eBay: Mobile commerce to rise 60% this year

eBay: Mobile commerce to rise 60% this year
John Donahoe of eBay made a prediction at CES 2012 in Las Vegas that mobile commerce will rise a whopping 60% in 2012. Donhaoe says that this year, the mobile gross merchandise volume of products purchased from an app, or from a browser on a cell phone or tablet, will reach $8 billion. Last year, that figure totaled $5 billion.

Despite the recent departure of PayPal's President Scott Thompson to become CEO of Yahoo, the eBay exec says that he remains confident about PayPal's future in mobile commerce. If any stat shows how powerful this mobile commerce trend is, this one is it. PayPal expected $1.5 billion in mobile total payment volume for 2011. Instead, the actual figure was $4 billion. Donahoe said that eBay is looking for that number to hit $7 billion in 2012 and as recently as 2010, PayPal's mobile total payment volume was just $750 million.

During the Keynote speech, some other interesting stats were revealed. For example, 65 million downloads of the eBay mobile app have been downloaded on all available platforms. More than 890,000 eBay shoppers made their first purchase using the site using the mobile app in 2011, a sharp 113% rise from the previous year.

source: AllThingsD

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3 Comments

1. ivanko34

Posts: 617; Member since: Sep 04, 2011

the problem with ebay is that lot of things are from china, very low low quality, copy and fakes of famous brands most of the money we spend on ebay goes to china and they continue to manufacture more and more bad quality and counterfeits ebay doesnt care of this problem

2. George513

Posts: 3; Member since: Jan 18, 2012

As far as SAVING/BUYING and eBay goes: If you send the seller a question about an item, find another of their listings, and send the question from that item page, rather than from the one that you actually want. This will add a little bit of work for the seller, if they want to add the question/answer to the item description page that you are actually interested in. If you see an item that you want listed in auction format, send the seller a message asking if they will accept $x to end the auction early and sell the item to you. May be telling them that they would not have to wait as long to get their money (they would probably know that, but it still might help). If that does not work, use a sniping service such as Bidball.com to bid for you. It'll bid in the last few seconds, helping you to save money and avoid shill bidding. Use a site like Ebuyersedge.com to set up saved searches. You'd get an e-mail whenever a match is listed. Especially good for "Buy It Now"s priced right. If the item that you are looking for is difficult to spell, try a misspelling search site like Typojoe.com to hopefully find some deals with items that have main keywords misspelled in the title. Other interested buyers might never see them. Then, if the item is listed an auction format, after a few days of no bids (hopefully anyway) send the seller and offer to end the auction early and sell the item to you. They may worry that no one is interested, and take whatever they can get.

3. PhilipCohen

Posts: 6; Member since: Jan 18, 2012

Of course, you have to take into account that Donahoe is utterly delusional … Scott Thompson abandons the struggling eBay for the struggling Yahoo! Oh, Scotty, why? Why? Why? Obviously, Scotty could see the Visa “V.me” iceberg ahead and decided to abandon ship before the tired old scow, eBay, hits that berg—a very smart move ... eBay / PayPal / Donahoe: Dead Men Walking

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