Bay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction.

It looks like buying and selling cars on eBay Motors should now be a little easier. The e-commerce company announced in a press release that they acquired Caramel, an end-to-end online automotive transaction solution provider.

Bay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced today that it has signed a definitive agreement to acquire Caramel, an end-to-end online automotive transaction solution provider.

Ebay's acquisition of an automotive transaction platform cements Plaid’s place in the biometric identity verification portion of the market.