PayPal sees big online holiday shopping spike
PayPal, eBay’s payment processing subsidiary, said Friday that it saw a thirty percent increase in the volume of U.S. payments on Thanksgiving Day compared to last year. In 2008, PayPal reported only a fifteen percent jump in Thanksgiving day payments compared to 2007. Similarily, web analytics company Coremetrics Inc., said online sales were up thirty percent on the five hundred U.S. brands it tracks.
Hopefully this is a sign that people are getting back on their feet financially after the recent rough recession.
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Comments (2)
I was curious to see what this holiday season will look like, in financial terms.
It doesn't mean that the crisis is over or that everything is OK now, but at least there's some indication that things might get better pretty soon and it's a cause for optimism.
Happy holidays.
I saw a pretty consitstent increase in my sales trends during the last 2 weeks leading up to black friday. My thanksgiving sales spiked a good 50% compared to this time last year; and paypal is my primary payment gateway, so as a daily paypal user, I concur.
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