eBay Launches Paypal Access – A New Payment Service

October 17 00:00 2011

New York, October 17 (RainbowNewsLine.com) – eBay, the world’s leading ecommerce site has announced the introduction of a new payment service called Paypal Access. The new service will revolutionize the way the average customer does e-shopping today. E-commerce will be as simple as logging in to an e-mail account, analysts say.

After the launch of the new service, the users will just have to use their Paypal Access log-in ID and password to make a payment and order goods. Compare this to the current tedious process where they have to fill in their card details, their personal details and their address details. Not only is this inconvenient, the details may not be in safe hands.

Under the Paypal Access system, the user will only need to verify the login ID and password and the payment will be processed. The merchants are also very much in favor of this new scheme, because the transactions will take place quickly. This will give the buyers less time to reconsider their decisions and cancel orders. Buyer’s remorse has been a major loss of revenue for e-commerce sites which is leading them to adopt eBay’s PayPal Access as a payment system.