19 Feb '13, 7am

PayPal Stops Personal Payments In Singapore

PayPal’s wording seems to suggest that users will still be able to receive payments from “sales and trading”, so this shouldn’t hurt individuals selling on eBay (which owns PayPal). However, many of the smaller blogshops in the region are run by individuals, and those transfers are to personal accounts. Blogging platform, LiveJournal, has said it has a global pool of over 50,000 blogshops. It said that the transaction volume of Singapore blogshops was $80 million in that year alone.

Full article: http://techcrunch.com/2013/02/18/paypal-stops-personal-pa...

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