PayPal Reports 4th Quarter
Welcome back!
Positive 4th Quarter 2008 Results !!!!
PayPal announced positive results for the company’s 4th Quarter in 2008. Company posted $623 million in top-line revenue, an increase of 11% year over year. Company also reported stronger transaction volume for the quarter was $15.99 billion, an increase of 14% year over year.
This is a positive for online merchants, selling products over the Internet. Ecommerce continued to look strong over the 2008 Holiday Buying Season. We hope this trend continues, as gas prices are down over 50% from their highs. We remain optimistic for a sooner that expected recovery in the economy, but we also fear the worst is not over yet, time will tell.
Stay tuned.
MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683
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Tags: Ecommerce, Merchant Account, PayPal
