PayPal's active account growth accelerated to 15% and ended the year with approximately 123 million registered accounts. PayPal added nearly 2 million accounts a month in the fourth quarter, representing the company's fastest active account growth rate in years. Net total payment volume (TPV) increased 24%, producing revenue growth of 24%.
eBay reported that the PayPal 'take rate' was 3.72% in 4Q2012, down from the prior quarter, but up 1 basis point from a year earlier. Transaction expenses were 1.03%, down 1 basis points from a year earlier. The loss rate was 0.28%, up 1 basis point from a year earlier.
"Zipmark secure digital checks improve the way small businesses send and collect money from their customers by bringing check payments into the 21st century," said Jay Bhattacharya, CEO and co-founder of Zipmark. "Zipmark is as much a risk management platform as it is a payment platform. We take on the risk of the transaction and guarantee funds to billers."
Zipmark's transaction fee is only 1% with a $5 cap.
Merchant processing volume was $178.6 billion, up 17% from the prior year and 9% from the prior quarter; total transactions processed were 8.2 billion, up 21% from the prior year and 11% from the prior quarter.
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