PayPal

PayPal is a website that allows transfer of money among people via web services and email. The money can be deposited into a bank account. PayPal was owned by eBay, from 2002[5][6] to 2015.[4][7] It can be used in more than 200 countries.[8]

PayPal Holdings, Inc.
Public
Traded as
IndustryFinancial technology
Predecessors
FoundedDecember 1998; 25 years ago (1998-12) (as Confinity)
October 1999; 25 years ago (1999-10) (as X.com)
March 2000; 24 years ago (2000-03) (as PayPal)
Founders
HeadquartersSan Jose, California, U.S. (corporate headquarters)
La Vista, Nebraska, U.S. (operative center)
Area served
Almost worldwide
Key people
ProductsCredit cards, payment systems
RevenueIncrease US$25.37 billion (2021)[3]
Increase US$4.26 billion (2021)[3]
Decrease US$4.17 billion (2021)[3]
Total assetsIncrease US$75.80 billion (2021)[3]
Total equityIncrease US$21.73 billion (2021)[3]
Number of employees
c. 30,900 (2021)[3]
Divisions
  • PayPal Inc (PPI)[4]
  • PayPal Pte. Ltd (3PL)[4]
  • PayPal Payments Pte. Holdings (PPLUX)[4]
  • PayPal Payments Pte Limited (4PL)
Subsidiaries
Websitewww.paypal.com

PayPal allows customers to send, receive, and hold funds in 25 currencies worldwide.[9] However, PayPal is not a bank.[10] Funds that are not used are converted into PayPal's profit.[11]

PayPal Media

References

  1. "PayPal Goes Public Again". Forbes. https://www.forbes.com/sites/ryanmac/2015/07/20/as-paypal-goes-public-again-ceo-hints-at-working-with-amazon-and-sets-sights-on-acquisitions/. Retrieved 2017-08-27. 
  2. "PayPal Leadership". www.paypal.com. Retrieved 2019-04-07.
  3. 3.0 3.1 3.2 3.3 3.4 3.5 "PayPal Holdings, Inc. Full Year 2021 Form 10-K Report" (PDF). cloudfront.net. 31 December 2021. Retrieved 19 February 2022.
  4. 4.0 4.1 4.2 4.3 "EX-10.5". www.sec.gov. Retrieved 2018-06-16.
  5. Wolverton, Troy (3 October 2002). It's official: eBay weds PayPal. http://news.cnet.com/2100-1017-960658.html. Retrieved 16 March 2014. 
  6. Matt Richtel (9 July 2002). "EBay to Buy PayPal, a Rival in Online Payments". The New York Times. https://www.nytimes.com/2002/07/09/business/ebay-to-buy-paypal-a-rival-in-online-payments.html. Retrieved 23 November 2014. 
  7. Seetharaman, Deepa; Mukherjee, Supantha (September 30, 2014). "EBay follows Icahn's advice, plans PayPal spinoff in 2015". Reuters. Retrieved April 16, 2021.
  8. "PayPal Global - All countries and markets". PayPal. Retrieved 28 March 2017.
  9. "PayPal's Q4 2021 Earnings Call".
  10. "Paypal is Not a Bank". Entrepreneurial Thought Leader Speaker Series: ECorner. 21 January 2004. Archived from the original on 12 September 2015. Retrieved 24 November 2014.
  11. Chu, Lenora (February 26, 2008). What PayPal does with your money. https://money.cnn.com/2008/02/26/smbusiness/paypal_float.fsb/. Retrieved 16 March 2014. 

Other websites