Source: BusinessWeek.com

• Handled almost $50 billion in payments last year (up 30% from prior year)
• In turn, it earned $1.9 billion in processing fees
• PayPal, Google CheckOut and Bill Me Later et al – comprised 14% of US online payments
• To protect users from identity theft which has grown 50% since 2003, online payment alternatives won’t pass a credit-card or checking account number to a merchant. Instead, PayPal and others typically deliver funds through an intermediary account that in turn draws on a bank or credit account. The payment service can receive funds from the underlying account; the merchant cannot.
• PayPal’s fraud loss rate – 0.26% of all transactions (compared with 1% for online merchants)
• PayPal’s off-eBay business grew 66% in the fourth quarter, processing $6.1 billion in payments for Web retailers such as Dell, Blue Nile, and Yahoo’s shopping sites
• PayPal has more than 143 million accounts as of June 2007 (Source: The Bank of PayPal)
• Visit www.paypal.com