not Stripe and no longer eBay...went public for the second time and acquired Braintree, PayPal is growing leaps and dollars
Reporting:
• 29% jump in profit
• $301 million for third quarter
• Up 14% in revenue
• $2.26 Billion in sales
• 12.5 Million payments processed daily
• 173 Million active users (that’s 16 Million from last year)
With these numbers, they can be rivals to Visa/MasterCard or simply continue on the e-commerce path… Certainly putting Square to shame - particularly in the merchant cash advance business with over $1 Billion and busting loan rates to $3 Million per day ($1 Million more than last year). But slightly missing analysts’ expectation with strong dollar hurt it’s transaction volumes in Europe and China (according to finance.yahoo.com)
Then, a glitch today. An interruption in global payment processing due to a center power outage -
Click on the heatmap
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