eBay Inc. has acquired BillSAFE, a leading provider of payment upon invoice in Germany. The deal follows eBay Inc.’s acquisition of a minority stake in the company in October 2010. eBay Inc. now owns 100% of the outstanding shares of BillSAFE. Terms of the deal were not disclosed.
From The PayPal Blog:
By combining BillSAFE with PayPal, which serves more than 15 million accounts in Germany, PayPal believes the addition of BILLSAFE will provide a comprehensive payment service for merchants and consumers…BillSAFE works with merchants of all sizes in Germany, giving them a simple and secure way for payment upon invoice. Customers select their preferred item of choice, but only pay upon receiving the goods together with the invoice.
You can read all about it from Arnulf Keese, Managing Director, PayPal Germany over on The PayPal Blog.
Cheers,
RBH
