20 Extraordinary PayPal Statistics Worth Every Penny in 2021

In a world that loves convenience, PayPal makes transferring money from one account to another as easy as it could be.

Moreover, since it can also be used for shopping online, it plays an important role in the modern culture that embraces e-commerce.

However, there’s more to the company than that. You will find some useful PayPal statistics below, so if you’d like to boost your knowledge on this growing company, keep reading.

Top 10 PayPal Statistics and Facts

PayPal Revenue and Company

Despite the pandemic in 2020, PayPal didn’t slow down. This company kept growing, and their future looks brighter than ever. We’ll go over some interesting statistics below.

1. In 2019, the PayPal annual revenue was almost $18 billion. 


The same year, PayPal reported $712 billion in total payment volume. That was a substantial 23% increase from 2018. In addition, the company processed 12.4 billion transactions, which was a 25% increase from 2018.

2. PayPal stock earnings rose by 41% in Q3 2020.


PayPal statistics reported an adjusted $1.07 earnings per share. Moreover, the revenue itself rose to $5.46 billion, which is a 25% increase from the year before.

In comparison, the previous year’s earnings were $0.61 per share on $4.38 billion revenue.

These results beat the analysts’ predictions of $0.94 per share on $5.43 billion revenue.

3. PayPal data shows that the company employs over 23,000 workers worldwide.


In 2019, it was reported that PayPal employs around 23,200 employees worldwide. Out of that number, almost half (11,200) worked in the US that year. It’s safe to assume that number is even higher today.

Additionally, PayPal reports a 57% total employee diversity, meaning that 50% of its board are women or ethnically diverse men.

4. PayPal statistics show that its stock price increased by 116% in 2020.

(The Motley Fool)

2020 was a roller coaster in terms of PayPal’s stock performance. It started slow, then the pandemic hit, and the stock lost its value.

But since then, it has been on an upward trajectory, and the company closed the year with about a 116% increase in stock value.

One of the reasons for this is the fact that many people switched to digital payments, as they are much safer during the pandemic.

5. After exciting 2020 PayPal statistics, 2021 is expected to be just as successful.

(The Motley Fool)

According to analysts, 2021 is going to be another exciting year of growth and innovation for PayPal. Some indicators include digital wallet advances, more physical presence, and improved profit growth.

PayPal introduced the ability to invest in cryptocurrency, improved its mobile application, Venmo, and acquired Honey Science.

PayPal also announced deals with CVS Health and Nike (and some other companies yet to be announced). Lastly, profits have been growing at a faster rate than the PayPal annual revenue, which is a positive indicator.

6. PayPal offers multiple types of credit.


Whether you’re interested in getting a debit, credit, prepaid card, or Pay in 4, PayPal has it all.

Depending on what you’d like to apply for, you could either get 2% cash back or points on every purchase, all while getting competitive PayPal credit rates.

PayPal also offers 6 months of promotional financing when you spend $99+ wherever PayPal is accepted.

Not looking for a credit card commitment? Fortunately, there is an option that allows you to make a purchase now and pay it off in four interest-free payments.

PayPal Customer Growth Statistics

With constant enhancements and innovations, the company’s clientele has grown quite a bit. Statistics below show not only customer growth but massive transaction growth as well.

7. There are over 360 million PayPal active users worldwide.

(PayPal, Business of Apps)

Near the end of 2020, PayPal recorded 361 million registered accounts. That is an almost 60 million increase from 2019, or almost 20%.

It’s easy to see why the number of users keeps increasing considering everything PayPal allows you to do.

8. Over 50% of people over the age of 50 have used this payment processing system at some point.


PayPal has seen an increase in older users since the start of the pandemic.

In other words, people that were used to shopping in person are now shopping online, mainly because they see cash as a germ risk, as some interesting facts about PayPal show.

9. Venmo has grown to 65 million active users.

(PayPal, PaymentsSource)

Owned by PayPal, Venmo is a social payments service. The platform allows users to share and like payments and purchases through a social feed.

With millennial spending statistics showing high spending habits, it’s no wonder Venmo’s popularity has grown at such a rapid pace.

Venmo drove $44.3 billion in payment revenue in Q3 2020, up by 61% from the previous year. Venmo has also grown to 65 million active users, solidifying PayPal as the industry leader.

10. PayPal users in 2020 made over 4 billion payment transactions.


At the end of Q3 2020, PayPal users completed 4 billion payment transactions. That accounted for $247 billion in total payment volume.

Moreover, there is an average of 40.1 payment transactions per active account.

PayPal Market Share Statistics

This company has offices in 27 countries and offers the option to make payments in 26 currencies. So, it’s safe to say that its market share and influence go beyond the US borders.

Find out more compelling statistics below.

11. PayPal market share in 2020 is 54.8% of all online payment processing providers.


At the time of writing, PayPal holds 54.84% market share of all the websites offering online payment options.

The closest competitor, Stripe, is far away with about a third of that number — 18.53%.

That’s followed by Amazon Pay, with 3.78%, and Braintree, with 2.33% (at the time of writing).

12. PayPal facts show that it is the preferred payment method in Europe.

(Ecommerce News)

Although there’s a variety of different options when it comes to payment methods in Europe, PayPal seems to be among the most desirable ones.

When it comes to online shopping, more people prefer to make a payment with a digital wallet.

Facts about PayPal are showing us that the company is ahead of the game in countries such as Croatia, Ireland, Italy, Portugal, Spain, and the UK.

13. Customers are 54% more likely to buy a product if the business accepts PayPal.


Some captivating PayPal user statistics show that more people prefer to shop online but are unsure about the safety and potential exposure.

A substantial survey shows that 54% of customers are more likely to make a purchase if there is a PayPal option, especially in unfamiliar situations.

The percentage is especially high in some countries — such as Germany, with 137%, and Australia, with 66%.

In addition, 59% of PayPal users have given up on a transaction because PayPal wasn’t a payment option.

14. PayPal customers can make payments in 26 currencies.

(ShareTribe, Craft)

From US Dollar, Euro, Argentinian Peso, and Norwegian Krone, to Russian Ruble, there are a lot of currencies that PayPal accepts. It’s not difficult to see why it’s one of the most commonly used digital wallets.

The users can enjoy all the offered benefits, as it is a globally known company. They currently have 48 offices in 27 countries.

15. PayPal is among the largest financial companies in the world.

(Wealthy Persons)

With its presence in over 200 countries, PayPal revenue history shows it is among one of the most powerful financial companies globally.

In 2019, the Fоrtunе magazine ranked it 204th on the list of the largest US cоrporаtіоnѕ by revenue.

This makes PayPal, regarding popularity, among the best companies worldwide.

PayPal Fast Facts

It’s not all about revenue and sales — some things are simply interesting. Want to know a few random PayPal facts? Check them out below.

16. Once PayPal accidentally deposited over 92 quadrillion dollars to Chris Reynolds in 2013, according to one of fun PayPal facts.


Chris Reynolds was just a regular guy that decided to check his PayPal account, and to his surprise, there was $92,233,720,368,547,800.

With a number so high, he was the richest man in the world — at least for a short time.

Chris was curious about how this happened, but he got his answer not long after. PayPal admitted their error and offered to donate some money to a cause of Reynold’s preference.

When asked what he would have done with his accidental wealth, Chris joked about paying down the national debt.

17. PayPal exchange rate fees vary, depending on the currency you use. 


There is no flat or exact fee that PayPal charges — it is all determined by the currency you want to use and the amount involved.

If you would like to find out what the potential fee is, you can go to your account.

Click on your wallet, and below your balance, you will see a currency calculator. You can input the amount you wish and find out what your PayPal exchange rates will be.

18. If a seller receives over $20,000 in gross payment, PayPal will report them to the IRS.


As it turns out, PayPal tracks their customer’s accounts.

If a seller was to receive more than $20,000 in gross payments, or over 200 distinct payments for goods and services in a single calendar year, PayPal has to report it to the IRS.

19. PayPal merchant rates differ from standard rates.


The standard rate is the basic transaction fee for sellers.

The merchant rate comes with an additional fee, which is based on how good the volume was in the previous month.

Some merchant fees include an international transaction fee, commercial transaction fee, alternative payment fee, e-check fee, currency converter fee, and others.

20. PayPal offers a “buy now pay later” option with no PayPal interest rate.


An interesting new PayPal feature is the Pay in 4. You have the convenience of purchasing items or services from millions of online stores — and pay for them later.

All you have to do is make the first payment at the time of purchase and the rest of the payments every two weeks.

The bonus is that it doesn’t affect your credit score, and you don’t have to pay any interest.


How does PayPal make money?

PayPal knows how to make a profit in multiple ways. The company’s success lies in charging fees to those who receive payments.

Even though most users don’t have to pay for any transaction fees, sellers who have premier or business accounts are required to spend some money on their transactions.

An additional way the company makes money is by earning interest for just having their users keep money in their account for over a year without using it.

With the popularity and success of PayPal, more than a handful of people are likely to leave some money sitting for a bit too long, which becomes an easy additional revenue source for the company.

When does PayPal report earnings?

The PayPal earnings are reported four times a year for each quarter and they publish the yearly end results when Q4 is published, usually about a month after the end of a year.

Is PayPal owned by eBay?

No, PayPal and eBay are two separate companies, but that wasn’t always the case. In 2002, eBay paid $1.5 billion to purchase PayPal, which was a very profitable investment. However, in 2015, the two companies split.

PayPal still processed payments and was the desirable method of payment by both buyers and sellers on the website until eBay chose another company to partner with.

How much is PayPal worth?

As of January 2021, PayPal is worth $284.09 billion. With the capabilities regarding digital wallets and fast-rising profits, possibilities for growth are endless.

During the third quarter of 2020, PayPal revenue increased by 25% when compared to the year before.

Who founded PayPal?

The PayPal journey began in 1998 when it was created by Peter Thiel, Max Levchin, and Luke Nosek. The first name of the company was Confinity, which is a mixture of the words “confidence” and “infinity”.

In 2000, Confinity partnered with X.com, which is an online bank co-founded by Elon Musk. As the two businesses came together, PayPal became the successful company we are familiar with today.


The PayPal statistics above have shown us that the company is one of the largest online payment systems.

The convenience of offering checks and money orders, online payment processing, and the global currency are the reasons why over 360 million people choose to be part of this company’s growth.

Even with some hiccups along the way, PayPal has proven to be able to stay ahead of the game and continuously improve its services.


Martina is a curious soul. Her obsession with her German Shepherd has led her to work in the veterinary medicine industry where she dedicated her time researching and learning how to improve the quality of life of all pets. She has also developed an interest in real estate and property management. Her desire to learn and search for new information has led her to rise through the ranks and gain significant experience. Whenever not working, Martina loves reading, exploring new places, and traveling.