San Jose, Calif.-based eBay (NASDAQ:EBAY) has acquired BillSAFE, a German provider of purchase-on-invoice technology, for an undisclosed sum.
The acquisition, which follows eBay’s minority stake investment in the company in October 2010, is intended to combine BILLSAFE with PayPal.
According to PayPal, the addition will provide a comprehensive payment service for merchants and consumers.
Led by managing director Alexander Ey, BillSAFE works with merchants of all sizes in Germany, providing them with a secure tool to let shoppers purchase using an invoice. It allows customers to select the item they want to buy and then to receive an invoice for payment after the item is received.
FinSMEs
26/12/2011