CORRECTING and REPLACING PayPal Announces Back-to-School Deals to Help Save Time...

CORRECTING and REPLACING PayPal Announces Back-to-School Deals to Help Save Time and Money

PayPal Survey Reveals Tighter Budgets for Back-to-School Shopping
Season
SAN JOSE, Calif.--(Business Wire)--
Please replace the release dated August 4, 2008 with the following
corrected version due to multiple revisions.

The corrected release reads:

PAYPAL ANNOUNCES BACK-TO-SCHOOL DEALS TO HELP SAVE TIME AND MONEY

PayPal Survey Reveals Tighter Budgets for Back-to-School Shopping
Season

This year, as the leaves start to change colors, parents will be
exercising tighter control over the back-to-school budget, according
to a recent PayPal survey. More than half of the parents surveyed said
they will wait for sales before buying for their teens this fall.
Forty percent will give their teens a budget and let them decide how
to spend the money while only eight percent of parents said they will
buy their teens whatever they want.

In order to help parents and kids find clothing and supplies that
fit their budgets, PayPal has launched a back-to-school Web site with
the season's hottest deals and styles: www.paypal.com/backtoschool.
Starting today, parents can use their PayPal accounts and receive
discounts, cash-back offers and other promotions at some of the most
popular sites on the Web, such as American Eagle, eBags, eBay, Guess,
OfficeMax and Shoebuy.com.

As parents and teens stock up for school this fall, many will
disagree over how the back-to-school budget is managed. The PayPal
survey, conducted by Ipsos North America, found some disparity over
who controls the purse strings. Eighty-two percent of parents said
they are involved in deciding what their teens buy. However, 62
percent of teens disagreed and said they decide what to buy on their
own. Teens with jobs claim to have the most independence, with 45
percent saying they not only make the final decisions on what to get
but they also use their personal money to facilitate the purchases.

"While parents and kids disagree about who is really in control of
back-to-school purchasing decisions, online shopping is something
everyone can agree on," said Don Fotsch, Vice President of User
Experience and Design. "PayPal is helping parents and kids save time
and money by offering great online deals on everything from trendy
apparel to back-to-school basics that don't require a trip to the
crowded mall."

Additional findings from PayPal's survey include:

-- Computers or clothing? While most teens concede they need basic
school supplies, 52 percent of boys said they wanted a laptop for the
back-to-school season; 41 percent of girls listed clothing as the
number one item on their shopping lists.

-- Chain reaction: Sixty-four percent of teens shop at chain
stores. The majority of girls surveyed (81 percent) said they shopped
at chains, while less than half of boys reported shopping at chain
stores (48 percent).

-- In style: Friends are still the biggest style influencers for
teens (78 percent). Magazines (29 percent), television (27 percent)
and family (27 percent) are also factors.

-- If mom says no, ask dad: While moms seek sales and bargains,
dads are more likely to assign their kids a budget (43 percent) and
let them spend it how they see fit. Dads are also more likely than
moms to buy their kids whatever they want (12 percent versus 7
percent).

About the survey

The PayPal back-to-school survey was conducted by Ipsos North
America, among the most trusted research brands in North America, from
February 26 to March 2, 2008. The total sample size was 2,002
respondents, divided evenly between teens and parents, with quotas to
ensure sample distribution by age and gender according to the online
population.

About PayPal

PayPal is the safer, easier way to pay and get paid online. The
service allows users to pay without sharing financial information and
gives consumers the flexibility to pay in any way they prefer,
including through credit cards, bank accounts or account balances.
With 63 million active accounts in 190 markets and 19 currencies
around the world, PayPal enables global ecommerce. PayPal is an eBay
company (Nasdaq:EBAY). More information about the company can be found
at www.paypal.com.

About Ipsos in North America

Ipsos is one of the fastest growing market research companies in
the U.S., market leader in Canada, and among the most trusted research
brands in North America. With more than 1,500 professionals and
support staff in the U.S. and Canada, Ipsos offers a suite of
survey-based services -- guided by industry experts and bolstered by
advanced analytics and methodologies -- in advertising, customer
loyalty, marketing, media and public affairs research, as well as
forecasting, modeling, and consulting. Ipsos companies offer a
complete line of custom, syndicated, omnibus, panel, and online
research products and services.

PayPal
Jamie Patricio, 408-967-6367
jamiep@paypal.com
or
Access Communications, for PayPal
Caitlin Snavely, 917-522-3526
csnavely@accesspr.com

Copyright Business Wire 2008