Technology content trusted by users in North America and around the world.
5,017 Articles | 30,548 Posts
Select Your Edition:  
Giveaway time thanks to AMD! Win one of five A Series A8 6600K 3.9GHz CPU's 
Tweakipedia
A wealth of
tech information!

USA EditionYou are located: Home > All News > Business, Financial & Legal News > eBay: PayPal mobile payment up over 500% on Thanksgiving Day and Black Friday

eBay: PayPal mobile payment up over 500% on Thanksgiving Day and Black Friday

By: (more) | Business, Financial & Legal News | Posted: Nov 26, 2011 2:19 am

Thanksgiving is a great time for not just consumers, but retailers. IBM reported that online Thanksgiving 2011 sales were up over 39-percent from last Thanksgiving, with mobile shopping on the rise. eBay and PayPal are seeing similar things, with PayPal Mobile announcing a 511-percent increase in global mobile payment volume when compared with the 2010 Thanksgiving.

 

[img]3[/img]

 

On Thanksgiving in the U.S., consumers shopping through mobile via PayPal most frequently between 6pm and 7pm PST. Compared to the rest of the world where consumers shopped on mobile most frequently between 1pm and 2pm PST. There was more than a 350-percent increase in the number of global customers shopping through PayPal mobile on Thanksgiving compared to last year. These shoppers were mostly located in New York, Houston, Los Angeles, Miami and Chicago.

 

eBay says that U.S.-based shoppers bought and spent more than double versus last Thanksgiving. GSI Commerce noticed a 345-percent increase in U.S. mobile sales compared to last Thanksgiving. And Searches through the local product listings platform Milo had an incredible 557-percent increase over Thanksgiving 2010.

 

eBay's busiest shopping hour on Thanksgiving was between 6pm and 7pm PST, with the five most popular categories being Clothing, Shoes & Accessories, Cell Phones & PDAs, Jewelry & Watches, Collectibles and Toys & Hobbies. Between 6pm and 7pm, eh? Just after most Americans had full bellies, I'd say.

 

Is this a sign that the U.S. economy is strengthening? Or do people truly go nuts during this time of the year, no matter their financial position, or just save up because they know every year at the same time there are mad discounts from virtually every retailer, online or offline?


SOURCE #1

Related Tags



Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!


Business, Financial & Legal News Posts

View More Business, Financial & Legal News Posts


TweakTown Web Poll

Question: Now you have the facts, which is your next-gen gaming console?

Microsoft Xbox One

Sony PlayStation 4

I'm a PC gamer, or not interested, or buying something else

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Business, Financial & Legal Press Releases

View More Business, Financial & Legal Press Releases