An American multinational financial technology company that operates an online payments system supporting online money transfers in many countries.
Origins
PayPal was formed in March 2000 by the merger of Confinity, founded in 1998 by Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery, with Elon Musk’s X.com. The merged company focused on online payments and later took the PayPal name.
Products
PayPal offers consumer payment accounts, checkout integration for online merchants, Venmo peer-to-peer payments, Braintree payment processing for businesses, Xoom international remittances, and Honey browser shopping tools.
Operations
Headquartered in San Jose, California. eBay acquired PayPal in 2002 and spun it off as an independent public company in 2015.
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