PayPal is an American technology company that operates a digital payments platform primarily used for online and mobile commerce. It was founded in 1999 and is headquartered in San Jose, California. PayPal offers an easy-to-use platform for online payment transfer services and is used by many businesses and individuals as an additional payment method.
PayPal services are offered directly and through their subsidiaries around the world. It allows consumers to securely pay for goods and services by simply entering their email address and password. PayPal also offers payment services for customers at checkout online and during mobile transactions. PayPal also offers services for sending money to friends and family members.
PayPal has also become popular with online gaming and gambling websites, allowing users to easily transfer funds for deposits and withdrawals. It is also often used for digital currency exchange and storage, particularly for Bitcoin. In 2018, PayPal introduced the PayPal Transaction Defense system, which helps protect merchant accounts from unauthorised purchases.
PayPal has established itself as a leading global financial services provider with over 200 million account holders. It provides services to businesses in over 200 countries and has over 17 million merchant accounts. PayPal processes over 9 million payments every day, and is an essential tool in many businesses.
