Global ecommerce and on-line payments leader eBay has reported a 6% revenue rise in the second quarter of the year to $2.2 billion, compared to the same period last year. The company stated that eBay business was growing in  Europe, steady in Asia, but slower than expected in the US.

The company’s PayPal business delivered record second quarter performance. PayPal added a million new accounts each month during the quarter.

John Donahoe, eBay President and CEO is reported as saying: “We delivered strong second quarter results, demonstrating the global strength and increasing diversity of our business. PayPal is strong and getting stronger, building a robust and innovative global footprint serving all of ecommerce.”

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New research refutes the claim that small and medium-sized companies face anti-competitive on-line barriers. A number of smaller firms had complained to the Office of Fair Trading (OFT) saying that certain practices of larger players, such as PayPal and Google, could lead to “barriers to entry” on-line or “expansion”.

But after carrying out a study, the OFT claimed that internet technologies had actually done a great deal to aid small and medium-sized companies and that competition, in most cases, was healthy.

The research did warn, however, that in some cases the dominance of Paypal and Google could cause problems for firms that were reliant on them.

The research assessed the barriers that small firms face when trying to move their services or sales of goods online.

An OFT statement said: “Barriers to small and medium-sized companies setting up business have decreased across all areas of online markets except supply of goods. This has enabled a new set of smaller firms to trade online.”

The research also found that firms could use the internet to conduct their business more cheaply and easily than ever.

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eBay’s PayPal has reported that its new PayPal Mobile iPhone app has been downloaded one million times in less than three weeks.

The PayPal Mobile iPhone app, launched in March, allows users to split restaurant bills, collect money for events, set reminders for repeat payments, donate to causes and manage various PayPal accounts.

Osama Bedier, PayPal’s vice president of platform and emerging technology, is reported as saying: 
”One million downloads shows just how ready people are to live a cashless and card-free culture with their wallet living safely in the cloud.”