eBay Media Center

	PayPal Fast Facts

Q2 2008 FAST FACTS

General

• Founded in December 1998, PayPal is a leading global online payment company.
  
  
• PayPal has 63 million active accounts* (157 million total accounts) and is available in 190 markets.
  * active accounts are those that have had activity in the past 12 months.
  
  
• PayPal supports payments in 19 currencies including: U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling, Japanese Yen, Chinese RMB, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, New Zealand Dollar, Norwegian Krone, Polish Zloty, Singapore Dollar, Swedish Krona, Swiss Franc, Mexican Peso and Israeli Shekel.
  
  
• PayPal has a local websites in 14 markets outside the U.S. including the UK, Canada, Australia, Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Switzerland, Poland and China.
  
  
• PayPal maintains a very low loss rate due to fraud - 0.27%, just over one quarter of one percent.
  
  
• PayPal is headquartered in San Jose, California. Its European headquarters are in Luxembourg and its international headquarters are located in Singapore. PayPal has operation centers located near Omaha, Nebraska and Dublin, Ireland. PayPal has development centers in Austin, Texas, Scottsdale, Arizona, Singapore, and Chennai, India.

Financial

• PayPal revenues for Q2 2008 were 602 million, up 33% year over year.
  
  
• PayPal's international business was 44% of revenues in Q2 2008.
  
  
• PayPal's Total Payment Volume, the total value of transactions in Q2 2008 was nearly $15 billion, up 35% year over year.
  
  
• Merchant Services Total Payment Volume was $7.3 billion in Q2 2008, up 57% year over year.
  
  
• Merchant Services Total Payment Volume as % of Total Payment Volume was 49% in Q2 2008.
  
  
• PayPal's net Total Payment Volume for 2007, the total value of transactions, was $47 billion, up 33% year over year.
  
  
• PayPal's Total Payment Volume in 2007 represented nearly 9% of global e-commerce and 12% of US e-commerce. (based on Forrester estimates of US e-commerce at $265 billion)
  
  
• PayPal's Payflow Gateway processed $64 billion in Total Payment Volume in 2007.
  
  
• PayPal transacted about $1,920 in Total Payment Volume every second in Q2 2008.
  
  
• PayPal accounts contain almost $3 billion in stored value that is spent every 2 weeks.

Preference

• In the U.S., PayPal is the most preferred payment service on the Web after Visa.
  In the UK, PayPal is the most preferred payment service on the Web.
  (source: PayPal Brand Tracker Q2 08)
  
  
• In the U.S., 85% of PayPal customers say they would recommend the PayPal service.
  (source: PayPal brand tracker Q2 08)
  
  
• Of the US shoppers who prefer PayPal, security is mentioned most often as the reason for that preference. 58% of those who prefer PayPal cite security-related reasons, while 45% cite convenience-related reasons.
  (source: PayPal brand tracker Q2 08)