PayPal have just announced that for the first time since 2006 they have added two new currencies to their service. Now the Israeli Shekel and the Mexican Peso are valid for sending and receiving money.
There are now 19 different currencies available to trade in on PayPal, although one being the Euro means many more countries can use PayPal in their local currency.
Cross border trade is becoming increasingly important for eBay, and with the International Site Visibility they’re now able to offer sellers the ability for their products to be displayed overseas in a controlled manner.
Over the last year I’ve seen increasing questions from buyers asking if I can ship to their location so the message that you can buy from anywhere in the world appears to be working. Increasing the number of currencies PayPal accepts will give cross border trade even more impetus in the future.
