I tested a purchase link on our site today and was taken to the new PayPal checkout. It remembers me due to a cookie on my computer, but no where on the page does it allow me to pay by credit card. The only options are, pay by bill pay, or sign up for an account. This doesn't appear to be fully released yet. However, if requiring account sign up to purchase is going to be put in place, then tehre will be a huge drop in transactions the same as when teh acocunt requirement was lifted almost 10 years ago had an increase on transaction volume.
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