Paypal’s winning numbers
by Sue Bailey
This post was written in March 2007; specific information contained within it may be out of date.
Paypal have for the first time released figures relating specifically to their European users. 35 million Europeans now have Paypal accounts, making up nearly a quarter of Paypal’s global customer base: this compares with 86 million US members. Research by Forrester suggests that 23% of Europeans prefer to pay by Paypal than by card or any other payment method. The company processed US$8.4billion worth of European payments last year, making up 22% of its worldwide total. Blogging Stocks have some other figures that make Paypal look like the healthiest part of eBay’s business: their revenue from online payments grew 40% last year (auction revenue was up 24%), and the total number of payments made through Paypal grew 27%.
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