He said this method had worked without a hitch in previous auctions in which he sold items to Americans. Believing that there had to be a better way, I visited a First Union branch and called Citibank to ask if I could buy a cashier's check or money order in British pounds. Billpoint, a joint venture of eBay and Wells Fargo, offers a service similar to PayPal's, but only for eBay purchases in the United States and Canada. So I mailed a check to London. My paycheck is deposited electronically, I buy groceries with a debit card, and I pay auto insurance premiums on the Web.
Money is nothing but electrons, occupying no discernable weight or space.
Yet it costs more to send money across the Atlantic than it costs to ship a piece of forged aluminum in the other direction. Out with the old-fashioned Enter PayPal. This will help e-commerce, like the example you had. He explained that the man who sold me the derailleur will be able to open a PayPal account and take advantage of free or cheap transactions. He says PayPal gets thousands of e-mails a day asking when international payments will become possible.