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| PayPal preferred in Europe | | By: Reuters | | Wed Mar 21, 2007 6:56 AM EDT
(Pic)- Pay Pal Verified seal from the Macon Daily website.
SAN JOSE, California (Reuters) - PayPal, the online payments unit of auction website eBay Inc. (EBAY.O: Quote, Profile, Research), said on Tuesday it has nearly 35 million customer accounts in Europe, about a quarter of all its accounts.
In 2006, PayPal processed $8.4 billion of payments in Europe, representing around 22 percent of its worldwide total of $37.8 billion.
PayPal previously only disclosed the number of registered users and payment volumes in the United States and for all international customers. It reported 86 million U.S. PayPal users and 47 million international users at the end of 2006.
According to Forrester Research, 23 percent of European online shoppers prefer PayPal to paying with credit cards or other payment methods.
PayPal is the preferred payment method among European users of eBay auctions and Web telephone calling company Skype, another eBay company which was founded in Europe. PayPal also is accepted by thousands of European merchants.
eBay to offer Japanese on PayPal payment site
SAN FRANCISCO, March 5 (Reuters) - PayPal, the world's top online payments company, said on Monday it has translated its Web site into Japanese to make it easier for Japanese shoppers to use its services.
The company, a unit of online auction site eBay Inc. (EBAY.O: Quote, Profile, Research), said that a week from now it would begin offering a Japanese translated verion of its international site. PayPal does not offer a localized version of its site in Japan.
Once available, the translated site will be found at https://www.paypal.com/j1/. Japanese users will have the option to see PayPal in Japanese or English on the site, it said.
((Reporting by Eric Auchard in San Francisco; Editing by Derek Caney; Telephone: +1 415 677 3919; E-mail: [email protected]))
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