EBay is seeking to make PayPal the common currency of the Internet, and the addition of iTunes, the biggest online music store, is a feather in its cap. PayPal is focused on growing its eBay business, overseas transactions linked to eBay, as well as what it calls its "off-eBay" business."
In the third quarter, PayPal processed $4.6 billion in payments, an increase of 52 percent from the $3.0 billion in the year earlier quarter. That figure includes merchandise purchased on eBay, the largest online auction site.
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