But losses mount for the home furnishings e-retailer that went public in October.
PayPal has amassed more than 20 million member accounts and expects that by the middle of this month total value of payments since its network debuted 3 years ago will surpass $10 billion.
Online payments provider PayPal Inc. has amassed more than 20 million member accounts, double the number of a year ago, the company said today.
PayPal also said it expects that by the middle of this month total value of payments transacted through its network since its debut 3 years ago will surpass $10 billion.
The company, which is being acquired by eBay Inc. in a deal worth about $1.5 billion, continues to grow by "focusing on what we do best: providing secure, convenient online payments," said COO David Sacks.
PayPal, Mountain View, CA, reported first- and second-quarter profits this year of $1.2 million and $529,000, reversing year-ago losses of $27.7 million and $29.3 million.