PayPal is a popular way to send money, make an online payment, receive money or set up a merchant account.
It was originally established in 1998 as Confinity. This company merged into X.com, an online banking company founded by Elon Musk, in 2000. One year later, it was renamed PayPal and in 2002 the company went public.
Acquired by eBay
In the same year that PayPal went public, it was acquired by eBay for 1.5 billion dollars. With over 70 percent of all eBay auctions accepting PayPal payments, the payment method became very popular. In 2014, eBay spun off PayPal into a seperate, publicly traded company. After the then-existing agreement between eBay and PayPal ended in 2000, the payments company started working with Adyen.
In October 2020, Paypal announced a new services that allows customers to buy, sell and hold Bitcoin and other crypto coins. A half year later, it announced Checkout with Crypto, which enables PayPal customers to pay with crypto coins alongside other payment methods in their PayPal wallet.
Active in: Europe
Type of business: Marketing, Payments
Established: 1998
Company size: 1000
Revenue: $15.45B (2018)
PayPal headquarters
2211 North First Street
95131 San Jose, CA
The United States