Paypal is now available in New Zealand dollars

Paypal has finally added New Zealand dollars to its list of currencies. This is great news for anyone selling online in New Zealand. If opens up a whole new world of possiblities, freeing us from the expensive fees charged by the established banks for their merchant accounts.

More than 114 million people worldwide now use Paypal and it is growing rapidly.

PayPal is the #1 e-finance site on the Internet, according to PC Data Online, and one of the fastest growing websites, according to Media Metrix. PayPal now constitutes over 10% of all Internet traffic in the financial services category, more than Citibank, Wells Fargo and Bank of America combined.

Recommended by CNET as "the most reliable personal payment service," PayPal is also being increasingly used at e-commerce sites. PayPal's service, free to consumers, can be used from PC's or Web-enabled mobile phones.

PayPal is owned by eBay. PayPal was recently named one of the 50 Most Important Private Companies in the World by Red Herring, one of the Top 25 New Companies by Fortune Small Business, and a Forbes Favourite Website in the magazine's latest "Best of the Web" issue.

You will find more and more sites using PayPal. If you are a business selling online ... or thinking of selling online, it's well worth checking out Paypal. There are no monthly fees and you can also link Paypal withe the excellent Mal's e-commerce shopping cart, which also has a free version.