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1 year, 6 months ago via paypalquestions.com

Who started PayPal?

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mrcal | 1 year, 6 months ago
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Online e-commerce company PayPal was founded by Peter Thiel and Max Levchin in 1999. The company was initially called Confinity and was intended to provide a sort of borderless currency. PayPal initially offered users $10 to sign up and quickly took a position as the leader in the online payment space. They offer a means to transfer funds electronically and now have over 100 million accounts worldwide.

PayPal gained significant success by being part of eBay transactions. In fact, it was so successful that eBay scrapped their own Billpoint system and bought out PayPal in 2002.

PayPal has continued to expand its offering to include multiple account types, credit cards, etc. In fact, in many ways it now operates like a bank though it does not offer the protection (e.g., FDIC protection) that a bank would provide. Still, it is the leader in online money transfer across the globe.
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nantran | 1 year, 5 months ago
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Paypal's founders are Peter Thiel, Luke Nosek, Elon Musk, Max Levchin and Ken Howery. It was founded in in Palo Alto, California in 1998. Their website address is: www.paypal.com. Paypal is one of Ebay's subsidiaries and is categorized in e-commerce. Currently, Paypal's headquarters are located in San Jose, Ca. Their current president is Scott Thompson. In 2009, Paypal generated $2.23 billion. Paypal is based on the safe transfer of money between buyers and sellers. Paypal can be funded by credit cards, debit cards and bank accounts. These electronic payment have made it easier for consumers to get their products more quickly and merchants to receive their payments faster. There is not a fee for consumers to pay invoices. But, when merchants receive payments there are fees.
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