eBay and PayPal Report Very Healthy Holiday Shopping Results
By: eBay Inc. Staff
PayPal’s payment volume rose dramatically, and eBay saw increased mobile app usage.
Now that the holiday shopping season is in full swing, eBay and PayPal are seeing positive results from many deep discount offers and optimized ways to give – and get – the perfect gifts . PayPal has announced its Black Friday shopping results, which featured a 27 percent increase in total payment volume compared to last year, and eBay experienced increased sales as well as double the amount of Black Friday sales in the U.S. from its mobile applications. eBay also announced that U.S. mobile commerce sales jumped 146 percent on Cyber Monday, compared to the same day last year. Many media outlets took note of the outstanding results, includingTechCrunch and PCMag.
“The tough economy has made shoppers more price-conscious, and this year’s Black Friday results show that they’re going online to find the best deals,” said Amanda Pires, Senior Director at PayPal. “With the convenience of shopping from a laptop or mobile phone, more people are choosing to avoid the long lines, parking chaos and early morning rush in exchange for great online deals available from the comfort of their homes.”
As reported by Coremetrics researchers, the online retail sector as a whole saw sales up a healthy 15.9 percent for Black Friday this year, with consumers pushing the average order value (AOV) up from $170.19 to $190.80 for an increase of 12.1 percent. The overall numbers, and the particularly excellent results seen by eBay and PayPal, point to a very healthy online shopping season.
The following are some of the citations from media outlets regarding the results seen by eBay and PayPal:
- “On Black Friday, eBay saw a 30 percent increase in mobile bidding activity, compared to the previous year. And since the launch of its first mobile application in July 2008, nearly 30 million items have been bought or sold using eBay mobile apps around the world.” – TechCrunch.
- "PayPal saw 19 percent more payment volume on Black Friday 2010 compared to an average Friday in 2010.” – PCMag.com.
- “[PayPal] reported a 27 percent increase in total payment volume and a 310 percent increase in mobile shopping on the day after Thanksgiving compared with the same day last year.” – Los Angeles Times.
eBay and PayPal, working with many partners, are continuing to offer deep holiday discounts on products, useful mobile applications, and many new ways to give the perfect gift. You can find many of the deals and applications here.