PayPal

American worldwide online payments system

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.
Company typePublic
IndustryFinancial technology
Predecessors
FoundedDecember 1998; 25 years ago (1998-12) (as Confinity)
October 1999; 24 years ago (1999-10) (as X.com)
March 2000; 23 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]

References change

  1. "PayPal Goes Public Again". Forbes. 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". CNET News. Retrieved 16 March 2014.
  6. Matt Richtel (9 July 2002). "EBay to Buy PayPal, a Rival in Online Payments". The New York Times. 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". CNNMoney. Retrieved 16 March 2014.

Other websites change