PayPal has appointed a new head of its Australian merchant services division, on the back of what the company says is ten-fold growth in the market and half of the top 100 Australian online retailers offering PayPal as a payment option.
Ten years in from its initial foray into the Australian market, US-based company, F5 Networks, has experienced strong local growth, particularly in recent years as it transitioned globally from its early days, primarily as a load balancing company, to an application delivery and networking provider with security at the forefront of its products and services.
eBay reported strong earnings today, thanks to growth in mobile adoption, as well as improved performance in the Marketplaces business. The company also released its mobile commerce numbers for the year, which blew past original estimates.
In 2013, eBay expects each to exceed a whopping $20 billion.
PayPal and eBay both expected $10 billion in sales/payments volume for the year, individually.
I notice on the Donation page that LQ makes use of PayPal to handle donations made to LQ. Personally, I have never liked nor used PayPal. Recent events have made PayPal even less attractive. I am wondering if it might not be time to consider some less malevolent alternatives. I feel uncomfortable donating my time to a site the uses PayPal.
Earlier we informed you about Reserve Bank of India banning PayPal from carrying out its operations in India. Heres the update of that. RBI has now allowed PayPal to resume bank withdrawals for settlements for export of goods and services.