Utilize the input text as a context reference, choose the right relationship between eBay and PayPal from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

And the synergies of keeping the two businesses together didn't make up for this handicap, because only around one-fifth of the payments processed by PayPal are tied to eBay transactions.

Answer: subsidiary