Published: March 5, 2022
PayPal is a long-standing platform that‘s simplified the lives of many, enabling payments to come from different parts of the world hassle-free. So, how many people use PayPal to receive and send funds? Read on, and we‘ll tell you more!
How Many People Use PayPal?
According to the most recent statistics available, the number of PayPal (active) users in 2021 reached 426 million in Q4 2021. The number of active users has been steadily increasing since 2010, recording a particularly impressive growth from Q4 2019 to Q4 2021.
Other Stats and Facts About PayPal
If you‘re curious about specifics about PayPal and want to know how many Americans have a PayPal account, which countries are the number one fans of this platform, and so much more, keep reading.
About 7 million businesses around the world offer PayPal.
(Source: PayPal / SimilarTech)
Statistics show that the US is the leading country with the highest number of websites using PayPal (512,505). The United Kingdom and Germany follow with 113,291 and 88,995 websites offering PayPal, respectively.
According to a 2018 survey, Consumers are 54% more willing to buy (especially in unfamiliar situations) if the business accepts PayPal.
What‘s more, 59% of consumers tend to stop a purchase upon realizing PayPal isn‘t an option. PayPal seems to be the foundation of online shopping, and, according to m-commerce stats, m-commerce probably wouldn’t even exist if it weren’t for tools like PayPal.
The UK is one of the countries that use PayPal the most.
(Source: Ecommerce News / PayPal)
An estimated 20 million Brits use PayPal to shop every year.
There were over 2.9 million monthly active PayPal App users in the UK in January 2021.
Surprisingly, the number of PayPal App users in the UK has been steadily decreasing since reaching its peak in February 2018, when it counted over 3.7 million active users.
Over half of Americans (58%) use PayPal.
And it seems that Americans keep more money on their PayPal accounts than they do in their wallets. On average, Americans keep $485 in their PayPal and only $196 in their physical wallets.
Credit cards and digital wallets were equally popular in the US in 2020.
A few years back, credit cards were the preferred e-commerce payment method. However, PayPal has become their main contender in recent times. Credit cards and PayPal each accounted for 30% of the total payment count in 2020. Debit cards followed with 21%.
PayPal accounts for 22% of all online transactions in the US.
PayPal is the most popular online payment method in the US, which is why many popular websites and online stores like eBay, Walmart, Ikea, and Polarbackup accept PayPal payments.
As many as 19.3 billion PayPal transactions were made in 2021.
(Source: Business of Apps)
This was a significant increase compared to 2020, when there were a total of 15.4 billion transactions made.
There were 45 transactions per account in 2021.
(Source: Business of Apps / Statista)
The number of people using PayPal is increasing (the global number of users increased by a whopping 101 million from 2020 to 2021), as are the numbers of transactions. The average number of transactions per account grew from 40 in 2019 and 2020 to 45 in 2021.
It‘s hard to deny PayPal‘s popularity as more and more people are turning to online shopping and opening PayPal accounts.
Now that you know the full extent of popularity of this digital wallet service and the number of people worldwide using it, maybe you‘ll decide to give it a go yourself (if you already haven‘t).