Close

Yahoo to close online payment service

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Yahoo to close online payment service

Yahoo in November will close PayDirect, its online payments service that aimed to compete with eBay’s PayPal, the company said Friday.

Yahoo’s decision to shutter four-year-old PayDirect comes about a year after financial services giant Citigroup turned off its c2it online payments service, citing too few accounts to justify its operation.

Read the complete story.