PayPal,m which is owned by eBay, will no longer be offered as a payment method in Alibaba's AliExpress beginning 4th August, 2011. This is only after a year of collaboration between the two countries. News reports have cited that the break-up, although no reason is given by both companies yet, could be due to PayPal's request to raise transaction fees.
China has been good to PayPal, with payment volume over $4.4billion in 2010, a 44% jump from a year ago. With the pull out from AliExpress, this income will surely be impacted. Despite this setback, PayPal says they are still deeply committed to the Greater China market.
China has been good to PayPal, with payment volume over $4.4billion in 2010, a 44% jump from a year ago. With the pull out from AliExpress, this income will surely be impacted. Despite this setback, PayPal says they are still deeply committed to the Greater China market.
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