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Record-Breaking Black Friday For eBay’s PayPal

November 29th, 2009 11:28 admin Leave a comment Go to comments

adeelarshad82 writes “eBay’s PayPal division reported that PayPal processed 20 percent more transactions on Black Friday compared to last year. PayPal didn’t release the total payment volume, but claimed that its Payflow Gateway system processes nearly a quarter of e-commerce, while its direct sales numbers reflect 12 percent of all e-commerce. In general, reports from a number of e-tailers and retailers indicated that consumers spent more on Black Friday than in 2008, when the United States was in the midst of a recession. However, it’s still unclear whether shoppers bought more on Black Friday, when they could expect a discount on what usually is one of the busiest days in the holiday season, or whether the pattern will continue. In 2008, shoppers stopped buying in early December, a shock that the US economy felt well into 2009.”
How did your Black Friday turn out? Did you wait in endless lines and contribute to the trampling deaths of fellow shoppers, sit at home and help take down your favorite online retailer’s servers, or eschew the process altogether?

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