PayPal
PayPal is a pioneer in the online payment industry and one of the largest payments services for individuals and merchants. Founded in 1998, PayPal has given companies and consumers an alternative way to facilitate business in an international economy. PayPal manages a two-sided proprietary global technology platform that link customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The platform aims to democratize financial services and the movement of money, allowing their customers to use their accounts for both purchase and paying for goods, as well as to transfer and withdraw funds. The platform also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products.
Associated People
Jose Fernandez da Ponte
2019 - present
Peter Thiel
1998 - 2002
Ken Howery
1998 - 2002
Luke Nosek
1998 - 2002
ABOUT PAYPAL
PayPal has remained at the forefront of the digital commerce revolution for more than 25 years with approximately 200 markets around the world.
Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products.
Its team members get industry-leading benefits and are located across the world—in the Americas, Europe, the Middle East, and Asia Pacific.
PayPal was a subsidiary of eBay but was spun off into a separate company in 2015.
Paypal was created by Ken Howery, Luke Nosek, Max Levchin and Peter Thiel in 1998.
In 2002, PayPal joined eBay to become its official payment provider.
In 2008, Bill Me Later joined the PayPal family, eventually becoming PayPal Credit, allowing online sellers to offer deferred payments and promotional financing to the millions of consumers who use PayPal.
In 2011, PayPal grew to over 100 million active users in 190 markets and 25 currencies as it democratizes financial services for everyone.
In 2015, PayPal became an independent company once again and started trading on the Nasdaq stock exchange as “PYPL.”
PAYPAL BENEFITS
One of the world's largest payments networks.
PayPal lets you pay for your favorite things at millions of online stores in the U.S. and across 203 global markets—all without the hassle of converting currency.
Forget your wallet. Pay with your password.
Make purchases, transfer money and pay bills faster—without typing in your account numbers every single time. So you can put down your device and get back to doing the things you love.
The flexible way to shop.
Make purchases, transfer money and pay bills right from your linked credit, debit or other payment accounts.
Rack up your rewards.
Just link your credit cards to PayPal and you can keep earning those rewards with every purchase.