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the history of eCommerce - part 2

The History of eCommerce: Part 2

Part 2

In part one of this series, we highlighted some early milestones that helped establish the internet as a commerce channel. Now we’ll discuss when some of the largest ecommerce players were born and how they helped accelerate the rapid growth of digital commerce.

Amazon.com and AuctionWeb (now eBay®) go live. (1,2)

Dell Inc. records $1 million in daily online sales. (3)

Annual ecommerce retail sales reach $7.7 billion. (4)

PayPal is born when an engineer develops an online demo allowing people to email payments. (5)

Annual ecommerce retail sales reach $28 billion, a 264% increase in just two years. (4)

eBay acquires PayPal for $1.5 billion. (6)

In our next and final installment, we’ll highlight how this groundwork led us to where we are today.


1 Wikipedia,http://en.wikipedia.org/wiki/Amazon.com

2 Wikipedia, http://en.wikipedia.org/wiki/EBay

3 Net Industries, http://ecommerce.hostip.info/pages/305/Dell-Computer-Corp-IMPACT-INTERNET.html

4 HighBeam Research, http://www.encyclopedia.com/topic/Business-to-Consumer.aspx

5 PayPal, https://www.paypal-media.com/history

6 Wikipedia, http://en.wikipedia.org/wiki/PayPal


Amazon.com, eBay, Dell, and PayPal are registered or unregistered marks belonging to one or more unaffiliated third parties that do not endorse or sponsor Vantiv Integrated Payments, LLC.

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