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PayPal on auction

PayPal, recently made available in South Africa through FNB, is now offered as a payment option on the Bidorbuy website.

In order to be able to receive these payments for items sold on the site, sellers need to request it, as it is not a default option.

"It has to be emphasised that these transactions are done in US dollars,” says bidorbuy MD Andy Higgins. "South Africans can't use it to trade in Rands. That is why PayPal probably will not be used widely in local transactions. However, it is one more indicator that South Africa is becoming a part of the global e-commerce arena.”

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