PayPal Passes 100 Million Accounts
Published March 27th, 2006
PayPal has announced it has surpassed 100 million accounts across 55 markets worldwide. eBay acquired PayPal in 2002 after its own BillPoint service failed to attract users.
According to the press statement, PayPal began offering its service in 1999, ending that year with 12,000 accounts and $235,000 in total payment volume. In 2005, PayPal processed more than $27 billion in total payment volume and exceeded $1 billion in revenue. The company has localized services in 14 countries and supports payments in seven currencies – U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling, Japanese Yen and Chinese Yuan.
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