![]() More than 1.6 million websites use PayPal. More than 300,000 British people use PayPal every day.īreaking down the number of PayPal users by country, the UK and Germany are at the top of the European list, each with more than 300,000 daily active users. Plus, PayPal provides a variety of features to make online shopping more convenient and secure for its clients-something that ends up working to merchants’ advantage, too. Many retailers like the platform’s lack of contracts and monthly fees, as well as its easy configuration. Thanks to PayPal, doing business online is painless for merchants. There are 29 million active PayPal merchant accounts. The company had just 84 million active users in the beginning of 2010. ![]() The online payment giant added 67 million people to its user base in the span of a year, reaching 392 million active users in the first quarter of 2021-which is 15 million more than the previous quarter. It supports 100 different currencies, helping people all around the world pay and get paid.Īre you curious about PayPal’s customers? Let’s take a look. PayPal is one of the biggest online payment platforms available in the industry. PayPal User Statistics: Widespread Success More than 1.6 million websites use PayPal.PayPal now processes about $2.5 billion in payments each day.An average of 41 million transactions are done via PayPal every day.PayPal conducted 15.4 billion transactions in 2020.By the end of 2020, PayPal had 29 million active merchant accounts.About 80 million use its One Touch feature.As of 2021, PayPal has 392 million active users.So, let’s get started! PayPal Stats to Keep in Mind in 2022 (Editor’s Choice) In a nutshell, you'll discover information on PayPal’s income, employees, users, subsidiaries, and a slew of other interesting facts that prove just how amazing the online payment giant is. Either way, we're sure you'll find our post on the newest PayPal statistics eye-opening and quite useful. Selling via PayPal Here card reader costs 2.7% for card swipes, or 3.5% and $0.15 for manual transactions.Maybe you're considering getting a PayPal account, or maybe you've had one for a while now. Selling internationally costs 4.4% and a fixed fee depending on the currency. Selling fees in the US cost 2.9% and $0.30 per transaction. However, payment via any type of card or PayPal Credit costs a funding fee of 2.9% of the transfer amount and a fixed fee. International PayPal cash payments cost no funding fees. International money transfers via any payment method-PayPal Cash, PayPal Cash Plus, credit card, debit card, PayPal Credit, or a linked bank account-cost 5% of the transfer amount for transactional fees. Paying with a credit card, debit card, or PayPal Credit costs 2.9% of the amount and a fixed fee. If you're sending money on PayPal within the US using PayPal Cash, PayPal Cash Plus, or a linked bank account, there are no charges. PayPal has more complicated charges for different locations and services. If you exceed this limit, it costs 2% of the amount. There are no fees for card issuance, and it's free to make cash withdrawals of up to $250. ![]() To convert between your Borderless account, you'll be charged 0.3% - 0.6%, but 0.1% if you're sending money out of the account. ![]() To deposit to Wise Borderless account, the charges range between 0.4% and 0.5%. International money transfer charges vary between 0.4% and 2%, depending on the currency and type of payment. Simply enter details on the Wise homepage and use their calculator to see your transaction fees whenever you want to make a transaction. Wise has transparent fees for all their transactions. TransferWise and PayPal charge a small commission on their transactional services. Although both platforms offer an alternative to sending money via banks, their services don't come free.
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