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PayPal

American multinational financial technology company / From Wikipedia, the free encyclopedia

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, and 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.

Quick facts: Type, Traded as, Industry, Predecessors, Foun...
PayPal Holdings, Inc.
TypePublic
IndustryFinancial technology
Predecessors
FoundedDecember 1998; 23 years ago (1998-12) (as Confinity)
October 1999; 22 years ago (1999-10) (as X.com)
March 2000; 22 years ago (2000-03) (as PayPal)
Founders
HeadquartersSan Jose, California, U.S. (corporate headquarters)
La Vista, Nebraska, U.S. (operative center)
Area served
Almost worldwide
Key people
ProductsCredit cards, payment systems
Revenue US$25.37 billion (2021)[3]
US$4.26 billion (2021)[3]
US$4.17 billion (2021)[3]
Total assets US$75.80 billion (2021)[3]
Total equity US$21.73 billion (2021)[3]
Number of employees
c.30,900 (2021)[3]
Divisions
  • PayPal Inc (PPI)[4]
  • PayPal Pte. Ltd (3PL)[4]
  • PayPal Payments Pte. Holdings (PPLUX)[4]
  • PayPal Payments Pte Limited (4PL)
Subsidiaries
Websitewww.paypal.com
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eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014

Established in 1998 as Confinity,[5] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion.[6] In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again.[4][7] The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue.[8]