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EcommerceBytes-NewsFlash, Number 2251 - March 26, 2010 - ISSN 1539-5065    5 of 5

PayPal Opens Service to Customers in South Africa

By Ina Steiner
March 26, 2010

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PayPal opened its service to customers in South Africa, who can sell to PayPal's global customer base and move proceeds to their First National Bank (FNB) accounts. FNB will convert the currency to South African Rand when the money is transferred into their accounts. The PayPal service will be offered in partnership with FNB and has received approval from the Exchange Control Department of the South African Reserve Bank. For more information, visit http://www.fnb.co.za or https://www.paypal.co.za.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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