PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like 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 in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015. The company ranked 204th on the 2019 Fortune 500 of the largest United States corporations by revenue.
Services
As of 2020, PayPal operates in 202 markets and has 305 million active, registered accounts. PayPal allows customers to send, receive, and hold funds in 25 currencies worldwide.
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 to have a PayPal account to use the company's services. PayPal account users can set currency conversion option in account settings
Founded: December 1998
November 1999; 20 years ago (as X.com)
Headquarters: 2211 North First Street
San Jose, California, U.S. (corporate headquarters)
Omaha, Nebraska, U.S. (operative center)
Founder(s): Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan, Russel Simmons, Elon Musk
Key people: John Donahoe (Chairman), Dan Schulman (President and CEO)
Industry Financial services: Products Credit cards, payment systems
Revenue Increase: US$17.772 billion (2019)
Operating income Increase: US$2.719 billion (2019)
Net income Increase: US$2.459 billion (2019)
Total assets Increase: US$51.333 billion (2019)
Total equity Increase: US$16.929 billion (2019)
Employees: 21,800 (Dec. 2018)
Parent eBay (2002–2015)
Subsidiaries: BraintreePaydiantVenmoPayPal CreditXoom CorporationTIO Networkscard.ioiZettleTradera
Website Link: www.paypal.com
Social Network: Facebook, Twitter, Instagram, YouTube
Acquisitions:
| Acquisition date | Company | Price |
| Jan 28, 2008 | Fraud Sciences | $169M |
| Oct 6, 2008 | Bill Me Later | $945M |
| Apr 20, 2011 | Where.com | $135M |
| Apr 28, 2011 | FigCard | — |
| Oct 15, 2011 | Zong | $240M |
| Jul 17, 2012 | card.io | — |
| Apr 11, 2013 | IronPearl | — |
| Sep 26, 2013 | Braintree | $800M |
| Sep 26, 2013 | Venmo | $26.2M |
| Dec 17, 2013 | StackMob | — |
| Mar 2, 2015 | Paydiant | $280M |
| Mar 5, 2015 | CyActive | $60M |
| Jul 2, 2015 | Xoom Corporation | $890M |
| Aug 19, 2015 | Modest Inc | — |
| Feb 14, 2017 | TIO Networks | $233M |
| Aug 10, 2017 | Swift Financial | — |
| May 17, 2018 | iZettle | $2.2B |
| June 19, 2018 | Hyperwallet | $400M |
| June 22, 2018 | Simility | $120M |
| Sept 30, 2019 | GoPay | undisclosed (70% stake) |
| Nov 20, 2019 | Honey | $4B |
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