background preloader

PayPal - Business Performance

Facebook Twitter

PayPal handles 60% of web transactions, leaves Google in the dust. PayPal processes 60% of web transactions, Google is the fastest payment gateway, and some unlucky surfer had to wait over 92 seconds for his online purchase to complete. Those are only a few of the findings in New Relic’s study of the web’s most popular payment gateways (infographic below). A payment gateway is the web equivalent of a modern cash register: It ensures that you are you, that you appropriately have access to your card, and that you can, in fact, be trusted to pay for the purchase you’re making.

New Relic, a web-app performance management company, monitors 38 billion transactions daily for clients such as Nike, Groupon, and Zynga. The study focused on transactions by 21,000 web applications and came up with some astonishing findings. PayPal is by far the biggest payment processor on the web, at least according to this sample. Google does win, however, in the speed category. The longest transaction, by far, was via an Australian payment gateway, Eway.com.au.

eBay: PayPal Mobile Payment Volume Up Over 500 Percent On Thanksgiving Day. As we heard earlier today, Thanksgiving proved to be a lucrative day for online retailers. IBM reported online Thanksgiving 2011 sales were up 39 percent over Thanksgiving 2010, with mobile shopping on the rise. eBay and PayPal are seeing similar trends.

PayPal Mobile just announced a 511 percent increase in global mobile payment volume when compared to Thanksgiving 2010. On Thanksgiving in the U.S., consumers shopped on mobile via PayPal most frequently between 6:00 p.m. and 7:00 p.m. PST. Around the world, consumers shopped on mobile most frequently between 1:00 p.m. and 2:00 p.m. PST. There was a more than three-fold (350 percent) increase in the number of global customers shopping through PayPal mobile on Thanksgiving 2011 compared to last year. eBay says that the amount shoppers in the U.S. that bought and spent via eBay Mobile more than doubled this Thanksgiving over last year.

For eBay, the busiest eBay Mobile shopping hour on Thanksgiving was between 6 and 7 p.m. A Look at PayPal's 2Q2011 Financial Results. PayPal Now Processing $315 Million In Payments Per Day. Wow. PayPal released some new public numbers recently that show the payments platform is processing a massive number of payments per day. PayPal says that it saw $3,650 in Total Payment Volume every second in Q2 2011. By our calculations, that means PayPal is processing around $315.3 million in payments per day. On average, the payments platform is seeing upwards of over 5 million transactions a day. PayPal has unequivocally been the crown jewel in parent eBay’s family of businesses. This past quarter, PayPal delivered its first-ever billion dollar revenue quarter. Total net total payment volume (TPV) grew 34% compared to the same period of last year. Another area where PayPal is growing fast is mobile. To put the $315 million number in perspective, fast growing startup Square (which of course offers an in-store payments product) is seeing $4 million in payments per day.

PayPal’s Total Payment Volume in 2010 represented nearly 18 percent of global e-commerce. $6m / day mobile transactions trought PayPal. According to the source, PayPal’s mobile payment transaction volume has grown from USD 24 million in 2008 to USD 140 million in 2009 and to USD 750 million in 2010. Moreover, Sisinni has claimed that the company is projecting to reach USD 2 billion in mobile transactions in 2011 and USD 7.5 billion in 2013. The company’s overall payment volume has reached USD 92 billion in 2010, which represented a 28 percent growth year-over-year (y-o-y) and 61 percent of eBay’s overall volume, the source reports. As part of future development, PayPal is planning to develop a wallet in the cloud, according to Fabio Sisinni. The announcement has been made at the International CTIA Wireless 2011′s Money Over Mobile pre-conference program.

PayPal counts 94 million active accounts and 9 million merchants operating in more than 190 markets. The PayPal system supports 25 currencies. PayPal Hits 100 Million Active Users. PayPal has hit 100 million active users. The company confirmed the milestone today. Last week, the company announced that it was upping estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011. At the end of last year, PayPal, which is owned by eBay, had around 94.4 million active users, and has been adding approximately one million active accounts per month. It’s unclear, however, what PayPal considers as an ‘active user.’

PayPal now represents 39 percent of eBay’s total revenue, and nearly made $1 billion in revenue for the company in the first quarter of 2011, up 23 percent from the same quarter in the previous year In terms of mobile, PayPal is also seeing up to $10 million in mobile TPV a day, which is up from $6 million PayPal reported in March. PayPal Says There Are 12M Monthly Users Paying for Facebook Games (Exclusive)