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IRESEARCH

CONSULTING
GROUP
-PayPal
2013


PayPalPeter ThielMax Levchin19981220022
PayPal9 10eBay15

2012
PayPal19025

1.2

55.726.2%eBay39.6%

PayPal48.1%

1449.424.8%B67.1%

140.0250.0%PayPal9.7%

PayPal

PayPal

PayPal Here

3
13
20

PayPal

PayPal
PayPal

PayPal

Peter ThielMax Levchin199812San


Jose200210eBay
15

Peter Thiel

Max Levchin

Clarium Capital

Slide

The Founders Fund

IronPortGeni
Room9 Entertainment
Yelp

FacebookPalantir
SlideGeniLinkedIn
Room9 Entertainment
Yelp

David Marcus
ZongCEO

CFO
Patrick Dupuis

CTO
James Barrese

CRO
Tom Keithley

PayPal

Discover 2013
3PayPal Here 2012
8zong10X.commercePayPal Access 2011
2FaceBook3
4PayPal
11PayPal X
1Fraud Sciences
10Bill Me Later

2010

2009

2008

10PayPalVeriSign
PayPal 2005

2002
2001
2000
1999
1998

2PayPal910eBay15
PayPal

6PayPal

3X.comX.com X.comElon Musk


CEO

7 Nokia VenturesDeutsche Bank450;10


PayPal

12Peter Thiel Max LevchinConfinity PayPal


5

PayPal

O2O
PayPaleBay

20121.23190
251000
6

PayPal

PayPal
C\BeBay

PayPal

199910
PayPal

20064 200810 200510

VeriSign
Bill Me Later

20103

2000

200910

20117Zong
Bill Me
X.com
2010,9
PayPal
LatereBay

PayPal

purchase protections

20123PayPal
20081
201110PayPal
Here 20128

Fraud
X.commerce
Discover
Sciences 20127
PayPal Access
Card.io Financial Services
eBayPayPal

2013

PayPal
PayPal Here

5000

20134
PayPal

United Kapital

eBay

United
Kapital
2.5

PayPal

190
25
15000

PayPal

PayPal

1.23

190251.23

PayPal

PayPal
++
PayPal
5
7


PayPal

PayPal

PayPal Here
PayPal20123PayPal Here
PayPal HereiPhoneAndroid
PayPalPayPal

PayPal2.7%1%1.7%
Square2.75%
PayPal Here
9

PayPal
Bill Me Later

Bill Me Later2008
PayPaleBay
2009PayPal

PayPal
Bill Me Later

Bill Me Later
PayPal

2013Bill Me Later

PC

19.99%
2

$25
$35

2.9% + $30

PayPal

10

PayPal

2010PayPal201291

2PayPalGoogle
Adwords
PayPal
PayPal

PayPal

2-5

40-60

10

30

20

2.2%-3.0%

2.4%-3.9%

eBay

11

PayPal

PayPal
PayPal

-
-
-ACH

+
+
+

-
-
-

12

3
13
20

PayPal

PayPal
PayPal

13

PayPal
eBay
2012PayPal1.2315.4%
eBayPayPal2011eBay2002PayPal
eBay
2001-2012PayPal
79.5%
2.0

55.6%

67.1%

48.7%

1.5

53.0%

36.2%

39.1%
28.0%

1.0
0.72

52.4%
33.8%

13.9%

0.82

0.56

0.18
0.0

0.04
2001

0.28
0.08
2002

0.13
2003

0.20

2004

0.28

2005

15.1%

16.5%

12.6%

1.7%

3.7%
0.86

0.83

4.4%

4.9%

0.95
0.90 0.94

6.2%
1.06
1.00

1.23
1.12

0.81

0.70

0.38

2006

2007

2008

2009

2010

2011

PayPal
paypal

ebay
eBay

paypal%
PayPal%

ebay%
eBay%

15.4%
11.9%

0.57

0.41

0.5

22.9%

2012

14

PayPal
B
2012PayPal2428.8%1449.422%67.1%
B
2002-2012PayPal
35
30
25
20
15
10
5
0

82.5%

47.9%

41.4%

27.0%

17.2%

24.1%

25.8%

29.7%

28.6%

28.8%
24.0

1.3
2002

2.3

3.4

4.8

6.1

2003

2004

2005

2006

7.2

8.9

2007

2008

11.2

2009

14.5

2010

18.6

2011

2012

67.1%

2002-2012PayPal
2000
74.7%
1500

54.7%

45.3%

35.3%

42.2%

49.0%

37.4%

25.7%

26.7%

61.1%

65.5%

19.1%

28.4%

29.1%

919.6

1000

500
0

55.4%

70.0

122.3

189.2

2002

2003

2004

274.9

2005

377.5

2006

474.7

2007

601.5

2008

22.0%
1449.4

1187.6

716.2

2009

2010

2011

2012

B%
B(%)

15

PayPal
eBay
2012PayPal55.726.3%
2012PayPaleBay39.6%2002eBayPayPal

2002-2012PayPal
358.9%

250

200

150

7.9%

20.2%

59.4%

47.4%

40.1%

33.7%

28.1%

32.0%

21.3%

22.6%

24.1%

25.1%

24.8%

16.3%

50

85.4

76.7

12.1

2002

22.9%

37.9%
28.4%

39.6%
26.3%
140.7

116.5

100

1.0

37.5%

21.7
4.4
2003

45.5

32.7
7.0
2004

10.3
2005

87.3

91.6

59.7

14.4

2006

19.3

2007

28.0

24.0

2008

2009

34.4

2010

44.1

2011

55.7

2012

paypal
PayPal

ebay
eBay

paypal%
PayPal%

paypalebay%
PayPaleBay%

16

PayPal

2012PayPal92.3%PayPal
PayPal201251.9%
2002-2012PayPal
100%

2.2%

1.9%

2.4%

2.6%

2.7%

4.6%

3.5%

5.5%

5.1%

6.5%

7.7%

97.8%

98.1%

97.6%

97.4%

97.3%

95.4%

96.5%

94.5%

94.9%

93.5%

92.3%

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

80%
60%
40%
20%
0%

2004-2012PayPal
100%
80%
60%

70.3%

64.2%

61.9%

57.4%

55.7%

56.1%

53.1%

50.1%

48.1%

29.7%

35.8%

38.1%

42.6%

44.3%

43.9%

46.9%

49.9%

51.9%

2004

2005

2006

2007

2008

2009

2010

2011

2012

40%
20%

0%

17

PayPal
PayPal50%
2012PayPal28.330.5%PayPal
55.0%

PayPalPayPaleBay

2008-2012PayPal
40

44.3%

45.9%

48.9%
31.5%

52.6%
36.2%

18.0%

30

55.0%
30.5%
28.3

21.7
20

15.9
10.3

12.1

10

2008

2009

2010
%

2011

2012

PayPal%
paypal%

18

PayPal
10%
2012PayPal140250.0%9.66%
PayPal20092011
400%

2007-2012PayPal
464.0%

200

431.9%

433.3%

257.1%
0.01%

0.04%

250.0%
0.20%

0.82%

3.37%

150

9.66%
140.0

100

50

40.0

0.1

0.3

1.4

2007

2008

2009

7.5
2010
%

2011

2012

19

3
13
20

PayPal

PayPal
PayPal

20

PayPal

PayPal1901.2325PayPal

PayPal
eBay
PaPal
PayPal

PayPaleBay
eBay
PayPal
Square
PayPal

21

PayPal

PayPal

VisaMaster card
Square

GoogleApple

O2O



Android
22

PayPal

PayPal

&

23

PayPal
+

90%

3D

1.
2.

24

paypal

25

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