Giving Via PayPal Crossed $1 Billion
January 15, 2018 Mark Hrywna
Giving via PayPal during this past holiday season was up 19.4 percent compared to 2016, with users contributing more than $1.1 billion. More than one in five donations were made via a mobile device.
The San Jose, Calif.-based payment processer reported contributions of $1,160,093,468 to charities between Nov. 27 and Dec. 31. Some 333,669 charities received donations via the platform during the 2017 holiday season, an increase of 18 percent compared to last year. Last year, PayPal users made $971,213,603 in donations.
The number of PayPal contributions were made via a mobile device accounting for 21 percent of gifts, an increase of 14 percent over the previous year. In the United Kingdom (U.K.), 43 percent of donations processed were from a mobile device.
The only day in the final week of last year that did not match or exceed the 2016 total was Dec. 30. Some $50,864,299 was processed during 2017 compared with $59,625,454 for 2016. The only days that did not exceed the previous year’s totals were all Saturdays, coincidentally: Dec. 30, Dec. 23, Dec. 16, Dec. 9 and Dec. 2.
Donors in the U.S. accounted for $934 million, followed by $59 million in the U.K. and $55 million in Canada. The largest single gift was $556,353 – almost $300,000 more than last year.
For #GivingTuesday 2017, PayPal users from 175 countries donated almost $64 million, an increase of 33 percent compared to the $48 million processed in 2016. Some 715,000 PayPal users donated, up from 550,000 in 2016. #GivingTuesday was the second highest day for donations during the giving season, only trailing Dec. 31, but Dec. 29 was not far behind, with $61.5 million processed. PayPal users contributed more than $91 million on the final day of the year, which was up about 15 percent from the nearly $78 million in 2016.
The lowest amount processed during the holiday season was Dec. 25, at $13.6 million, which also was the lowest amount in 2016, at $10.8 million, but still an increase of almost 26 percent.