PayPal Statistics: One Fifth of Global E-Commerce Conducted Via Paypal

Now thats a stunning statistic. We spotted this today:

"PayPal says that it saw $3,650 in Total Payment Volume every second in Q2 2011. By our calculations, that means PayPal is processing around $315.3 million in payments per day. On average, the payments platform is seeing upwards of over 5 million transactions a day.

PayPal’s Total Payment Volume in 2010 represented nearly 18 percent of global e-commerce. With the way that the payments platform is growing, this number should increase in 2011."

Statistics Source: TC