The service now accepts payments in sterling and euros. Users can transfer funds between multiple-currency balances and withdraw funds to a UK bank account.
PayPal, which was acquired in a near-$1.5 billion (£966 million) deal, soft-launched in the UK last Wednesday (16 October). It will be refined for the UK market before being officially launched early next year.
Separately, eBay reported a 152 per cent year-on-year increase in international net revenues in third-quarter results for the three months to 30 September 2002. The $76.2m (£49m) figure was up 19 per cent on the previous quarter.
This strong performance was attributed to transaction revenues exceeding expectations. In contrast, global third-party advertising revenue was down 40 per cent year on year.
EBay has raised its forecasts for the remainder of the year based on its third-quarter performance and the incremental revenues expected from the PayPal service.
Global revenues for the last quarter are now forecast at between $372m (£240m) and $381m (£245m). This compares with $288.8m (£186m) for the third quarter.
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