AfterDawn: Tech news

PayPal hits 100 million active users

Written by Andre Yoskowitz (Google+) @ 28 Jun 2011 13:59 User comments (11)

PayPal hits 100 million active users PayPal has confirmed this week that the service has reached 100 million active users.
Additionally, the company notes that it expects total payment volume for mobile payment transactions to double in 2011 to $3 billion.

The service adds around 1 million active users per month, apparently, as it finished 2010 with 94.4 million.

What PayPal did not elaborate on, is how many transactions need to be completed per month for the company to consider a user "active."

PayPal, purchased by eBay in 2002 for $1.5 billion, now accounts for 39 percent of the auction sites total revenue.

Mobile continues to be a big winner for the service, with the company reporting that 8 million users now actively use the transaction service from their mobile devices, up from 6 million just a few months ago.

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11 user comments

128.6.2011 14:21

And they're still raping all of us.

228.6.2011 14:39

that's funny, I wasn't aware this service was that bad. That sucks that you feel that way though. I send and receive money just fine with no problems and with no mysterious funds disappearing without my knowledge. So I'm curious as to how you feel "all of Us" are getting raped by PayPal.

328.6.2011 16:21

Originally posted by 5fdpfan:
that's funny, I wasn't aware this service was that bad. That sucks that you feel that way though. I send and receive money just fine with no problems and with no mysterious funds disappearing without my knowledge. So I'm curious as to how you feel "all of Us" are getting raped by PayPal.
He's probably upset that PayPal takes 6% of eBay seller transactions. Fact of the matter is if you don't like it, then accept money orders or checks or whatever else is available. PayPal offers a fantastic service, and they charge for it. That is capitalism.

428.6.2011 17:17

To be fair though eBay has gone out of their way to deem any form of payment other than Paypal as unsafe. You're not even allowed to mention that you accept Money orders or checks in your listing.

It's a good service, but when it comes to eBay you don't really have a choice.

528.6.2011 18:53

PayPal takes too much from those that don't know how to sell on ebay. Been selling on ebay for ages and paying them dust particles for fees...
An item sold for $100 with a $5 shipping- Paypal(ebay) takes X% of sale price. they don't charge on shipping fees.
An item sold for $5 with a $100 shipping, Paypal takes same X% of the sale price. For the buyers, makes no difference, they still have to pay a total of $105. You figure it out, do the math...



Piss me off, and I Will ignore You!

628.6.2011 21:32
smiler123
Inactive

Hail to the man

728.6.2011 22:07

While my hatred for paypal isn't entirely based on the fees, they do add to it. Ebay owns paypal yet paypal charges for ebay transactions, classic example of double dipping. I've had several problems with paypal lately which I'm unwilling to go into as they are not yet resolved. It all adds up to one big bendoverandtakeit.

@cyprusrom: Under the guise of protecting buyers from outrageous shipping ebay has recently changed their policy on fees. You are now charged 10% of the final sale value as well as 10% of the final shipping value. So no matter how you list your item you pay them exactly the same. Paypal currently takes up to 3% of the total sale (value + shipping) and then tacks 30 cents onto that number. So if you sell an item on ebay for $100 and charge $5 for shipping you pay ebay $10.50 and you then paypal takes up to $3.45. So you keep right on selling just like you always have (like a tool) and they'll start charing you accordingly now that the policies have changed. Btw asshats like you are the reason for the change because ebay saw a golden opportunity to make more money and the rest of us have to suffer for it.

But I digress, PayPay is just bad news and I doubt it will be long before a classaction suit is files against them and ebay for their practices.

828.6.2011 23:02

Originally posted by hikaricor:
While my hatred for paypal isn't entirely based on the fees, they do add to it. Ebay owns paypal yet paypal charges for ebay transactions, classic example of double dipping. I've had several problems with paypal lately which I'm unwilling to go into as they are not yet resolved. It all adds up to one big bendoverandtakeit.

@cyprusrom: Under the guise of protecting buyers from outrageous shipping ebay has recently changed their policy on fees. You are now charged 10% of the final sale value as well as 10% of the final shipping value. So no matter how you list your item you pay them exactly the same. Paypal currently takes up to 3% of the total sale (value + shipping) and then tacks 30 cents onto that number. So if you sell an item on ebay for $100 and charge $5 for shipping you pay ebay $10.50 and you then paypal takes up to $3.45. So you keep right on selling just like you always have (like a tool) and they'll start charing you accordingly now that the policies have changed. Btw asshats like you are the reason for the change because ebay saw a golden opportunity to make more money and the rest of us have to suffer for it.

But I digress, PayPay is just bad news and I doubt it will be long before a classaction suit is files against them and ebay for their practices.
I sure hope someone does do a class action suit because we sell on e-bay also. their new policy sucks rotten eggs and the chinese had a lot to do with it. china junk cost 0.1 cent with 5.99 shipping, hence e-bay ripping everyone with fees on final value and shipping now also.
sure did cut into our profit margin so now we charge more for shipping just to cover the frickin fees.
cyprusrom you been under a rock someplace because the new policy has been in effect for 2 months.
This message has been edited since its posting. Latest edit was made on 28 Jun 2011 @ 23:06

929.6.2011 0:08
ebaypopo
Unverified new user

Originally posted by cyprusrom:
PayPal takes too much from those that don't know how to sell on ebay. Been selling on ebay for ages and paying them dust particles for fees...
An item sold for $100 with a $5 shipping- Paypal(ebay) takes X% of sale price. they don't charge on shipping fees.
An item sold for $5 with a $100 shipping, Paypal takes same X% of the sale price. For the buyers, makes no difference, they still have to pay a total of $105. You figure it out, do the math...
This is illegal now....say goodbye to your account

1029.6.2011 9:10

Originally posted by ZeusAV:
To be fair though eBay has gone out of their way to deem any form of payment other than Paypal as unsafe. You're not even allowed to mention that you accept Money orders or checks in your listing.

It's a good service, but when it comes to eBay you don't really have a choice.
True in a way. They normally only do this for money orders and checks. They really can't say that about sellers processing their own credit cards since that is the pot calling the kettle black. While Paypal prices may seem outrageous compared to say a check or money order if you ever tried to get a merchant account from authorize.net or one of the many other competitors you will realize how much a deal Paypal is. The bottom line is that credit card companies and even some banks charge a processing fee. Paypal is pushing this onto the customer and some. This is how they make money.
This message has been edited since its posting. Latest edit was made on 29 Jun 2011 @ 9:11

1129.6.2011 12:24

Meh. I've never sold on ebay, so it all doesn't bother me. Paypal works just fine in my cases, but I don't really do anything to actually need the service, it's just a convenience.


~*Livin' Electronicallly*~

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