PayPal Seeing Extensive Growth

Michael Garrity — Tue, 27 Sep 2011 08:00:00 GMT

PayPal, the world's most popular online payments platform, came out this weekend with new, impressive numbers about the amount of payments it processes daily.

According to the company, it saw about $3,650 in Total Payment Volume (TPV) every second during the second quarter of 2011. That totals approximately $315.3 million a day, with upwards of 5 million transactions taking place in a 24-hour span.

To say that PayPal has been doing well as of late is an understatement; in fact, this year also saw its first billion-dollar revenue quarter and the company's net TPV has increased by 34 percent from the same time last year.

PayPal has also seen vast increases in its mobile transactions, with roughly $10 million being processed daily on mobile devices. Mobile TPV is estimated to exceed $3 billion this year; it was just $750 million last year.

In 2010, PayPal's TPV accounted for almost 18 percent of all global e-commerce. One can only assume it's going to be even higher this year.

OrderDynamics Protects Against Lost Orders

Mike Phillips — Fri, 14 Aug 2009 14:17:00 GMT

Online retailers suffer greatly when they depend on a payment provider and that system crashes. Such was the case recently when both Authorize.net and PayPal went down within weeks of each other. Lost sales can be devastating. But there is a solution, in OrderDynamics' Order Management System (OMS).

The system effectively captures customer data at the time of purchase - before that information is sent to a payment provider. So, if the provider goes down at any time (or any hiccups with the retailer's website), all orders are stored for processing when the payment systems are again available. The system is also integrated with Google Checkout and PayPal, so any abandoned orders are stored as a customer ticket, which can then be used to send follow-up messages to the consumer to encourage the completetion of the transaction.

'Net Features : paypal, E-Commerce

PayPal Seeing Extensive Growth

OrderDynamics Protects Against Lost Orders