12.12.07

Paypal Continues to Dominate

Posted in E-commerce, Payment Gateway, Paypal at 11:00 am by malcolm

Paypal has fast becoming the Godzilla in the payment industry, it’s like when almost everyone else is driving a smart, they are active on the road with the beast above keep picking up new customers and eating into other’s market share.

Read on. Here’s some new statistic and information that will blow you away.

• USD 46.3 Billion TTM
• > 164 Million Accounts
• > USD 3 Billion stored balances (meaning lot of people will spend with you if you take Paypal payment!)
• 177 Million Transaction in Q3

Paypal - The Global Online Payment Standard

• Trusted Brand
• Industry Leading Fraud Management
• Global Reach
• Best-in-class support (our feedback, they are notorious for robotic-like support)

Paypal’s Value Proposition
Consumer like Paypal…

• Easy to use
• Convenient, online wallet with multiple payment options
• Secure - Protection from unauthorized access to accounts, buyer protection
• Fast - Transaction takes only a few second

Merchants like Paypal… and NYTIMES has a good story telling why

• Easy- All in one payment solution
• Largest Consumer Base - with > 3 Billion USD in stored balances
• Cost-Effective and Competitive Pricing Structure
• Safer, less fraudulent transactions
• Direct relationships with customers

Download the Ebay, Paypal, Skype Update here.
More recent news on Paypal - Enjoy your read!

• Paypal Acting like Mafia?
• See how these “mafia” are linked together
• Credit Card lose Ground to Paypal?
• Paypal vs Google Checkout vs Bill Me Later
  • Paypal Shopping Site
    https://www.paypal-promo.com/holiday/slider/index.html
  • Bill Me Later Holiday Store
    http://shopping.billmelater.com/holiday/index.html
  • Google Checkout Holiday Offer
    http://www.google.com/checkout/promotions.html

More coverage on Paypal soon, next post we are going to talk about Paypal Storefront Widgets. Stay tuned!

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