PayPal's parent eBay has announced financial results for 3Q2013 which included strong growth numbers for its PayPal business unit.
PayPal delivered a strong third quarter performance with revenue increasing 19% to $1.6 billion. PayPal gained 5.0 million active registered accounts and ended the quarter with 137 million, a 17% increase. PayPal's net total payment volume (TPV) grew 25% to $44 billion driven by consumer and merchant use of PayPal both on and off eBay. Merchant Services net TPV increased 30% with a sequential acceleration of payment volume.eBay reports that PayPal's 'take rate" was 3.70%, down from 3.89% in the same quarter last year. As compared to the prior quarter, PayPal's ransaction expense increased slightly to 1.05% while the loss rate declined slightly to 0.30%.