's greatest assets is the security of our system, and we're glad that we can now offer customers even more peace of mind with a payment method that they already know and prefer and that drives more sales for the merchants," Arnulf Keese, managing director of PayPal Germany, said in a statement.

Other companies offering purchase-on-invoice technology include Billpay.

EBay's BillSafe acquisition will also complement its Bill Me Later PayPal service, a line of credit that allows customers to pay for purchases in installments if they desire, albeit while incurring interest.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesBillpayapplicationsebayBillsafesoftwareFinancial / taxMergers and acquisitions

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?