PayPal has launched PayPal UK, its first international Web site. The new service is designed exclusively for users in the United Kingdom. PayPal UK will allow British online buyers and sellers to send and receive payments to 31 million PayPal members around the world.

“PayPal is already being used by a large number of people in the UK to buy and sell locally, regionally and across borders around the world,” said Matt Bannick, General Manager of PayPal. “With the new customized features and Seller Protection program on the site, we are bringing additional convenience and security to our UK customers.”

With the launch of the UK site, PayPal is also reducing or eliminating withdrawal fees for its UK members. Withdrawals of under £50 to a UK bank will cost 50% less or £0.25, and fees will be eliminated completely for withdrawal amounts of £50 and above.

On September 16th, PayPal announced the establishment of its new European headquarters in Dublin, Ireland. The Dublin headquarters provides customer service, fraud prevention and operational support for PayPal members in the UK and other European countries.

https://www.paypal.co.uk