PayPal, eBay report huge sales increase during Thanksgiving

PayPal, eBay report huge sales increase during Thanksgiving

PanARMENIAN.Net - After properly stuffing themselves with copious amounts of turkey, cranberry sauce, sweet potatoes, dressing, and pumpkin pie, eBay saw a ton of people reach for their mobile devices to make some form of payment, VentureBeat reports.

Overall, eBay had a 133 percent increase (compared to the previous year) in mobile transaction for the holiday. It’s online transaction service PayPal also saw a jump of 173 percent in global mobile payments for Thanksgiving 2012, compared to the previous year.

The most popular time to shop on mobile devices with PayPal during the holiday was between 12 pm and 1 pm (PT). Coincidentally, this was also the most popular time for people to upload Turkey day-related photos to Instagram.

The most popular cities using PayPal, according to the company, were Houston at No. 1, followed by Los Angeles, Chicago, Miami, and New York.

EBay predicted it would see a huge boost in mobile transactions for the holiday season in its Q3 earnings report. So that, combined with the growing number of people using mobile devices in general makes this particular piece of news pretty unsurprising.

 Top stories
Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT).
Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues.
Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls.
Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."
Partner news
---