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Record-Breaking Black Friday For eBay's PayPal

adeelarshad82 writes "eBay's PayPal division reported that PayPal processed 20 percent more transactions on Black Friday compared to last year. PayPal didn't release the total payment volume, but claimed that its Payflow Gateway system processes nearly a quarter of e-commerce, while its direct sales numbers reflect 12 percent of all e-commerce. In general, reports from a number of e-tailers and retailers indicated that consumers spent more on Black Friday than in 2008, when the United States was in the midst of a recession. However, it's still unclear whether shoppers bought more on Black Friday, when they could expect a discount on what usually is one of the busiest days in the holiday season, or whether the pattern will continue. In 2008, shoppers stopped buying in early December, a shock that the US economy felt well into 2009." How did your Black Friday turn out? Did you wait in endless lines and contribute to the trampling deaths of fellow shoppers, sit at home and help take down your favorite online retailer's servers, or eschew the process altogether?

3 of 115 comments (clear)

  1. Sorry, what? by Anonymous Coward · · Score: 3, Insightful

    How did your Black Friday turn out?

    What is a "Black Friday", why is it black, why is it a Friday, and why is it important?

  2. Re:Why Me... by Jah-Wren+Ryel · · Score: 3, Insightful

    How else can I hurt them except by defaulting on my debt?

    Not much you can do except maximize the amount you default on.

    I've been thinking that if someone really wanted to put the screws to the banks they could take on a massive amount of debt as they neared end of life - really max out all available credit, transfer the cash and any other property to friends and family and then die with absolutely no assets left in their estate.

    --
    When information is power, privacy is freedom.
  3. Huh? by gbutler69 · · Score: 2, Insightful

    What makes you think Gold is stable in value with respect to all other commodities?

    --
    Over-the-top Response Guy! Giving "Over-the-Top Responses" since 1970.