PayPal how to use
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"Pay Pal" redirects here. For the The Simpsons episode, see Pay Pal (The Simpsons).
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. PayPal's payment system, also called PayPal, is considered a type of payment rail.
PayPal Holdings Inc.
PayPal.svg
Type of business
Public
Type of site
Financial
Available in
Multilingual
Traded as
NASDAQ: PYPL
NASDAQ-100 Component
S&P 100 Component
S&P 500 Component
Founded
December 1998; 20 years ago (as Confinity)
November 1999; 19 years ago (as X.com)
Predecessor(s)
Confinity, X.com
Headquarters
2211 North First Street
San Jose, California
U.S.
Coordinates
37.3770°N 121.9226°W
Area served
Almost worldwide
Founder(s)
Ken Howery
Luke Nosek
Max Levchin
Peter Thiel
Yu Pan
Russel Simmons
Elon Musk (X.com founder)
Key people
John Donahoe (Chairman)
Dan Schulman (President and CEO)[1]
Industry
Financial services
Products
Credit cards, payment systems
Revenue
Increase US$15.451 billion (2018)[2]
Operating income
Increase US$2.194 billion (2018)[3]
Net income
Increase US$2.057 billion (2018)[3]
Total assets
Increase US$43.332 billion (2018)[3]
Total equity
Decrease US$15.386 billion (2018)[3]
Employees
c. 21,800 (December 2018)[4]
Parent
eBay (2002–2015)[5]
Divisions
PayPal Inc (PPI) [6]
PayPal Pte. Ltd (3PL) [6]
PayPal Payments Pte. Holdings (PPLUX) [6]
PayPal Payments Pte Limited (4PL)
Subsidiaries
Braintree
Paydiant
Venmo
PayPal Credit
Xoom Corporation
TIO Networks
card.io
iZettle
Tradera
Website
www.paypal.com
Alexa rank
Decrease 59 (August 2019)[7]
Advertising
No
Registration
Yes
Users
Increase 286 million (2019)
Launched
December 1998
Current status
Active
Native client(s) on
Android
iOS
Windows
Written in
C++,[8] JavaScript (as Node.js),[9] Python[10]
PayPal's corporate headquarters in San Jose, California
eBay, PayPal, Kijiji and StubHub in Toronto
Established in 1998 as Confinity,[11] PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.[12][13] eBay spun off PayPal in 2015.[14][6] The company ranked 222nd on the 2018 Fortune 500 of the largest United States corporations by revenue.[15]
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