PayPal Hits 100 Million Active Users
Paypal has just reached over 100 million active users. PayPal has been grabbing about 1 million active users each month, although the term ‘active’ was not defined by them, I would guess the term to mean any activity within the past 30 days, though PayPal could have meant past 6 months, or one year.
PayPal joined eBay on October 3rd of 2002 and now accounts for 30% of eBay’s total revenue. In the first quarter of 2011, PayPal earned $1 billion in revenue for eBay (these are profits taken from every PayPal transaction that occurs on eBay).
A whopping total of $10 million in mobile transactions were also made through PayPal with 8 million regular customers making mobile phone purchases.
I enjoy using PayPal to make purchases online but do not like receiving money through the platform as they take a chunk of it out! How do you feel about the service? Reach out to us on Twitter (@techmento) or through facebook (www.facebook.com/techmento) and let us know your feelings. In the meantime, no special video to celebrate the milestone, but check out the video about using the mobile PayPal platform.