Tom Eachnet Cancels PayPal Service

June 1, 2007 | Print | Comments | Category: Internet

According to local media, Tom Eachnet has announced plans to cancel the the use of its PayPal service in China.

According to a report released by iResearch on China's third party payment market in the first quarter of this year, PayPal's market share in China has been reduced to only 1.6%, thus making it difficult for merchants to rely on the payment system to have a large critical mass to reach around China.

With the cancellation of PayPal, it might signal that this payment service will soon withdraw from China.

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One Response to “Tom Eachnet Cancels PayPal Service”

  1. By LaheJune 4, 2007 at 8:42 pm

    Well, I hope this means that PayPal will now work on expanding to all EU states. I and many more Estonian webmasters would love to use PayPal, but we can't because PayPal has left Estonia out in the rain.

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