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PayPal Announces Nearly 35 Million Accounts in Europe


    PayPal announced today that it has nearly 35 million accounts in
    Europe. This milestone demonstrates the growing popularity of PayPal
    among internet consumers and merchants across Europe.

    PayPal's popularity is reflected in high penetration rates among
    online shoppers in the major European markets including the UK,
    Germany, France and Italy. According to Forrester Research, 23% of
    European online shoppers prefer paying with PayPal.

    "PayPal has worked hard to build a safe and convenient payment
    service specifically tailored to European e-commerce," said Brent
    Bellm, vice president of PayPal Europe. "PayPal lets consumers pay
    using the card or bank of their choice, without ever having to retype
    their financial information or share it with the merchant. In Europe,
    choice, convenience, and privacy are what make PayPal such a popular
    way to pay."

    In 2006, PayPal processed $8.4 billion of total payment volume in
    Europe. Thousands of European merchants accept PayPal today from their
    websites, including leading e-commerce sites such as Boots, DHL,
    Harrods, Meetic, Pixmania and eBay. With PayPal, merchants can sell
    their goods to the tens of millions of proven online shoppers that
    prefer PayPal, often seeing an incremental sales lift after adding
    PayPal to their sites.

    PayPal has a local presence in 15 countries including Austria,
    Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands,
    Poland, Switzerland and the UK. To support local and cross border
    ecommerce, PayPal also supports payments from 103 markets in 17 global
    currencies including Euros, Pounds Sterling, Czech Koruna, Danish
    Krone, Hungarian Forint, Norwegian Krone, Polish Zloty, Swedish Krona,
    and Swiss Francs.

    About PayPal

    Founded in 1998, PayPal, an eBay company, enables any individual
    or business with an email address to send and receive payments online
    securely and easily using a bank account, credit card or stored
    balance. Because PayPal allows customers to shop online without
    sharing their financial information with merchants, privacy is built
    into the service. PayPal has more than 133 million accounts and is
    available to users in 103 markets around the world. More information
    about the company can be found at https://www.paypal.com.