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Calling mobile a "game changer," eBay Inc. president and CEO John Donahoe reported the company's revenue for the third quarter increased 15 percent to $3.4 billion compared to the same period last year. Net income was $597 million, up 22 percent over last year.
"We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth," Donahoe said. "Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments. With our strong portfolio and global reach, we are consistently demonstrating our capabilities to help consumers shop anytime, anywhere. And we are enabling retailers of all sizes to compete in a rapidly evolving, multichannel commerce environment."
PayPal, eBay's payment division, posted strong results for Q3 as well. Revenue increased 23 percent year-over-year, and its total payment volume grew 20 percent to $35.2 billion. Active accounts increased 14 percent to more than 117 million.
According to eBay, the PayPal effort to take its payment solutions offline to brick-and-mortar retailers continues, and the company highlighted PayPal's recent partnership with payment brand Discover and the 7 million retail locations that deal opened up.
For more stories like this, visit the mobile/digital wallet research center.
Visa’s online digital wallet, “V.me”, is now out of beta testing on buy.com and, apparently, is generally available for online buyers in the US and Canada (and Australia soon too, I hope).
I expect that those online merchants in North America, that already have a merchant account with an FDIC-insured real bank, will surely now start dumping the clunky PreyPal in favor of Visa’s professional offering. PreyPal will no longer be able to power the bilge pumps that are keeping the leaking old scow eBay from finally slipping beneath the waves. Certainly, once Visa’s V.me is available worldwide, PreyPal will be dead in the water—except possibly for its effectively mandated place on the ever-atrophying eBay Marketplace …
Let’s then see how well the eBafia Don and his clunky Marketplace/PreyPal complex fare in the next twelve months or so …
Regardless, online buyers now have access to a professional online digital wallet: Visa’s “V.me”: https://www.v.me/enrollment/consumers/new
And, the reality of the clunky PayPal, et al ...
http://bit.ly/NFqjmp
eBay / PayPal / Donahoe: Dead Men Walking