Consumer Payment Card News

PayPal Rules

eBay reported that PayPal had 96.2 million total accounts at the end of the fourth quarter, a 51% increase from one-year ago. Total payment volume rose 45% to a record $8.1 billion which includes payments initiated through the PayPal system but excludes its payment gateway business. The number of active accounts hit 28.1 million at year-end, its highest level to-date. Payments net revenues totaled $304.4 million in 4Q/05, representing 48% year-over-year growth. During the fourth quarter, PayPal handled 139.7 million payments, a 19% increase over the prior quarter and up 40% from 4Q/04. PayPal’s 4Q/05 transaction revenue rate was 3.67%, up ten basis points from one-year ago. The processing expense rate for the fourth quarter was 1.19%, compared to 1.27% for 4Q/04. PayPal’s transaction loss rate came in at 33 basis points, up 2 basis points from one-year ago. For complete details on eBay/PayPal’s fourth quarter performance, visit CardData (“”::

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