PayPal launches Spanish service

PayPal, a leading online payment solution, today announced the launch of a new PayPal site in Spain, designed for Spanish users. The new site is written in Spanish, offers information customized for Spanish PayPal account holders, and enables payments in Euros, the common currency in Spain.

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PayPal.es is also integrated into eBay Spain, making buying and selling on eBay (Nasdaq:EBAY) even faster, safer and more convenient for Spanish users. Because PayPal has nearly 72 million accounts in 45 markets, PayPal.es makes it easier for Spaniards to buy and sell with millions of eBay and PayPal users around the world.

"The Spanish eBay community has been requesting a local PayPal site for some time now," said Mathias Entenmann, vice president of PayPal's international business. "Through the launch of PayPal Spain, we are delivering on this request and further enabling PayPal users in Spain to participate in global ecommerce."

PayPal Spain joins the growing list of international PayPal sites, including: The United Kingdom, Canada, France, Belgium, the Netherlands, Germany, Austria, Switzerland, Italy, Ireland and Australia. PayPal enables payments in six currencies: U.S. Dollars, Canadian Dollars, Pounds Sterling, Euros, Japanese Yen and Australian Dollars. The PayPal.es service is provided by PayPal (Europe) Limited. PayPal (Europe) Limited is regulated by the Financial Services Authority in the United Kingdom as an electronic money institution.

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