American multinational financial technology company
"Pay Pal" redirects here. For The Simpsons episode, see Pay Pal (The Simpsons).
PayPal Holdings, Inc.
Headquarters in San Jose, California, U.S.
Company type
Public
Traded as
Nasdaq: PYPL
Nasdaq-100 component
S&P 100 component
S&P 500 component
Industry
Financial technology
Predecessors
Confinity
X.com
Founded
December 1998; 25 years ago (1998-12) (as Confinity)
October 1999; 24 years ago (1999-10) (as X.com)
March 2000; 24 years ago (2000-03) (as PayPal)
Founders
Ken Howery
Max Levchin
Luke Nosek
Yu Pan
Peter Thiel
Elon Musk
Harris Fricker
Christopher Payne
Ed Ho
Headquarters
San Jose, California, U.S.
Area served
Almost worldwide
Key people
John Donahoe (Chairman)
Alex Chriss (President and CEO)[1]
Products
Credit cards, payment systems
Revenue
US$29.77 billion (2023)
Operating income
US$5.028 billion (2023)
Net income
US$4.246 billion (2023)
Total assets
US$82.17 billion (2023)
Total equity
US$21.05 billion (2023)
Number of employees
27,200 (2023)
Divisions
PayPal Inc. (PPI)[2]
PayPal Pte. Ltd (3PL)[2]
PayPal Payments Pte. Holdings (PPLUX)[2]
PayPal Payments Pte Limited (4PL)
Subsidiaries
Braintree
PayPal Honey
Paydiant
PayPal Credit
Tradera
Venmo
Xoom Corporation
Zettle
Website
paypal.com
Footnotes / references [3]
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as 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.
Established in 1998 as Confinity,[4] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion.[5] In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again.[2][6]
The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue.[7] Since 2023 PayPal is a member of the MACH Alliance.[8]
^"PayPal Leadership". Retrieved September 27, 2023.
^ abcd"EX-10.5". www.sec.gov. Archived from the original on April 16, 2020. Retrieved June 16, 2018.
^"PayPal Holdings, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 8, 2024. Retrieved February 11, 2024.
^Mac, Ryan (May 1, 2012). "Reid Hoffman And Peter Thiel In Conversation: Finding The Best Candidates For The Job". Forbes. Archived from the original on March 1, 2018. Retrieved February 28, 2018.
^Richtel, Matt (July 9, 2002). "EBay to Buy PayPal, a Rival in Online Payments". The New York Times. Archived from the original on December 28, 2014. Retrieved November 23, 2014.
^Seetharaman, Deepa; Mukherjee, Supantha (September 30, 2014). "EBay follows Icahn's advice, plans PayPal spinoff in 2015". Reuters. Archived from the original on November 20, 2021. Retrieved April 16, 2021.
^"Fortune 500 Companies 2021". fortune.com. Archived from the original on March 10, 2022. Retrieved June 23, 2022.
^PayPal (June 29, 2023). "MACH Alliance Announces PayPal is the First Company to Join New Supporter Membership Category". PayPal. Retrieved January 9, 2024.
against PayPal, stating that "the User Agreement and arbitration clause are substantively unconscionable under California law." Paypal agreed to pay $9.25...
Jackson 2006, p. 189. "PAYPAL INC (PYPL) IPO". NASDAQ. Retrieved August 8, 2014. Ostrom, Mary Anne (July 9, 2002). "EBay to buy PayPal for $1.5 billion"....
Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley. Simon & Schuster. ISBN 978-1501197260. "The PayPal Mafia". Fortune. November...
was motivated by PayPal's newly acquired ability to compete against Amazon. In June 2022, the company was renamed PayPal Honey. PayPal Honey has become...
account) at PayPal's official website. Once the PayPal Credit account is linked to PayPal, it becomes a funding option within the PayPal account and gives...
Earthquakes Introduce PayPal Park". newsroom.paypal-corp.com. April 5, 2021. Retrieved April 5, 2021. "San Jose Earthquakes introduce PayPal Park as part of...
during the period of eBay's ownership of PayPal, eBay required sellers to accept and buyers to pay with PayPal in many instances. This resulted in scrutiny...
service and was renamed PayPal in 2001. In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—PayPal's largest shareholder with...
entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor...
"Who Killed PayPal?". Reason.com. Archived from the original on 2008-07-24. Retrieved 2013-08-27. Henderson, David R. (2005-03-14). "The Paypal Wars". TCS...
disrupt access to the PayPal payment service. The attempted four-day disruption of PayPal's operations was allegedly in response to PayPal's refusal to process...
non-PayPal computers, non-PayPal e-mail account, and an account on the remote computing service called 'Dropbox'." Google ran a competitor to PayPal, Google...
2017. In June 2016 Seafile GmbH had its payment services from PayPal removed. PayPal had accused Seafile of facilitating the illegal sharing of files...
2022-05-20. PAYPAL (2022) "PayPal Users Can Now Transfer, Send, and Receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin", June 21. https://newsroom.paypal-corp...
acquired Venmo in 2012 for $26.2 million; the combined entity was acquired by PayPal for $800 million in 2013. Johnson has received media attention for his anti-aging...
worked in eBay's PayPal division—one of his tasks involved designing the original PayPal logo—before co-founding YouTube with fellow PayPal colleagues Steve...
com. "Toward a Click-and-Pay Standard". wired.com. 11 March 1999. "Get Paid Small Amounts Online with Micropayments". www.paypal.com. Retrieved 12 July...
Safe For Work" categories on Patreon could accept payments through PayPal via PayPal's subsidiary Braintree. In October 2017, Patreon reverted its stance...
Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills. Account...
Its largest market competitor is PayPal, which owns Venmo. Other major competitors include Apple Pay, Google Pay, and Zelle. Cash App is free to download...
during the period of eBay's ownership of PayPal, eBay required sellers to accept and buyers to pay with PayPal in many instances. This resulted in scrutiny...
million times as of March 4, 2024[update]. During Karim's time working at PayPal, where he met fellow YouTube co-founders Steven Chen and Chad Hurley, he...
the phone, and asked to have PayPal donate all of the money to the American Red Cross. However, he was told that PayPal would only give the money to United...
example PayPal, always address their customers by their username in emails, so if an email addresses the recipient in a generic fashion ("Dear PayPal customer")...
its signup page with a CAPTCHA and prepared to file a patent. In 2001, PayPal used such tests as part of a fraud prevention strategy in which they asked...
1998, he co-founded the company that eventually became PayPal. Levchin made contributions to PayPal's anti-fraud efforts and was the co-creator of the Gausebeck-Levchin...
play in 2008. Since 2015, the Earthquakes have played their home games at PayPal Park (named Avaya Stadium from 2015 to 2019 and Earthquakes Stadium in 2020)...
Global Information
US$29.77 billion (2023)