eBay reported this week that its Payments segment had net transaction revenues of $93.2 million for 1Q/03, driven by PayPal total payment volume of $2.63 billion, an 80% year-over-year increase over the 1Q/02 total payment volume of $1.46 billion. Including net revenues from third party advertising, total payments net revenues totaled $95.2 million. In the first quarter, 67% of total payment volume came from eBay and other online trading sites, up from 66% in the previous quarter. PayPal’s transaction losses represented approximately 0.34% of PayPal’s total payment volume. eBay says it continues to expect that its Billpoint operations, which contributed $1 million in net revenues in the first quarter, will be completely phased out during the second quarter. For complete details on eBay’s 1Q/03 performance visit CardData ([www.carddata.com]).