eBay has acquired German provider of purchase-on-invoice technology Billsafe. The acquisition follows eBay's minority stake investment in the company in October 2010. eBay currently owns 100 percent of the outstanding shares of Billsafe. Financial terms of the deal have not been disclosed. 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, enabling them to let shoppers purchase using an invoice. Customers select the item they want to buy, and then they receive an invoice for payment after the item is received.
