PayPal

at 2211 N 1st St, San Jose , 95131 United States

1. Financial Services

Description

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.Established in 1998, PayPal had its IPO in 2002, and became a wholly owned subsidiary of eBay later that year.In 2014, PayPal moved $228 billion in 26 currencies across more than 190 nations, generating a total revenue of $7.9 billion (44% of eBay’s total profits). The same year, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015. On July 20, 2015, PayPal had its second IPO that valued the company at $46.6 billion.HistoryEarly historyPayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery. PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures.In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000. In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service. The X.com company was then renamed PayPal in 2001, and expanded rapidly throughout the year until company executives decided to take PayPal public in 2002. Paypal's IPO listed under the ticker PYPL at $13 per share and ended up generating over $61 million.

Company Rating

962 FB users likes PayPal, set it to 16 position in Likes Rating for San Jose, California in Company category

Summary

PayPal is San Jose based place and this enity listed in Financial Services category. Located at 2211 N 1st St CA 95131. Contact phone number of PayPal: (408) 967-7400