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PayPal homepage
Dotcom Company
TypeSubsidiary of eBay Inc.
FoundedPalo Alto, California USA (1998)
FounderKen Howery
Max Levchin
Elon Musk
Luke Nosek
Peter Thiel
LocationSan Jose, California USA
Area servedWorldwide
Key peopleScott Thompson, President
OwnereBay Inc.
Available inMultilingual
Current statusActive

     Home | Dotcom Company | PayPal

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to traditional paper methods such as checks and money orders.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account.

PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. The fees depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type. In addition, eBay purchases made by credit card through PayPal may incur extra fees if the buyer and seller use different currencies.

On October 3, 2002, PayPal became a wholly-owned subsidiary of eBay. Its corporate headquarters are in San Jose, California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Scottsdale, Arizona; and Austin, Texas in the U.S., Chennai, Dublin, Berlin and Tel-Aviv. As of July 2007, across Europe, PayPal also operates as a Luxembourg-based bank.

On March 17, 2010, PayPal entered into an agreement with China UnionPay (CUP), China's bankcard association, to allow Chinese consumers to use PayPal to shop online. PayPal is planning to expand its workforce in Asia to 2,000 by the end of the year 2010.

On December 4, 2010, PayPal decided to freeze the account of WikiLeaks citing terms of use violations over the publication of leaked US diplomatic cables, inviting allegations that PayPal did so in response to US government pressure. In retaliation, a hacker group called Anonymous launched Denial of Service attacks against the main PayPal site.

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AT&T, Verizon Square Off on Mobile Pay - Tweet this news to make your phone more like a wallet has long been the ambition of banks, credit card companies and Internet payment shops like eBay's(EBAY) -PayPal-. ... - Date : Tue, 05 Oct 2010 13:27:24 GMT+00:00
Sponsor post: Define the Future of Money at PayPal X Innovate - OStatic (blog) Tweet this news
OStatic (blog)--by Guest Editor - Oct. 05, 2010Comments (0) The only developer conference dedicated to payments –- -PayPal- X Innovate 2010 –- will take place Oct. 26-27 ... - Date : Tue, 05 Oct 2010 16:26:30 GMT+00:00
PayPal: Deposit and Pay Check Using iPhone's Camera - ADI News Tweet this news
ADI News--According to TechCrunch report, Apple has launched a new app update or iPhone that will allow -PayPal- users to check their deposits through their handset. ... - Date : Tue, 05 Oct 2010 11:09:37 GMT+00:00
Christine O'Donnell ad: I am not a witch, I'm you and she takes PayPal (videos) - Tweet this news Republican candidate for the Senate from Delaware also accepts -PayPal- donations, as there is a large -PayPal- button on her campaign website. ... - Date : Tue, 05 Oct 2010 01:03:25 GMT+00:00
eBay Rolls out Bill Me Later on View Item Page - Auctionbytes Tweet this news
Auctionbytes--eBay acquired Bill Me Later in 2008 - it offers transaction-based credit to online shoppers at the time of checkout, allowing qualified eBay and -PayPal- ... - Date : Tue, 05 Oct 2010 14:23:01 GMT+00:00 Puts Business Owners in Control of Their Cash While Taking Care ... - MarketWatch (press release) Tweet this news
MarketWatch (press release)---...- all US bank and credit card accounts, plus the top online business resources including -PayPal-, eBay (NASDAQ:EBAY) , FreshBooks, Harvest and Shoeboxed. ... - Date : Tue, 05 Oct 2010 13:07:15 GMT+00:00 Adds PayPal® as A Payment Option - Newswire Today (press release) Tweet this news
Newswire Today (press release)---...- a search mechanism available on the internet for everyone to search for unclaimed property, is pleased to announce that Found Money now accepts -PayPal-. ... - Date : Mon, 04 Oct 2010 21:24:49 GMT+00:00
Instapaper subscriptions enter beta - Downloadsquad Tweet this news
Downloadsquad--Costing $1 a month and available in a three month package for $3 -- thanks to -PayPal's- fee structure making smaller sums uneconomical -- what do you get on ... - Date : Tue, 05 Oct 2010 14:07:34 GMT+00:00
Advertisers start to use PayPal to pay for Facebook ads - VentureBeat Tweet this news
VentureBeat--Facebook's recent partnership with -PayPal- is starting to take shape now that advertisers can use the online payments service to buy ads on the social ... - Date : Fri, 25 Jun 2010 21:59:37 GMT+00:00
The earth moved and all I got was this lousy button - Globe and Mail Tweet this news
Globe and Mail--This one required -PayPal- From Monday's Globe and Mail Published on Sunday, Jun. 27, 2010 12:00AM EDT Last updated on Sunday, Jun. 27, 2010 10:44PM EDT At 2, ... - Date : Mon, 28 Jun 2010 02:45:29 GMT+00:00

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