PayPal delivered a strong third quarter performance. It ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011. Revenue increased 23% year over year and net total payment volume (TPV) grew 20% year over year to $35.2 billion.
eBay reported that the PayPal 'take rate' was 3.89% in 3Q2012, down from the prior quarter, but up 11 basis points from a year earlier. Transaction expenses were 1.07%, down 7 basis points from a year earlier. The loss rate was 0.30%, up from the prior quarter, but down one basis point from a year earlier.
“Despite a slow, but sustained economic recovery, we continue to see healthy expansion in commercial spending,” said Tad Fordyce, head of global Commercial Solutions, Visa Inc. “Underneath this growth lies a clear opportunity for financial institutions to optimize their commercial card programs to capture more spend with electronic payments and ultimately better meet the needs of their commercial and government clients.”
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