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Paypal are just in the process of trying to open a European subsidary in the UK. The good thing about this is they have to get certification from the FSA (financial services authority). This is actually pretty cool, because not only will they be regulated much like an insurance company, investment company or any financial services company in the UK, there's an recovery process for complaints which works (because of past bad stuff). In this scenario I would feel quite happy doing business with Paypal UK. Not only would they be regulated and 'overseen', taking them to court would cost fuckall for amounts upto £5000 (think that's the limit) and can be done in any local county court (one in every decent sized town). Don't even need an attorney for it. Getting away with the shit they (seem to) do in the States just wouldn't happen.
Course, the FSA might well turn them down, which wouldn't surprise me, and they wont be able to open up in the UK.
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In 1904, Charles Newman-Berry connected two abacus's together using specially enhanced GrapeVine thus inventing the first Internet connection.
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