Eastern course of PayPal

Today the countries of the New and the Old Worlds take online payment technologies as something that stands to reason and even a small child can use plastic. But there are some places in the world where these technologies are very weakly developed or undeveloped at all. Of course these places are Asian and African countries.  Many big companies direct their eyes to the markets of these countries. The effect of online payment, their success and evident easement were proved in highly developed states not once .

One of such companies is PayPal that definitely took a course to the East. Every day we get the news that this company made a contract with this or that company and PayPal is not going to stop: its aim is to become a Pal of everybody in the world.

Today we've got news that now PayPal allows its Philippines-based users to withdraw their PayPal earnings from a list of the bank posted on official website of eBay in Philippines.  The customers just need to provide the 9-digit bank code, account name and account number. As for the withdrawal fees, PayPal does not charge the amount to P7,000 or more and takes fees P50 from the withdrawals below P7,000. The same progress is observed in Indonesia. The withdrawal fee is IDR 16,000 for the amounts less than IDR 1.5 million and the higher ones are not charged.

And these countries are not the last point of PayPal's extension. Let's see what will happen tomorrow.....

Aynny, reporter of Ecommerce Journal