Few weeks ago, we received news that Paypal has registered a new company in Singapore. It is good news for us, since payment solutions normally play a vital role in eCommerce projects. In fact, Paypal did not offer payment in Singapore dollars until few months ago.
Paypal’s decision to open a Singapore company here indicates that there is enough momentum in Singapore for it to provide more support for its existing clients. We believe that this move will further boost eCommerce activities in Singapore.
While there are other payment gateway operators that can accept Singapore dollars, Paypal is the most affordable and easiest to set up. More importantly, it is widely used in the United states and worldwide.
It is very easy to set up a Paypal account. There is no setup fee or annual fee, but a low processing fee for every successful transaction. You may visit www.paypal.com to open a merchant account for business use.
Will Google open a new office here and start offering Google checkout? We believe they are waiting for the right time..