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Cyber Monday Paypal Mobile Payment Volume Over 500%

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Thanksgiving Day and Black Friday marked new highs of mobile engagement for PayPal, with 511 percent and 538 percent increases over global mobile payment dollars on the same days in 2010, respectively.

To add to these record-breaking numbers, PayPal also boasted phenomenal sales numbers on Cyber Monday. As of writing this, they are reporting an increase greater than 500 percent in mobile payment volume over the same period on Cyber Monday last year.

The source of much of that volume is most likely eBay. Thi

KLEINMACHNOW - DECEMBER 17:  A sign for Intern...

Image by Getty Images via @daylife

s massive eCommerce company (which also owns PayPal) has reported that on Cyber Monday, discounted iPad 2 tablets were being sold at a pace of four per minute.

At this point in the game, we’re already seeing speculation and reports that sales this Cyber Monday are up 18 percent over this same time on Cyber Monday 2010. Customers shopping on a mobile device has reportedly increased by 11.7 percent, and the number of these mobile shoppers who use their mobile devices to make a purchase is up 6.4 percent.

All other mobile traffic and sales numbers for retailers are up as well. When broken out into individual devices, the iPhone leads the pack at 4.66 percent, followed closely by Android devices at 3.7 percent and the iPad making up 3.12 percent.

Written by Steve

November 29, 2011 at 6:31 pm

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