The online division of US retailer Wal-Mart Stores accepts PayPal for online payments.
Wal-Mart is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500 magazine. Walmart.com provides over 1 million products in its online store, including electronics, toys, home, garden, baby, sports products and more. Wal-Mart is the largest grocery retailer in the US, with an estimated 20 percent of the retail grocery and consumables business.
Walmart.com has a traffic rank of 247 in Alexa's most visited websites ranking. According to a US study released by Javelin Research & Strategy in September 2007, alternative payment methods, PayPal included, will increase to gain 30 percent of all online transaction volume by 2012, up from 14 percent in 2007. Consumers participating in the surveys consider alternative payment methods as trusted and viable method to pay for online purchases.
At present, PayPal processes almost USD 2,000 in payments every second.
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