![]() ![]() PayPal is expected to have a CAGR of 18.5% within the next five years.Īs the most popular online payment processing platform, PayPal is expected to see consistent and continual growth over the next few years.Ĥ29 million people use PayPal as of March 2022. In fact, there hasn’t been a single year within the past decade that PayPal’s revenue hasn’t grown. In 2011, PayPal’s revenue was only $4.5 billion, but that number grew to a whopping $25.3 billion in 2021. ![]() It seems PayPal has only been increasing in relevancy and use over the past few years, but will these trends continue? According to our extensive research:īetween 2011-2021, PayPal’s annual revenue grew 4.6x larger. PayPal is accepted in over 200 countries and regions around the world.Īdditionally, to complement this international status, PayPal also supports 25 major currencies, from the US dollar to the Japanese yen. ![]() For example, between Q2 of 2017 and Q2 of 2019, PayPal acceptance grew from 67.3% to 69.5%, at about a percentage point each year. The number of e-commerce sites that accept PayPal has been growing steadily over time. In fact, 712 of the top 1000 online retailers ranked in 2019 use PayPal, which is a majority of the most highly ranked sites on the internet.ħ1% of e-commerce sites in the US accept PayPal as of 2020. Over 16.8 million websites accept PayPal. To be more specific, here are some key facts about PayPal’s acceptance: That’s a 12.5% increase from 2020, when the average user completed 40 transactions per year through PayPal.ĭue to PayPal’s popularity, it’s widely accepted as a service by many countries and websites. The average user completes 45 transactions per year on PayPal as of 2021. That’s nearly 150% (1.5x) more than the $196 kept in a physical wallet, which indicates that PayPal is seen as a trustworthy place to hold money. The average PayPal account balance is $485. PayPal’s widespread use on different websites makes it one of the most popular methods of completing online transitions in the US. The internet might be vast, but many people choose to pay through PayPal when websites offer it as an option. From national popularity to the average account balance, here are some insights our research uncovered:Ģ2% of all online transactions in the US are through PayPal. PayPal’s usage and user base follow specific and interesting trends. Further, the number of employees in 2021 increased by 70.7% from five years ago (2016), when PayPal only had 18,100 employees. With more people working remotely or as independent contractors, PayPal has become a more attractive payment method for businesses. In part, this growth can be attributed to the increase in remote work caused by the 2020 Pandemic. That’s up 20.58% from 2019, when an estimated 34 million transactions were processed daily. PayPal processes an average of 41 million transactions every single day. To put that into perspective, the second largest competitor to PayPal is Stripe, which only has a market share of 20.33% (less than half of PayPal’s market share). ![]() PayPal’s market share in the online payment processing industry is 43.85%.* To understand more about how the company runs, here are some general facts and statistics: With such a massive number of active users and merchants, PayPal needs to run like a well-oiled machine. General | Usage | Acceptance | Trends and Projections General PayPal Statistics PayPal’s annual revenue reached $25.37 billion in 2021.įor further analysis, we broke down the data in the following ways: There are an estimated 29 million active merchant accounts on PayPal in 2022. $1.2 trillion in transaction volume was processed on PayPal in 2021. PayPal has 429 million active accounts as of March 2022.ġ9.3 billion transactions were processed on PayPal in 2021. In fact, PayPal is the largest online payment processing service in the world, making its reach incredibly vast.īut just how big is PayPal? To find out more, we’ve gathered all of the most interesting trends and statistics about the massive company. Research Summary: Whether you paid your mom back for that fast food she loaned you or received your salary as an independent contractor, you’ve likely used PayPal at some point. ![]()
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