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- Became a subsidiary of eBay in 2002
- Founded: Palo Alto, California USA
- NASDAQ symbol: PYPL
- Founded by Elon Musk, Max Levchin, Peter Thiel and Luke Nosek
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PayPal is an E-Commerce business that allows payments and Money Transfers to be made via the Internet. Its main function is payment processing for online vendors, auction sites such as eBay and other corporate users. Its corporate headquarters are in San Jose, California, United States and it maintains significant operations in Omaha, Nebraska; Scottsdale, Arizona; Austin, Texas; Dublin, Ireland, India and Berlin, Germany.
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History
PayPal is the result of a March 2000 merger between two online financial services companies, Confinity and X.com. X.com was founded by Elon Musk in 1999. Confinity was founded in 1998 by Max Levchin, Peter Thiel, and Luke Nosek. To block potentially fraudulent access by automated systems, PayPal devised CAPTCHA a system of forcing the user enter numbers from a blurry picture. In October 2002, PayPal was acquired by [[eBay[[ for $1.5 billion. -
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PayPal Questions
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How long does it take for PayPal to resolve a claim? 1 AnswerIn my case I think it was roughly 14 days. read more -
If funds are requested from you through PayPal, and you don't receive the goods/services, does PayPal cover/refund you?not necessarily; if the seller is able to prove to paypal by way of a shipping receipt that confirms delivery than you are up the creek, so to speak. if you lod... read more -
With PayPal, if I plan on selling sell several items on internet, will a personal account work? 3 AnswersA personal account will work fine if you are selling a few items occasionally, for example on ebay. If you plan on regularly earning a substantial amount of mon... read more -
I have a guy that wants to buy a car from me and wants to use PayPal to pay me. This makes me unsure if the buyer is legitimate. Worry? 5 AnswersI've bought lots of pricey items using paypal. They may want to do it this way so that they can use a credit card for the purchase if they don't have the full c... read more
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