Paypal Statistics (23 Interesting Facts, Trends + Statistics)
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PayPal is one of the most common online payment systems in the world and has been in business for years, but are you wondering about PayPal stats and facts?
Well, I’ve been researching PayPal stats and found a lot of interesting details that I think you’ll want to know, so read on to find out what I’ve found!
PayPal Statistics 2022
By 2022, more than 1 million websites will accept PayPal as a payment method. In addition, PayPal has more than 400 million users who complete 41 million transactions every day through PayPal. PayPal is most popular with those working in the IT field. Almost 90% of customers use PayPal when shopping online because it is more secure than other payment methods.
Do you want to know more cool facts and trends about PayPal? If so, keep reading below as I’ll share the full list of PayPal stats and answer your questions!
1. Over 1.6 million sites accept PayPal
More than 1.6 million websites now accept PayPal, which shows how popular PayPal is as an online payment system and how trusted the site is worldwide.
2. 426 million users using PayPal in 2021
PayPal will have 392 million active users in 2021, up from 370 million in 2020 and up from around 140 million in 2013.
3. In 2020, PayPal had over 29 million merchant accounts
Active merchant accounts grew to more than 29 million in 2020, nearly double the number of merchant accounts in 2015.
Additionally, this shows how many online sellers and businesses choose PayPal as the best way to send and receive payments.
4. 41 million transactions per day via PayPal
An interesting PayPal statistic is that it is used to perform around 41 million transactions per day, which is beyond your imagination!
5. PayPal Processes Nearly $2.5 Billion in Payments Every Day
Nearly $2.5 billion in payments is processed by PayPal every day, including direct deposits and government funds going into user accounts.
6. PayPal processed 15.4 billion transactions in 2020
In 2020, PayPal processed more than 15.4 billion transactions, which is a huge number considering that in 2018 PayPal processed 9.9 billion transactions.
Also, in 2013 the number was only 3.2 billion, but it continued to rise to over 6.1 billion in 2016.
7. 9% of children have a PayPal account in 2020
One surprising PayPal trend is that children are now joining the platform to receive money, with around 9% of children having an active PayPal account in 2020.
However, the child cannot have a regular PayPal account, but must use a student or child account that must be approved and linked to the parent’s account.
8. PayPal is most popular with IT professionals
An interesting fact about PayPal is that it is most popular with people in the IT industry such as electronics, computers and technology.
For example, PayPal’s popularity in the IT industry is 5.4%. Nonetheless, it is also popular with people in the lifestyle industry, with a popularity rating of 4.15% among this group.
9. Over 87% of online buyers use PayPal
Online buyers have used and trusted PayPal for years, showing that over 87% of online buyers use PayPal to complete purchases and send money to sellers.
10. PayPal stock hits record $308.53 in July 2021
On July 23, 2021, PayPal stock hit an all-time high at $308.53, but since then, as of May 2022, it has fallen to around $77.
11. PayPal’s 2021 profit is $4.1 billion
PayPal’s profit of $4.1 billion in 2021 is down slightly from $4.2 billion in 2020, but both are amazing considering it was only $400 million in 2014.
12. 57% of German shoppers prefer PayPal for online purchases
German shoppers love PayPal, with more than 57% using PayPal for online purchases, a testament to PayPal’s global popularity.
13. 80 million PayPal customers use the one-click method
The One Touch method on PayPal allows you to forgo logging in with standard email and password credentials, and send and receive money faster.
So it’s no surprise that over 80 million customers prefer the One Touch way of transacting.
Additionally, it automatically logs you into Payal and can also work from desktop computers, mobile devices, tablets and laptops.
14. 45 transactions per active PayPal account in 2021
In 2021, there will be an average of 45 transactions per active PayPal account, up from an average of 40.9 transactions in 2020.
So you can see the trend is that people are using PayPal more frequently and more and more people are using PayPal to shop online to fulfill their orders.
15. PayPal Processes 22% of Online Transactions in the U.S.
In the US, about 22% of online transactions are processed by PayPal, which means PayPal remains one of the most used online payment services.
16. The average PayPal account balance is $485
An interesting statistic I found about PayPal is that, on average, a PayPal account has a balance of $485, which is shocking that people would leave such a large balance in their accounts.
17. Over 300,000 UK citizens use PayPal every day
PayPal is popular with UK citizens, with more than 300,000 Brits transacting with PayPal every day; Germany has about the same number of users.
In addition, more than 96,000 people use PayPal every day in France and more than 71,000 people use PayPal every day in Italy.
18. PayPal accidentally gave a man $92 trillion
A fun fact about PayPal, did you know that PayPal accidentally paid $92 trillion?
Having said that, the money was quickly removed from the man’s account, but it was a funny oops from PayPal!
19. Over 30,000 people work for PayPal
One cool trend you might want to know about PayPal is that the number of employees will increase to more than 30,000 in 2021, a 16.6% one-year increase.
Also, PayPal has more than 26,000 employees in 2020, a 14% increase from 2019, so you can see the trend becoming very clear.
20. Venmo is a subsidiary of PayPal
PayPal has several different subsidiaries, but one fact that people may not know is that Venmo is a subsidiary of PayPal, an online payment system with millions of users.
21. Honey is a subsidiary of PayPal
Did you know that Honey is a subsidiary of PayPal, PayPal’s largest acquisition since Honey’s $4 billion acquisition in 2019?
22. eBay buys PayPal for $1.5 billion
eBay bought PayPal in 2002 for $1.5 billion, but then spun off from PayPal in 2015, and once that happened, PayPal’s market cap jumped to $49 billion!
23. The average conversion rate in 2018 was 88.7%
PayPal’s e-wallet has a high conversion rate relative to other companies, with an average conversion rate of 88.7%, which is about 60% higher than other e-wallets.
Is PayPal still popular?
Yes, PayPal is hugely popular with over 426 million active users, which is a massive increase of around 370 million in 2020.
Additionally, PayPal’s user base is only expected to continue to grow as people continue to frantically shop online.
Which age group uses PayPal the most?
25% of PayPal users are between the ages of 25 and 34, 22% are over the age of 55, and 20% are between the ages of 45 and 54.
Is Venmo better than PayPal?
Venmo is better if you’re just sending money to your friends or family, but it doesn’t have nearly the same features and benefits as PayPal, so it’s up to you how you use it.
For example, if you have a business, you’ll want to use PayPal because of its many benefits and features for a business account, or if you plan to make multiple transactions.
What are the disadvantages of PayPal?
Disadvantages of PayPal include taking several business days to receive your money, higher fees for processing credit cards, and even higher chargeback fees.
Also, contacting customer service can be difficult, and if your account is flagged in their system for any reason, your funds may be frozen.
To learn more, you can also read our posts on PayPal G&S, how PayPal refunds work, and PayPal headquarters.
in conclusion
There are several interesting facts about PayPal, such as there are over 426 million active users on the platform and over 1.6 million websites accept PayPal.
In addition, PayPal has more than 29 million merchant accounts and more than 41 million transactions are completed on PayPal every day.
In addition, Venmo and Honey are subsidiaries of PayPal, with Honey being PayPal’s largest acquisition at over $4 billion.
