EBay says it will buy the online payment company PayPal for $1.5 billion worth of stock...

EBay hopes to close the deal by the end of the year pending approval of regulators and shareholders. It will then phase out its own eBay Payments by Billpoint, which never proved as popular with users as PayPal.
Expect rates to rise. The Feds should not approve this. Ebay has too much monopolistic power in the auction arena.