1st In Video - Music World, Inc.

• $59.35 Billion in sales ($52.57 in 2006 - 13.1% increase)

• 610 Million Listings (42% fixed-price listings - up from 38% in 2006)
• 83.2 Million active users (81.8 million in 2006)
• 532,000 Stores
• Paypal’s net total payment volume in 2007 Q4 was $14 billion (Up 35% from 2006 Q4)
• 57.3 million active registered PayPal accounts (up 5% from 2006)

Source: eBay’s 2007 merchandise sales grow 13.1% to $59.3 billion - Internet Retailer

Southwest Airlines and Northwest Airlines now both accept PayPal as a payment option on their websites.   Both airlines announced the acceptance of PayPal earlier this summer.  PayPal allows a safe and secure way for customers to pay either using a credit card or their bank account.  PayPal enables merchants to accept payments from customers who have a bank account, but not a credit card.

Read More:

• Southwest Airlines Takes Off With PayPal For Online Ticket Purchases
• Northwest Airlines Offers PayPal for NWA.com Ticket Purchases

• 153 million PayPal accounts (35% increase from 2006)
• Almost $1 billion turned per week.
• 1.2+ million transactions daily (more…)

A recent Consumer Reports survey of eBay users found that almost half of eBay buyers have encountered some type of fraud on eBay. The Federal Internet Crime Complaint Center receives more complaints about Internet auction sites than any other type of online fraud.

This is why it is important for Manufacturers to authorize select dealers on eBay. Buyers on eBay are looking for legitimate businesses to buy from and are willing to pay more for an item if they can be assured the transaction will be legitimated.

The survey also revealed that Pay Pal was used in 89% of purchases in the Consumer Reports Survey.

Source: ConsumerReports.org - Winning at eBay: How to bid smart & play safe

I came across an article today on DoItYourself.com that outlined the top 5 reasons eBay sellers fail. I would like to use those five reasons to point out why we are so successful on eBay.

(more…)

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