PayPal announced this week that it has surpassed 100 million accounts across 55 markets worldwide.

PayPal is popular with online buyers and merchants alike. Shoppers prefer PayPal to send money, because it is fast and easy to use, and their financial information is protected and never shared with merchants or recipients. PayPal is also used by millions of online merchants, including leading e-commerce sites around the world.

PayPal began offering its service in 1999, ending that year with 12,000 accounts and $235,000 in total payment volume. In 2005, PayPal processed more than $27 billion in total payment volume and exceeded $1 billion in revenue. The company has localized services in 14 countries and supports payments in seven currencies — U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling, Japanese Yen and Chinese Yuan.

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Editorial: whatever many naysayers say, PayPal is popular and more importantly is trusted. It is being currently used by many to conduct business online - and the eBook industry simply loves PayPal (my research showed almost 90% of those selling eBooks are using PayPal).

What’s interesting is that digging deeper into PayPal over the past month, I find that it has quite powerful features for merchants and I sense that many are not using it to it’s fullest potential. Hence, watch out for an upcoming, and continuing, tutorial/resource section on PayPal - it’s around 60% completed.

Other Websites: PayPal Alternative for ACH & Credit Card Payment Processing & Recurring Billing PaySimple puts customer service first–we offer low-cost ACH (e-check) & credit card payment processing, online bill pay & recurring billing functions