PayPal is pleased to announce the launch of Philippine Pesos and 4 additional currencies just in time for the holiday season - making it easier for you to buy and sell locally. No more hassling with foreign exchange rates or currency conversions. It’s now simpler and easier than ever to pay and get paid with PayPal for your local transactions. To learn more about the 24 currencies supported by PayPal, click here.

For sellers: Offer PayPal as a payment option on your listings on eBay.ph simply by inserting the PayPal logo in the item description to let buyers know that you accept PayPal. For more information, click here.

For buyers: Pay securely and quickly in Pesos for items purchased on eBay.ph. To learn how, click here.

Regards,
The eBay and PayPal Teams

________________________________________________________________

About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send and receive payments without disclosing financial information, with the flexibility to pay or get paid using a variety of secure payment options, including account balances, bank accounts (in approved countries), credit cards or promotional financing. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce.

PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce (based on Forrester estimates of US e-commerce with the addition of eBay Inc. internal metrics totaling $256B).

PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Pte. Ltd.) is located in Singapore.

PayPal is an eBay company. More information about the company can be found at www.paypal.ph.

Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.ph carefully before use.