eBay Inc (EBAY): PayPal launches Passport to drive international sales
eBay Inc (NASDAQ:EBAY) payment division PayPal has launched a new service called PassPort in order to drive international sales from merchants. PassPort is a platform that is used as a resource for stats, tips, and general information on selling overseas.
Currently one quarter of PayPal’s business is cross-border, which amounts to around $45 billion in gross merchandise value.
There is a timeline that charts sales activity on PayPal over the course of the year, which shows the parts of the world that sees the most sales at any given month. It will be updated regularly with details about peak holiday sales times for different markets. This way merchants can plan their own shipping and marketing activities better.
PayPal competes against companies like Stripe, Amazon, and Bitcoin.