<p>Commenting on IMRG Capgemini Sales Index for January 2009, Mark Hodson, UK Marketing Director at PayPal, the world’s largest online payment service said: “Today’s figures from IMRG* demonstrate how the deepening recession is shifting consumers from the high street to the internet.
<br />
<br />“Our recent study** draws similar conclusions revealing 32% of people in Britain shop online every week, with 34% spending over £50 on each purchase. The main reason people are purchasing goods online is to bag-a-bargain or take advantage of online discounts (60%).
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<br />“In tough times retailers are looking for ways to offer customers great deals, in the past 12 months PayPal Offers*** has seen a 200% increase in the number of retailers joining the discount website. Meanwhile as consumers look for ways to shop smarter and save money we have also seen uplift in the number of consumers visiting PayPal Offers, with average page impressions doubling in the last six months.”</p>

<p>For further information please contact:
<br /><a href="mailto:paypal@lansons.com">paypal@lansons.com</a>
<br />020 7566 9777
<br />Helen Thomson/Laura Moss/Louise Bromley/Paul Crayston - Lansons Communications</p>

<p>Notes to Editors
<br />*According to IMRG figures released on Tuesday 17th February
<br /> ** The PayPal ‘Can’t Buy Me Love’ survey was conducted by Ipsos between 9 and 19 December 2008 amongst a sample of 7,000 adults, evenly divided between Australia, Canada, Mexico, Italy, the Netherlands, the United Kingdom and United States. In total, 1,000 UK adults were questioned.
<br />*** PayPal Offers website <a href="https://www.paypal-offers.co.uk/">https://www.paypal-offers.co.uk/</a></p&gt;

<p>About PayPal</p>

<p>PayPal is a secure online account that stores your card and bank details, enabling you to pay online and by mobile phone quickly and safely. There’s no need to enter your sensitive financial information every time you shop, and you can be confident that it is never shared with the seller. PayPal is the safer, easier way to pay and get paid online.
<br />PayPal Europe S.àr.l. et Cie S.C.A. is a Luxembourg-based limited liability partnership, which is regulated by the Commission de Surveillance du Secteur Financier (‘CSSF’) in Luxembourg. PayPal Inc is the ultimate parent of PayPal Europe S.àr.l. et Cie S.C.A. and is 100% owned by eBay Inc. PayPal Inc was set up in the US in December 1998 and acquired by eBay Inc in 2002. In 2007, PayPal processed more than $47 billion in total payment volume, up 33% year on year and the total payment volume for PayPal Merchant Services was $7.5 billion in Q3 2008, up 49% year over year. PayPal has over 175 million accounts worldwide and supports payments from 190 markets in 19 global currencies. </p>

<p>More information about the company can be found at <a href="http://www.paypal.co.uk">www.paypal.co.uk</a&gt; or <a href="http://www.paypal.co.uk/press">www.paypal.co.uk/press</a&gt;
</p>

Published on: 2:03AM on 19th February 2009