PayPal provides online payment solutions to its users. It enables its users to transact money through their account balances, bank accounts, credit cards, or promotional financing without sharing financial information.
The company serves individuals who purchase through online stores across the globe and businesses worldwide. It has a strategic relationship with Facebook. PayPal was formerly known as X.com Corp. and changed its name to PayPal in March 2000.
PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 24 currencies around the world, PayPal facilitates global e-commerce by making payments possible across different locations, currencies, and languages.
The company was founded in 1998 and is based in San Jose, California. It has an additional office in Timonium, Maryland; a European headquarters in Luxembourg; and an international headquarters in Singapore. The company also has operation centers in Berlin; Chandler, Arizona; Dublin and Dundalk, Ireland; La Vista, Nebraska; Petaling Jaya, Malaysia; Sao Paulo, Brazil; and Shanghai, China. PayPal, Inc. has development centers in Scottsdale, Arizona; Austin, Texas; Chennai and Bangalore, India; Singapore; and Tel Aviv, Israel.
Founders: Ken Howery, Luke Nosek, Max Levchin, Peter Thiel