They also guarantee payments for Europe: I've had an account with them for a couple of years. They have recently started offering a UK Pound and Euro payment service.
"...Oct. 22, 2002--PayPal(TM), Inc., today announced that its online payment service is now available in Euros and Pounds Sterling. The new functionality, called "Multiple Currencies," enables users to send, receive, and hold funds in Euros, Pounds Sterling, or U.S. Dollars. Prior to this launch, transactions between PayPal members in 38 countries were in U.S. Dollars only.
"The ability to send money in a local currency online is a tremendous convenience to PayPal members outside the U.S.," said Sandeep Lal, senior vice president of PayPal International Product. "Instead of paying other Europeans only in U.S. Dollars, you can now give them what they want -- Euros or Pounds."
Regards,
Clive
Paypal does sound good, however it seems that they only guarantee US payments for traders within the US.
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