PayPal Holdings, Inc.
PayPal Holdings, Inc. is an American multinational financial technology company that operates an online payment system widely used for money transfers in many countries. Serving as an electronic alternative to traditional payment methods such as checks and money orders, PayPal processes payments for online vendors, auction sites, and various other commercial users, charging fees for its services.
Originally founded in 1998 as Confinity, PayPal went public in 2002 with an IPO. Later that year, it became a wholly owned subsidiary of eBay, valued at $1.5 billion. In 2015, eBay spun off PayPal to its shareholders, allowing PayPal to become an independent company once again. As of 2022, PayPal ranked 143rd on the Fortune 500 list of the largest U.S. corporations by revenue.
Contact Info
- spoof@paypal.com
- www.paypal.com
- San Jose, California, United States
