Buyers and sellers using eBay will soon be able to use Apple Pay for transactions. eBay will begin rolling out the payment service starting this fall. The announcement comes as eBay has been working to start offering alternatives to PayPal, which split with eBay into an independent company back in 2015.
Recent rumors about a September iPhone 5 release have caused a 70 percent increase to eBay's smartphone trade-in program. eBay said (via CNET) the number of trade-ins started to increase around the same time several well known sources purportedly confirmed Apple will hold a special event to announce the new iPhone on September 12. The company said "nearly" 100,000 smartphones were traded-in during a three day period following the announcements.
The 16GB model of the iPhone 4S topped the trade-ins, followed by the 8GB iPhone 4 and 32GB iPhone 4S. Last year eBay received 375,000 trade-in offers for smartphones when the iPhone 4S was officially announced. 89 percent of those smartphones were iPhones.