The other interesting move is the quiet switch to "kobo.com". You can see that in the Kobo blog announcement of
PayPal.
You can also use PayPal to buy egift cards --
http://kobobooks.com/egiftcards. Now, for those folks who complain their credit card charges "international transaction fees" can now pop up to $100 into their account as a gift card to themselves and avoid these fees entirely.