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Top 10 companies using Paypal in the US in 2022

Bharath Vittal
Bharath Vittal
Jul 11, 2022
4
Min Read

Recently, the man who has been touted as the world's richest and the co-founder of Paypal, Elon Musk, observed that "money is fundamentally digital at this point and has been for a while." He is not wrong.

According to McKinsey & Company, one of the world's leading management consultancy firms, around 82% of Americans in 2021 used some form of digital payment. This is a continuation of positive mobile payments for e-commerce trends.

These trends indicate that although traditional digital payment networks such as Visa and Mastercard are still quite popular, financial tech networks such as PayPal are growing steadily in terms of their user base, especially among younger populations in the country. 

PayPal was founded in 1998 as an alternative to traditional paper-based transactions. Today, it boasts compatibility with 25 different currencies and is available in more than 200 countries/regions worldwide.

Here are the top 10 companies using PayPal in the US in 2022.

1. Chegg

Chegg's Founders: Aayush Phumbhra and Osman Rashid
Year Founded: 2005

Chegg's Location: Santa Clara, California
Chegg's Monthly Unique Visitors: 8,164,247
Chegg's Web Sales: $50M-$100M

Chegg is an American edutech company offering a wide range of services to students.

The company attempts to help students achieve their educational goals with assistance for examinations, physical and digital textbook rentals, writing aid, and expert tutoring sessions. The company went public in 2013.

What does Chegg even mean? The history of our name | Chegg Play

2. Apple

Apple's Founders: Steve Jobs and Steve Wozniak
Year Founded: 1976
Apple's Location: Cupertino, California

Apple's Monthly Unique Visitors: 270,913,846
Apple's Web Sales: Over $10B

Apple's Order Volume: 50,000+

Apple is a consumer electronics and software multinational company based in the United States.

It boasts a wide range of premium offerings from laptops, mobile phones, media players, and tablets to accessories such as earphones and smartwatches.

Apple (India)

3. Etsy

Etsy's Founder: Robert Kalin
Year Founded: 2005
Etsy's Location: Brooklyn, New York

Etsy's Monthly Unique Visitors: 21,320,677
Etsy's Web Sales: Over $5B
Etsy's Order Volume: 50,000+

Etsy is a global eCommerce marketplace that is specifically tailored for the buying and selling of handmade and creative merchandise such as vintage artifacts, craft supplies, and handmade jewelry.

One of the unique features of Etsy is that it has no warehouse, and it merely acts as a network through which people can sell their one-of-a-kind products.

Etsy: Buy & Sell Unique Items - Apps on Google Play

4. BBC Shop

Owned by: BBC Worldwide
Year Founded: 2015

BBC Shop's Location: United States of America
BBC Shop's Monthly Unique Visitors: 19,569,002
BBC Shop's Web Sales: Over $5B

BBC Shop is an online marketplace for merchandise related to BBC programs and popular British brands. The store offers a wide range of products such as DVDs, books and audiobooks, jewelry, toys and games, gifts, and home decor.

BBC Shop is fully owned and controlled by BBC Worldwide, an American subsidiary of the British Broadcasting Company.

BBC Shop – BBC Shop US

5. Walmart

Walmart's Founder: Sam Walton
Year Founded: 1962
Walmart's Location: Bentonville, Arkansas

Walmart's Monthly Unique Visitors: 236,507,511
Walmart's Web Sales: Over $5B
Walmart's Order Volume: 50,000+

Walmart is one of the world's largest retail corporations with an online presence as well as over 10,500 brick-and-mortar stores.

Walmart stores are present in 24 countries and offer a wide range of products, from fresh produce and dairy products to pharmaceuticals and household supplies.

Walmart.com is getting a new look

6. Target

Target's Founder: George Dayton
Year Founded: 1902
Target's Location: Minneapolis, Minnesota

Target's Monthly Unique Visitors: 13,755,105
Target's Web Sales: Over $5B
Target's Order Volume: 50,000+

Target is a multinational company that runs a massive chain of retail stores in the United States and abroad. There are presently close to 2000 Target stores throughout the US.

Target is known for its diverse product selections and offers clothes, toys, beauty products, books, furniture, grocery, and much more.
 

7. Wayfair

Wayfair's Founders: Niraj Shah and Steve Conine
Year Founded: 2011
Wayfair's Location: Boston, Massachusetts

Wayfair's Monthly Unique Visitors: 7,163,301
Wayfair's Web Sales: Over $5B
Wayfair's Order Volume: 50,000+

Wayfair is an eCommerce giant that deals exclusively in furniture and home products.

Its online platform boasts an incredibly diverse product inventory and includes bedding and bath products, kitchen products, home appliances, decor and carpeting, outdoor furniture and lighting, to name a few.

Wayfair.com - Online Home Store for Furniture, Decor, Outdoors & More

8. Dell

Dell's Founder: Michael S. Dell
Year Founded: 1984
Dell's Location: Round Rock, Texas

Dell's Monthly Unique Visitors: 30,760,775
Dell's Web Sales: $1B-$5B
Dell's Order Volume: 50,000+

Dell is an American technology giant that is world-renowned for its computers and computer-related products.

Dell products include laptops, PCs, monitors and displays, gaming accessories, storage solutions, and so on. The company also handles the servicing and repairing of a wide range of computer-related products.

9. Nike

Nike's Founders: Phil Knight and Bill Bowerman
Year Founded: 1964
Nike's Location: Beaverton, Oregon

Nike's Monthly Unique Visitors:  10,523,912
Nike's Web Sales: Over $5B
Nike's Order Volume: 50,000+

Nike is the world's largest developer and manufacturer of sports apparel, footwear, and equipment.

Named after the Greek goddess of victory, Nike today sponsors some of the world's leading athletes and sportspeople. It offers an exciting range of products that include shoes and clothing for activities such as training, gym, basketball, football, tennis, and golf.

Nike. Just Do It. Nike IN

10. Xbox

Owned by: Microsoft
Year Founded: 2001
Xbox's Location: Redmond, Washington

Xbox's Monthly Unique Visitors: 7,179,215
Xbox's Web Sales: $1B-$5B
Xbox's Order Volume: 50,000+

Xbox is Microsoft's very own video-game brand headquartered in the US.

Xbox offers a line of home gaming consoles as well as online gaming support and physical copies of popular video games.

Xbox Official Site: Consoles, Games, and Community | Xbox


Conclusion

The COVID-19 pandemic forced many to adopt digital payments, and the trend that was set then is expected to continue in the years to come.

PayPal is one of the world's most popular digital wallet technologies that enables cashless transactions. Its annual revenue in the year 2021 was $25.3B, which was the result of a whopping 19.3B transactions completed on the platform that year. This was an increase of over 25% as compared to the 15.4B transactions in 2020.

Since digital payments are here to stay, more and more companies are expected to look towards incorporating PayPal support into their websites and eCommerce platforms.

This will ensure that they do not lose out on valuable revenue due to the non-availability of PayPal as a payment option. 

For more insights into eCommerce data analytics and how it can transform your business, check out PipeCandy's reliable market tools.

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Analyst turned marketer. Passes the Gen-Z vibe check with his Linkedin writeups. Currently handles Content Strategy and has ambitious plans for the eCommerce community.
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hm.com
HQ Location: Beaverton, Oregon, United States Of America, 97005
hm.com, operated by H & M Hennes & Mauritz AB, is an internationally-focused online store that generates eCommerce net sales primarily in Germany as well as in the United States and the United Kingdom. With regards to the product range, hm.com achieves the greatest part of its eCommerce net sales in the “Fashion” category.
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