
Alex Chriss
@acce • 51,694 subscribers
Former CEO @PayPal. acce.eth
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PayPal is bringing payments and commerce to ChatGPT. Soon, hundreds of millions of people who use ChatGPT and PayPal will be able to checkout in just a few taps. And the tens of millions of businesses that rely on PayPal will soon have a path to make products be discoverable and purchasable directly within ChatGPT with no new integrations needed. The next era of digital commerce is here, and PayPal is leading the way. 🚀 Sam Altman OpenAI
Alex Chriss317,483 views • 7 months ago

We reported our third quarter results this morning. PayPal delivered another strong quarter with broad-based profitable growth across branded experiences, Venmo, and PSP. We also announced a new partnership with OpenAI to expand payments and commerce in ChatGPT. PayPal is a fundamentally stronger company today than we were two years ago. We returned the company to growth and are on pace for 6 to 7 percent transaction margin dollar growth, excluding interest on customer balances, in 2025. Here are some highlights 👇 🔵U.S. branded experiences (online and offline) volume accelerated to 10%, more than double our growth a year ago 🔵Venmo revenue was up more than 20% and TPV grew 14% 🔵Added 2 million first-time PayPal and Venmo debit card users in the U.S. 🔵Buy Now, Pay Later volume grew more than 20% 🔵Payment Service Provider (PSP) volume returned to healthy, profitable growth at 6% 🔵 We are also building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity Given this strong momentum, we are raising our full year 2025 guidance for transaction margin dollars and earnings per share. We're also excited to announce that we are initiating a dividend, which demonstrates our ability to invest in growth and return capital to shareholders. Thank you to the hundreds of millions of merchants and consumers who trust PayPal every day, to our developers and partners, and to the PayPal team for your hard work and dedication. We are exceptionally well-positioned to win into the future. 💪
Alex Chriss66,714 views • 7 months ago

I often hear firsthand from business owners like Maddie and Paul Voge, founders of Aura Bora, about how essential our services are to their success. It is a powerful reminder of why we do what we do. Cyber 5—from Thanksgiving through Cyber Monday—is the busiest and most important time of the year for hundreds of millions of PayPal customers. Our global team worked around the clock to help consumers take advantage of great deals and ensure our merchants had what they needed to win every sale—and we delivered. Here are some highlights from Cyber 5: 🔵 PayPal was the #1 most popular payment app on iPhone on Black Friday, Small Business Saturday, and Cyber Monday in the U.S. and Germany 🔵 Cyber Monday was our biggest day of the year so far, with approximately $7B in payments processed – $81K+ per second! 🔵 Over 70M transactions at SMBs powered by PayPal 🔵 More than 1.2M SMBs had their best sales day of 2024 🔵 100K+ SMBs made their first sale with PayPal 🔵 Powered double-digit growth in buy now, pay later transactions, compared to Cyber 5 last year 🔵 Increased Pay with Venmo transactions by double digits, compared to Cyber 5 last year At times like these, I’m reminded of the critical role PayPal plays in global commerce and grateful for our team’s dedication to serving our customers! 🚀
Alex Chriss70,392 views • 1 year ago

.Venmo is now available as a way to pay on eBay! This is another example of the demand from the world’s largest retailers to connect with our passionate Venmo community. And a new way for our 90M+ Venmo users to shop where they want. The opportunity with Venmo is tremendous, and we’re just getting started.
Alex Chriss60,701 views • 2 years ago
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