Websites using PayPal

✨ Facts about PayPal

1. PayPal was founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek as Confinity, a security software company for handheld devices. It shifted to digital payments in 1999, and in 2000, it was renamed PayPal after its primary product.

2. It operates as a global online payment system, supporting more than 100 currencies with over 377 million active accounts, making digital payments, transfers, and e-commerce transactions convenient for consumers and merchants worldwide.

3. In 2002, PayPal became a publicly traded company and was acquired by eBay for $1.5 billion. It operated as a subsidiary of eBay for more than a decade before being spun off as an independent company in 2015.

4. PayPal has made numerous strategic acquisitions to expand its services and market presence. Some of the most notable acquisitions include Venmo (mobile payment service), Braintree (payment processing platform), Xoom (international money transfer service), and Honey (e-commerce and online deals platform).

5. PayPal is committed to financial inclusion and social impact through initiatives like PayPal Working Capital, which provides small business loans to underserved communities, and PayPal Giving Fund, a charitable platform that supports nonprofits and facilitates donations from customers.