“Thanksgiving … eBay’s PayPal payment service saw a 511% increase [wow, an increase in transactions from 100 to 611] in global mobile “payment volume” compared to Thanksgiving 2010, and there was a 350% increase in the number of customers shopping through PayPal mobile on Thanksgiving compared to last year.”

http://www.auctionbytes.com/cab/cab/abn/y11/m11/i28/s01

I know I am a bit slow but what is the basis for these disingenuous and differing Thanksgiving increases, 511% and 350%. Other than the 511% increase being marked “global”, what is the difference? Or, does “payment volume” mean “dollar value” as opposed to the number of transactions/customers? And why would any increase for the US Thanksgiving day be so much greater “globally”?

Whatever, these figures don’t seem to make sense. PreyPal’s US Thanksgiving day “activity” up 350% but “globally” on the same day they are up 511%. Surely, if anything, the reverse would be the case. It also suggests that PreyPal’s activity outside of the US must be up even more than 511% (unless “globally” does not mean “globally” but only means “outside the US”). How did they miss boasting about that? … Sheesh!

The fact is the eBafia is still going backwards compared to ecommerce in general:
http://seekingalpha.com/article/310751-holiday-2011-wrap-up-on-cybermonday-and-cyberfive

Then, we must never forget Ming’s Law: “The eBafia [and PreyPal] lies, always has, always will”. And, when the eBafia is not practicing outright deception, they invariably are demonstrating utter incompetence.

PayPal claims PayPal Is Not a Payments Processor!
http://forums.auctionbytes.com/vbulletin/showthread.php?t=24148

Enron / eBay / PayPal / Donahoe: Dead Men Walking.