Paypal

PayPal is one of the most popular online payment options worldwide. X-Cart has a certified integration with PayPal Website Payments Standard and PayPal Website Payments Pro out of the box.

PayPal facts

• US and Canadian merchants with X-Cart did apprx. $4.3 million in payment volume in Q1 2009 using PayPal.
  
• PayPal has 73 million active registered accounts (184 million total accounts) which have had activity in the past 12 months and is available in 190 markets.
  
• PayPal supports payments in 19 currencies including: U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling, Japanese Yen, Chinese RMB, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, New Zealand Dollar, Norwegian Krone, Polish Zloty, Singapore Dollar, Swedish Krona, Swiss Franc, Mexican Peso and Israeli Shekel.
  
• PayPal maintains a very low loss rate due to fraud – 0.28 percent, just one third of one percent.
  
• PayPal transacted about $2,039 in Total Payment Volume every second in Q1 2009.
  
• PayPal accounts contain approximately $3 billion in stored value that is spent every 2 weeks.
• PayPal is by far the best-known payment system, with 83% of UK Net users aware of it. (from Forrester's Online Financial Services Survey Q4 2006, which surveyed 1,246 consumers who are frequent Internet users in the seven countries of France, UK, Germany, Spain, Italy, the Netherlands and Sweden)
  
• PayPal recently announced that it has 20 million accounts in the UK, nearly one in three adults.
  
• Answering to question "Which of the following new payment schemes, if any, have you used in the past year?" 60% of UK Net users said: "PayPal" (Source: Forrester's European Online Financial Services Survey Q4 2006 UK Study)
  
• In 2008, 54% of UK adults regularly shopped online — that is around 28 million online shoppers. (Source: Mar 2009 Forrester Research Inc, "UK Online Retail And Travel Forecast, 2008 To 2014")
  
• The typical UK online shopper will spend ? 1,507 per year online by 2014. It is expected the average spend per online shopper to rise from GBP 1,277 in 2009 to GBP 1,507 in 2014. (Source: Mar 2009 Forrester Research Inc, "UK Online Retail And Travel Forecast, 2008 To 2014")