rtmark
LearnBonds.com

Report: PayPal’s Number of Active Accounts Nearing 300 Millions (2010-2019)

PayPal stock price

Latest data indicates that online payment platform PayPal had 286 million active accounts by the second quarter of 2019. The most recent statistics mean that PayPal has been on a growth (active accounts registered) each year since 2010.

In the first quarter of 2019, PayPal had 227 million accounts globally. From 2010, the platform has been on a steady growth thanks to several unique products and market strategies. In the course of the last nine years, PayPal has recorded a staggering 202 million active users’ growth.

Notably, PayPal’s payment services have been growing thanks to the expanding online shopping and retail opportunities powered by mobile commerce.

By the close of 2018, about 36% of North America retailers had accepted PayPal as a payment method.  Another 34% will roll out PayPal in the next two years. The latest PayPal payment addition is the brick-and-mortar retailers and shops.

Why PayPal is Actively Growing?

Notable initiatives behind PayPal’s user growth include improving customer choice, partnering with banks, and fostering customer loyalty.

Over the past few years, PayPal has inked critical partnerships with other payment networks like Visa and Mastercard. Currently, Paypal users can set the default payments to a credit card. This move brings a lot of convenience to users globally.

Initially, the only payment method tied to PayPal was the bank account. Partnership with Visa and Mastercard has seen users sign up for PayPal using whatever payment method they like.

PayPal has also increased its presence in other countries like the UK and India, where it inked deals with local banks. These partnerships saw banks incentivize customers who sign up for PayPal.

From the data, PayPal has managed to maintain its users, something partly achieved through fostering customer loyalty.  With over 19 million merchants accepting PayPal, most customers are prompted to sign up for the service. A survey from ComScore indicates that some customers won’t complete a transaction if PayPal is not part of the check out methods.

Report: PayPal's Number of...
ComScore data.

Growing Transaction Volume

Notable retailers under PayPal include BestBuy and Home Depot and digital content sellers like Humble Bundle or Valve.

Products like the PayPal card have made it more convenient for consumers to transact. Some retailers require users to swipe their PayPal cards at the physical point-of-sale while making payments.

The increase in users has also translated into PayPal’s transaction volume. In 2018, with 254 million users by the third quarter, PayPal had a mobile transaction volume of $227 billion, a growth of 46% from the 220 million active users registered in 2017.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Justinas Baltrusaitis

Justin is an editor, writer, and a downhill fan. He spent many years writing about finances, blockchain, and crypto-related news. He strives to serve the untold stories for the readers.