Better Buy: Shopify vs. PayPal
More money will be spent by U.S. consumers making online purchases this year than ever before. Adobe Analytics, which analyzes data from 80 of the top 100 U.S. online retailers, estimates that $7.5 billion was spent online this Black Friday, an increase of 20.5% year over year.
This is a trend that will only keep growing as merchants continue to augment their logistics infrastructure to ensure they maintain a robust online presence. In the third quarter of 2019, domestic e-commerce sales rose to $154.5 billion, a 16.9% increase year over year, while total U.S. retail sales only grew 4% over the same time frame, according to the U.S. Census Bureau. Two of the best companies for investors to take advantage of the growing e-commerce trend are Shopify (NYSE: SHOP) and PayPal (NASDAQ: PYPL). Let's take a closer look to see if we can determine which of these growth stocks is the better investment.
E-commerce continues to grow much faster than total retail sales. Two of the companies best positioned to benefit from that trend are PayPal and Shopify. Image source: Getty Images.
Source Fool.com
