eBay: US $8B in M-Commerce, US $7B in M-Payments in 2012

During 2012, eBay predicts it will make US $8 billion globally in mobile gross merchandise volume (GMV)*, up 60 percent from US $5 billion in 2011, indicating the mobile age has well and truly arrived.

The company’s CEO, John Donahoe revealed these figures at the recent Las Vegas Consumer Electronics Show (CES).  He also forecasted that total mobile payment volume*  will reach US $7 billion, a sharp increase from the US $4 billion that came in via PayPal in 2011.

At the beginning of 2011, eBay predicted total mobile payment volume would reach US $1.5 billion.  However, the company was required to modify that figure several times throughout the year as mobile growth rose dramatically. Considering total mobile payment volume for 2010 was $750 million, these figures demonstrate the way in which smartphones have vastly influenced consumer behavour towards the online mobile experience in a relatively short amount of time.

Donahoe also shared that eBay Mobile currently has more than 65 million downloads of it mobile applications across all platforms, and that more than 890,000 new eBay shoppers made their first eBay purchase via its mobile apps in 2011 –  a 113 percent increase year on year.

For retailers still unsure about embracing mobile commerce, the reality is that it can no longer be viewed as a trend. Mobile is now a way of life and businesses that do not invest in becoming mobile savvy are simply missing out on opportunities and revenue.

* Please note, GMV is a measurement of the value of merchandise sold through an online retailer, an indication of traffic rather than earnings, as is total payment volume, which measures the amounts flowing through PayPal.

Your Say

How does your business utilise the mobile channel and what kind of growth has it experienced over the past 12 months?

 

 

One thought on “eBay: US $8B in M-Commerce, US $7B in M-Payments in 2012

    • CherylD
    • 16th January

    As far as saving/buying and eBay in general 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.

    Reply

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