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October 8, 2013

eBay records 19% Growth , launches Click and Collect servive in UK

ebay  set to integrate online and offline shopping
In the first quarter of 2013, eBay's profit grew 19 percent to reach $677 million. Powered by 18 percent growth of eBay's payment service PayPal, the company's revenue grew 14 percent

 E-commerce giant eBay today made its latest moves to blur the lines between online and offline commerce, and it’s chosen the UK to do it: it launched a new “Click & Collect” service, where shoppers can buy goods from eBay online and then select a physical retail location where they can be delivered

On top of this, eBay said it will be bringing its same-day delivery option, eBay Now, to the UK, its first push outside of the U.S. for the service. PayPal has long grown out of its role as a payment service solely for eBay's Marketplaces. In the March quarter PayPal handled 682 million payments from 128 million active users. Active users of eBay's Marketplaces grew from 112 to 116 millions in the past three months.