PayPal Processed US$3650 Per Second in Q2 2011

PayPal Processed US$3650 Per Second in Q2 2011

So everyone shops online these days, for something, and must have come across this payment platform called PayPal.

In an article found at TechCrunch, eBay owned "crown jewel", PayPal has reported that it processed US$3650 in Total Payment Value every second in Q2 2011.

TechCrunch also went on to estimate how much PayPal processed in a day -- about US$315.3 million. Now that's a lot of money.

PayPal doesn't only help eBay with online payments, it's also the standard used throughout most of the Internet.

It even made the jump into mobile, and is seeing about $US10 million of transactions in a day.

According to TechCrunch, it also seems that PayPal also has many other plans up its sleeves.

And lastly, here's a stat from TechCrunch to remind you why PayPal is raking in cash while sitting quietly in the background, processing your online payments -- its Total Payment Volume represented almost 18% of global e-commerce.

To read more, click here. (via TechCrunch)

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