EBay has also been charting a path toward a separation of its eBay and PayPal units. The company said the split is due in the third quarter but did not give exact timing. In an SEC filing earlier this month, eBay and PayPal said the companies agreed that PayPal will still process at least 80 percent of transactions, even though both can work with new partners. The agreement lasts five years with a one-year transition period. The companies will continue to share data and will not build competing products during the agreement period.