Arguably eBay’s most important asset, PayPal, continues to grow and more importantly, expand into new service channels.
Announcements of new feature functionality, such as remote check deposit capture, along with new partners, such as USAA bank, underscore the complexity of the relationship this company has with the market.
PayPal ended the quarter with 90 million active accounts worldwide adding more than a million new accounts each month during the quarter. And for the fourth consecutive quarter, Merchant Services net total payment volume grew 40% or more year-over-year.
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