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PayPal
PayPal

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!!! Overview[1]
[PayPal|https://www.paypal.com/home |target='_blank'] is an American, international [digital wallet|Mobile-Digital Wallets] and [Payment Service Provider] based e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.
[{$pagename}] is one of the world's largest internet payment companies. The company operates as an [Acquirer], performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee.
PayPal was originally established by Max Levchin, [Peter Thiel], and Luke Nosek in December [1998|Year 1998] as Confinity.
Established in [1998|Year 1998], [{$pagename}]
In March [2000|Year 2000], Confinity merged into X.com, an online banking company founded in January [1999|Year 1999] by [Elon Musk]. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and Bill Harris, then-president and CEO of X.com, disagreed about the potential future success of the money transfer business and Harris left the company in May [2000|Year 2000].
In October of that year, Musk decided that X.com would terminate its other internet banking operations and focus on [{$pagename}]. That same month, Elon Musk was replaced by [Peter Thiel] as CEO of X.com,[18] which was renamed [{$pagename}] in [2001|Year 2001] and went public in [2000|Year 2000] as (NASDAQ: PYPL) at $13 per share and generated over $61 million and became a wholly owned subsidiary of [eBay] later that year.
In [2013|Year 2013], [{$pagename}] moved $180 billion in 26 currencies across 193 nations, generating a total revenue of $6.6 billion (41% of eBay’s total profits). In 2014, eBay announced plans to spin-off [{$pagename}] into an independent company the following year.
!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [PayPal|Wikipedia:PayPal|target='_blank'] - based on 2013-04-10
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop