Back To 1995

   Chapter 480

  Not only on the Xue Leshan online platform, but also PayPal's payment channel, ebay, Amazon and other e-commerce platforms that require payment, PayPal has also appeared, and they have given large discounts and discounts!

   Far away on Lao Maozi's Yeadex platform, PayPal also appeared. Yeadex made its debut by relying on the proxy Hotmail mailbox, and now it is Lao Maozi and the largest technology company in Eastern Europe.

Yeadex's product line covers e-mail, instant messaging ICQ, Internet advertising company DoubleClick, Yeadex also launched Lao Maozi this year, the first Russian-based search engine, plus e-commerce, broadband, proxy mobile phone Business, mobile Internet business in cooperation with America Telecom, etc. In the old Maozi technology world, Yeadex is now a behemoth.

Moreover, Lao Maozi's current special situation has made Yeadex operate the largest offline second-hand trading platform in Eastern Europe. Now Yeadex's offline second-hand trading office buildings have spread across many cities in Lao Maozi, and they have become local people who barter and realize cash. Prime venue for jewelry, gold and more!

The launch of   PayPal is almost even more powerful in the hands of Yeadex. There are Lao Maozi and Eastern European, well-informed users who use PayPal to exchange their banknotes, gold, jewelry, antiques, etc. into foreign exchange to preserve their value.

  Now PayPay is in Lao Maozi, just playing the edge ball. After a while, Lao Maozi reacted, and it will definitely not allow Lao Maozi users to easily exchange money for foreign exchange.

   There is no large-scale promotion of PayPal through TV stations, newspapers, outdoor advertisements and other media, but PayPal has become a payment channel for companies such as Xue Leshan Online, eBay, Amazon, Yeadex and other companies since its launch.

   "Now PayPal's global downloads have exceeded 940,000, of which over 210,000 overseas users have registered!"

   At noon, Aaron Swartz walked into Song Yang's office and put a report in front of Song Yang.

   On the morning of its launch, PayPal's performance was dazzling. Without large-scale publicity, the number of downloads and registrations has approached one million people. Today, the number of downloads throughout the day may exceed two million people!

   Since the beginning of this year, although the achievements of the Internet have been constantly broken, a new product, with nearly 2 million downloads in a single day, is definitely breaking the table.

Song Yang was not too surprised when he saw the report. With the user scale of ICQ, Xue Leshan, DoubleClick, eBay, and Amazon, as well as a big deal, it hit a million users in the morning. It is a miracle, and it can only be regarded as qualified when placed on the "rich second generation" of the Internet like PayPal!

There is no advertisement in the media, but PayPal is real money, giving money to users, like these 940,000 users, PayPal, Xue Leshan, eBay and other companies, the US knife that has been thrown out has definitely exceeded 5 million US knife, but the money is directly given to the user, so there is no need to call the second-hand dealer in the media for publicity.

   "How about the activity of PayPal users, and how much is the transaction volume?" Song Yang put down the report and asked Aaron Swartz.

  Aaron Swartz said, "The transaction volume of PayPal's entire platform is now $6.5 million, of which more than 60% are traded on the Snow Mountain online platform, and the rest are on eBay, Amazon, Yeadex and other platforms."

   On the Xue Leshan online platform, several new games such as "StarCraft" are used to attract users to pay with PayPal, and the effect is still very obvious.

   By means of cash distribution and discounts, users are attracted to use PayPal as a payment channel. As for the loss, it is not to mention.

   Today, Snow Mountain Online, eBay, Amazon, Yeadex and other platforms have issued a lot of discount coupons. If nothing else, the revenue of these platforms will increase explosively today!

"PayPal has to be prepared, whether it is security or other aspects, there must be no problems. PayPal's goal is not to achieve a daily turnover of more than 10 million US dollars on the platform, but to make PayPal's daily turnover as soon as possible. The turnover must reach more than 100 million US dollars, so that PayPal can survive!" Song Yang said to Aaron Swartz.

   If nothing else, the transaction volume on the PayPal platform today can definitely exceed 10 million US dollars, but this is far from enough for PayPal.

  Compared to those banking giants, PayPal charges very low fees. To survive, it must win by scale, that is, by a huge user base.

  As long as the number of users grows, PayPal will be able to live the life it hates the most even if it doesn’t want to make progress. Just like banks, they can “make money while lying down” by charging fees!

  Song Yang needs PayPal to develop in the shortest possible time, before the bank giants on Wall Street have yet to react!

Hearing Song Yang's request to PayPal, Aaron Swartz's scalp felt a little numb. The concept of a daily turnover of 100 million, that is, PayPal's annual revenue scale, is enough to exceed most banks in the world. It's really going to cut the corner of the big bank.

The daily turnover of 100 million US dollars sounds a bit scary. It can be used as a payment channel promoted by platforms such as Xue Leshan Online, eBay, Amazon, Yeadex, and Enron Online. If it can really become the main payment channel of this platform, let alone The turnover is 100 million US dollars, and it is estimated that it will be ten times more, which is not a problem!

  As Snow Mountain Online, eBay, and Amazon continue to issue discount coupons, PayPal’s downloads are increasing wildly.

  In the invisible places, there are third-party data statistics agencies, and they have found some clues. It is really the users of the two major e-commerce platforms eBay and Amazon, and they are very active today.

  Nielsen data agency was the first to publish the news, "Today, Amazon, the largest online bookstore in America, and several e-commerce platforms such as eBay, have increased user activity, and Amazon's single-day revenue has increased by more than 10%!"

  Amazon defeated Barnes & Noble and has become the largest bookstore in America. It is now starting to transform, and today's user activity has almost suddenly increased a lot!

  Dallas Comerica Bank Headquarters, today Kerrimea and the directors of Comerica Bank are also paying attention to the newly launched PayPal payment.

Comerica Bank has now been bound with PayPal. Both parties are prosperous, and both parties are lost. Comerica Bank, taking such a big risk, is an enemy of the entire Wall Street bank, just to seek wealth and risk, naturally Is to see the performance of PayPal Caixing.

   "The report from the settlement center!"

  As the leader of the PayPal project, Chris Jain naturally became the person who connected with PayPal.

Chris Jain took out a piece of data he just got from the Bank of Comerica, "Now there are more than 1.2 million PayPal users, and today the number of global users is likely to exceed 2 million. The funds have already exceeded 8 million dollars, and today's Bank of Comerica bank settlement center, processing orders, may exceed 17 million dollars!"

"in addition…"

Facing the expectations of the directors of Comerica Bank, Chris Jain said, "More than 200,000 PayPal users have begun to deposit funds on the PayPal platform, and the scale of funds exceeds 160. One hundred thousand dollars!"

   Chris Jain's voice fell, and the directors of Comerica Bank suddenly showed joy on their faces, and began to applaud, looking at Jain's eyes, full of admiration.

   This is the first day of PayPal's launch. Both users and transaction volume are showing explosive performance. It is expected that these data will increase exponentially in the future!

  Be aware that as a settlement center, Comerica Bank shares the user handling fee with PayPal. The larger the transaction volume on the PayPal platform, the more handling fee that Comerica Bank will extract.

   And what attracted the attention of Comerica Bank was that some users started to transfer the US knife to the PayPal platform, which made Comerica Bank even more valued.

As a partner of PayPal, it is also PayPal's settlement center and fund escrow party. The US knives on the PayPal platform are all carried out through the Comerica Bank. When the user puts more US knives on the PayPal platform, it is quite Because of this money, it is managed by the Comerica Bank!

At present, the funds deposited on the PayPal platform are only 1.5 million US dollars, but if this amount of money reaches 10 million, 100 million US dollars, or even more, the meat is left behind and the oil is left, such a huge sum of US dollars , Comerica Bank has a way to make more dollars with this money!

   "Jian, I knew I didn't read you wrong. When the board nominated you, I was the first to agree!"

A director of Comerica Bank said to Jain with a smile on his face, Comerica Bank also knows that once PayPal's plan is realized, how much impact it will have on the banking order of Wall Street, and for Comerica Bank. For Bank of America, this may be an opportunity, and the status of Chris Jain, the contact person of PayPal, will skyrocket!

   However, some people are happy and some people are worried. While the Comerica Bank is full of expectations, Alliance Western Bank, a small and medium-sized bank in Phoenix, Arizona, is a little overwhelmed at the moment.

   "Funds are still flowing out?!"

The manager of Alliance Western Bank asked angrily to the director of the storage department. From today onwards, this bank, which focuses on low handling fees and mainly small and medium-sized users, has started to reduce the amount of US dollars in its account. In half a day, nearly ten million dollars have been lost.

   (end of this chapter)