PayPal

Extracted Attributes

• Type

  Financial Technology Company

• Industry

  Online Payments System

• Company Name

  PayPal Holdings, Inc.

• Key Services

  Online payments, electronic money transfers, payment processing, online invoicing, credit card acceptance, buy now pay later, cryptocurrency investing, bill splitting, budgeting tools, PayPal Checkout, PayPal Invoicing, Working Capital program, PayPal Credit, PayPal Savings

• Market Reach

  Over 200 countries, 25 currencies

• Original Name

  Confinity

• Current Status

  Member of MACH Alliance (since 2023)

• Country of Origin

  United States

• Regulatory Status

  Financial technology company, not a bank, not FDIC-insured

• Fortune 500 Ranking (2022)

  143rd by revenue

• Valuation at eBay Acquisition

  $1.5 billion

Timeline

• Established as Confinity. (Source: Wikidata, Web Search)

  1998-12-01

• Launched the first version of the PayPal electronic payments system. (Source: Web Search)

  1999

• Went public through an IPO. (Source: Summary, Wikipedia, DBPedia)

  2002

• Acquired by eBay for $1.5 billion, becoming a wholly owned subsidiary. (Source: Wikipedia, DBPedia, Web Search)

  2002-10

• Acquired Venmo. (Source: Web Search)

  2013

• Spun off from eBay, becoming an independent company again. (Source: Summary, Wikipedia, DBPedia)

  2015

• Acquired Xoom. (Source: Web Search)

  2015

• Ranked 143rd on the Fortune 500 list of largest U.S. corporations by revenue. (Source: Summary, Wikipedia, DBPedia)

  2022

• Became a member of the MACH Alliance. (Source: Wikipedia)

  2023

PayPal

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015, eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue. Since 2023, PayPal is a member of the MACH Alliance.

Web Search Results

• PayPal - Wikipedia

  PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users, for which it charges an international addition bank charges fee. [...] PayPal's services allow people to make financial transactions online by granting the ability to transfer funds electronically between individuals and businesses. Through PayPal, users can send or receive payments for online auctions on websites like eBay, purchase or sell goods and services, or donate money or receive donations. It is not necessary or required to have a PayPal account to use the company's services. Certain packaging may come with tracking numbers. PayPal account users can set [...] ### Early history [edit] The company was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Fieldlink. Later it was renamed Confinity, a company which developed security software for hand-held devices. When it had no success with that business model, it switched its focus to a digital wallet. The first version of the PayPal electronic payments system was launched in 1999.

• The Story of PayPal: The World's Most Valuable Fintech Firm

  PayPal is the highest valued digital payments platform in the world. It enables global commerce across multiple platforms and devices, bringing new buying opportunities to consumers and businesses across the globe. Established in 1998, PayPal's mission is to democratise financial services and empower people and businesses to join together and exchange value for better experiences. [...] At the same time, PayPal is constantly looking to the future, developing new technologies to improve its services and stay ahead of the curve. Some of its latest innovations include cryptocurrency investing, bill splitting, and budgeting tools. The company gave rise to four billionaires, including Elon Musk, Peter Thiel, Max Levchin, and Reid Hoffman. The role of this company as a catalyst for the entire fintech industry cannot be understated. [...] The company allows individuals and merchants to get paid in more than 25 currencies in over 200 countries. It also has a wide range of services and products to make the process of payments easier, including online invoicing, credit card acceptance, and buy now pay later options, to name a few.

• PayPal | History, Description, & Facts | Britannica Money

  PayPal is an American e-commerce company formed in March 2000 that specializes in making money transfers over the Internet. The company enables users to link their PayPal accounts to their own bank accounts and credit cards, making transfers and payments faster than analog ways of moving money. ## How PayPal makes money [...] PayPal was founded in 1998 when, as the company puts it, “money meant paper and coins.” Originally named Confinity, PayPal developed an early focus on digital payments for consumers and businesses. Its mission was to create the world’s first digital payment platform that would make money work faster and better. Peter Thiel, of Confinity, was among PayPal’s founders. [...] In October 2002, eBay acquired PayPal for $1.5 billion, making PayPal the official payments provider for eBay. PayPal continued to grow. By 2011, it had more than 100 million active users in 190 markets and 25 currencies. In 2013, the company acquired Venmo, the digital wallet of choice for millions of college students and small businesses, and the cross-border payments platform Xoom in 2015.

• The PayPal Story: Online Payment Pioneers - Quartr

  PayPal was founded in December 1998 as Confinity by Max Levchin, Peter Thiel, and Luke Nosek, aiming to develop security software for handheld devices. The founders saw the potential in creating encryption software for the world of mobile computing, a sector that was growing rapidly at the time. While Confinity was focused on this for the immediate time after its founding, the vision for the company quickly shifted. [...] For businesses, PayPal provides a range of tools designed to facilitate payment processing and financial management. These include PayPal Checkout, which integrates with e-commerce platforms, such as Shopify, to streamline the payment process, and PayPal Invoicing, which allows businesses to create and send invoices electronically. PayPal's Working Capital program offers short-term loans to small businesses based on their PayPal sales history, providing a source of financing that can be easier [...] In addition to its foundational payment services, PayPal offers several other financial products and services. PayPal Credit, a line of credit provided to users, allows customers to make purchases and pay for them over time, adding a level of flexibility to online shopping. Furthermore, PayPal has ventured into the realm of savings and investment through its partnership with Synchrony Bank, offering high-yield savings accounts under the brand PayPal Savings.

• Pay, Send and Save Money with PayPal | PayPal US

  PayPal is a financial technology company, not a bank. The Card is linked to your PayPal Balance Account. See PayPal Balance Terms and Conditions. 1 Offers are subject to availability. Redeem points for cash and other options. PayPal Rewards terms and merchant exclusions apply. Offers change often so refer to merchant site for the most accurate information. We may earn a commission when you make a purchase. 2 [...] PayPal is a financial technology company, not a bank, and is not FDIC-insured. FDIC insurance protects against the failure of Synchrony Bank, Member FDIC, not the failure of PayPal. Any cryptocurrencies you hold in your PayPal account are not deposits, are not eligible for pass-through FDIC insurance and may lose value. ## Crypto the easy way Crypto curious? Confidently buy, sell, and transfer your crypto – all backed by the security and trust of PayPal.10 Explore Crypto

• Country

  United States

• Founder

  Max Levchin

• Instance Of

  Q35127

• Inception Date

  12/1/1998

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again.The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue.