Table of Contents
Fast Facts
Media
History & Society
PayPal
American company
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Category:
History & Society
- Date:
- 2000 - present
- Areas Of Involvement:
- e-commerce
- Related People:
- Elon Musk Peter Thiel
PayPal, American e-commerce company formed in March 2000 that specializes in Internet money transfers. It was heavily used by the Internet auction company eBay, which owned PayPal from 2002 to 2015. Paypal was the product of a merger between X.com and Confinity, and it allowed users to make payments on purchased goods or exchange money between accounts in a secure online transaction. After watching PayPal become the premier choice of Internet auction shoppers, online marketplace giant eBay acquired PayPal for $1.5 billion in October 2002. The company offers users the ability to link their PayPal accounts to their own bank ...(100 of 248 words)