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PayPal - Statistics & Facts

PayPal is an online payment provider that performs online money transfers and payment processing for online vendors, auction sites and other commercial users. Founded in 1998, PayPal was acquired by eBay in 2002 and made a separate publicly traded company from eBay in July 2015. The company has since grown to become the most widely accepted digital payment methods amongst North American retailers.

In 2019, PayPal recorded annual payment volume of over 712 billion U.S. dollars with the segment for cross-border transactions accounting for almost a fifth its payment volume. With a net income that amounted to around 2.46 billion U.S. dollars in 2019, the company’s annual revenue for that same year stood at about 17.77 billion U.S. dollars. The vast majority of the company's revenue is generated from transaction fees across all its various payment products as well as from other value-added services such as interests and fees earned from credit loans, subscription fees, and partnerships. Mobile payment options are also available using PayPal’s mobile app. The company’s annual mobile payment volume amounted to 227 billion U.S. dollars in 2018. PayPal currently ranks as one of the most popular mobile billing and leading payment options for online transactions in the United States.

PayPal has been predicted to continue to be a major growth driver in the mobile payment industry and, as at the fourth quarter of 2019, the company possessed a total of more than 305 million active registered user accounts.

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PayPal

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