24 days ago • Posted by Martin Boujol
The Divorce between PayPal and eBay
With this strong e-commerce year, both PayPal and eBay were able to show strong results. PayPal performed particularly well with $277 billion in payment for the 4th quarter, bringing up the year total to $936 billion. It seems like the trillion is in reach for 2021! However, ever since PayPal left eBay, eBay has struggled to grow and keep up with its rivals. The company's gross merchandise volume only increased by 21% in 5 years, while PayPal's payment volume grew by 240%.
Source: Statista, eBay company filings, PayPal company filings