After just 100 months in the payments platform business, PayPal had already amassed 133 million users and more merchants than Visa, MasterCard and American Express put together (according to Chris Skinner, CEO of Balatro and chairman of the Financial Services Club). This was way back in 2007. Some stats have shown that PayPal is the preferred mode of payment boasting figures anywhere from 5% to 23% of the total number of online shoppers polled. The figures are impressive indeed.
In this article, we will look at why a growing horde of online shoppers choose PayPal and why merchants insist on PayPal shopping cart software integration in their ecommerce solution.