Tom Eachnet Cancels PayPal Service

June 1, 2007 |

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.

One Response to “Tom Eachnet Cancels PayPal Service”

By Lahe – June 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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