Wednesday, February 15, 2006
Paypal Surpassed 100M Accounts
PayPal announced Monday it has surpassed 100 million accounts across 55 markets worldwide. eBay acquired PayPal in 2002 after its own BillPoint service failed to gain traction with users.
According to the press statement, PayPal began offering its service in 1999, ending that year with 12,000 accounts and $235,000 in total payment volume. In 2005, PayPal processed more than $27 billion in total payment volume and exceeded $1 billion in revenue. The company has localized services in 14 countries and supports payments in seven currencies - U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling, Japanese Yen and Chinese Yuan.
