PayPal
American worldwide online payments system / From Wikipedia, the free encyclopedia
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]
Quick Facts Company type, Traded as ...
Company type | Public |
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Industry | Financial technology |
Predecessors | |
Founded | December 1998; 25 years ago (1998-12) (as Confinity) October 1999; 24 years ago (1999-10) (as X.com) March 2000; 24 years ago (2000-03) (as PayPal) |
Founders |
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Headquarters | San Jose, California, U.S. (corporate headquarters) La Vista, Nebraska, U.S. (operative center) |
Area served | Almost worldwide |
Key people | |
Products | Credit cards, payment systems |
Revenue | US$25.37 billion (2021)[3] |
US$4.26 billion (2021)[3] | |
US$4.17 billion (2021)[3] | |
Total assets | US$75.80 billion (2021)[3] |
Total equity | US$21.73 billion (2021)[3] |
Number of employees | c. 30,900 (2021)[3] |
Divisions | |
Subsidiaries |
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Website | www |
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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]