Consumer Payment Card News

PayPal Mid-Year

PayPal has neared the 114 million account milestone at mid-year, a 44% increase from one-year ago. Total payment volume rose 37% to a record $8.9 billion which includes payments initiated through the PayPal system but excludes its payment gateway business. The number of active accounts hit 29.5 million as of June 30th, its highest level to-date. During the second quarter, PayPal handled 143.3 million payments, a 4% decrease over the prior quarter but, up 27% from 1Q/05. PayPal’s 2Q/06 transaction revenue rate was 3.73%, down one basis point from the prior quarter, but, up six basis points from one-year ago. The processing expense rate for the second quarter was 1.02%, compared to 1.08% for 2Q/05. PayPal’s transaction loss rate came in at 27 basis points, up eight basis point from one-year ago. For complete details on eBay/PayPal’s second quarter performance, visit CardData (www.carddata.com).

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|_3. PAYPAL HISTORICAL |
|_. | $VOLUME | #ACCOUNTS|
|_. 2Q/05:| $6.5 billion | 78.9 million |
|_. 3Q/05:| $6.7 billion | 86.6 million |
|_. 4Q/05:| $8.1 billion | 96.2 million |
|_. 1Q/06:| $8.8 billion | 105.0 million |
|_. 2Q/06:| $8.9 billion | 113.7 million |
|_3. SOURCE: CardData (www.carddata.com) |

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