Archive for February, 2007

PayPal: More Accounts Than AMEX & Discover Combined

Wednesday, February 28th, 2007

Interesting PayPal and eBay facts reported at eBay Live in June 2006:

  • PayPal has 105 million accounts (More than Amex & Discover Combined)
  • $1.5 Billion of stored value is turned every 3 weeks
  • PayPal provides the payment mechanism for 67% of eBay transactions
  • 15% of all eBay transactions cross international borders

Read More: Skype Journal: eBay, PayPal, Skype by the Numbers

Collecting Income Taxes from eBay Sellers

Wednesday, February 28th, 2007

4.3 million people make a significant chuck of their income from eBay. Many of those sellers on eBay to do not report their eBay earnings to the IRS. eBay argues that it is not a broker or a middle man and should not have to disclose it’s seller’s earnings.

Read More:  FT.com - Treasury aims to collect $2bn in extra taxes

Scholz Panelist for the Regional Broadband Summit

Monday, February 26th, 2007

Charles Scholz of DiscountGolfWorld.com, was a panelist at the Regional Broadband Summit hosted last Saturday by U.S. Senator Dick Durbin (D-IL) in Springfield, IL. Scholz outlined the importance of broadband connectivity to retail. A high percentage of in-store, retail sales are first researched online. Broadband users spend 33% more time online and can research information faster. Customers using broadband can quickly load rich media content such as larger product views, multiple angles, 360 degree views, video and much more.

Durbin hosted the summit to help raise awareness of broadband as a regional economic development tool and to discuss legislation to encourage the rapid deployment of high-quality, affordable broadband internet service, especially in rural areas.

For more information, see DURBIN HOSTS REGIONAL SUMMIT TO PROMOTE BROADBAND AS ECONOMIC DEVELOPMENT TOOL

Founder Dennis Boudreau Featured in Crain’s Chicago Business

Monday, February 12th, 2007

Dennis Boudreau was recently featured along with other successful Illinois businesses who have grown their business on the Internet. Crain’s set a photographer down from Chicago to take the pictures. The coolest picture taken was featured for awhile on their front page, but is no longer on the site. The photographer had Dennis sitting on top of a stack of Pioneer plama TVs surrounded by Bose Sounddocks. It was a great picture. Read the story at Crain’s Chicago Business: The Web Convert