View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. What Is
July 17, 2016updated 02 Mar 2017 12:00pm

What is PayPal?

Making online payments easy since 1998.

By Joao Lima

PayPal is an online payments company.

The American company operates a worldwide online payments system which lets people transfer money online. PayPal is often thought as a digital alternative to checks and money orders.

As one of the world’s largest internet payment companies, the company also acts as a payment processor for online retailers, auction sites and other commercial online vendors.

The company was founded in December 1998, under the name Confinity. In 2002, the company went public and later became a wholly owned subsidiary of eBay.

After eBay spun-off PayPal into an independent company in 2015, the payments giant had its second IPO. The IPO valued the company at $46.6bn.

 

How does PayPal work?

 

Content from our partners
A hybrid strategy will help distributors execute a successful customer experience
Amalthea leverages AI and automation to improve yield while minimising waste and costs
How AI is unlocking valuable opportunities in the insurance industry

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU