PayPal

PayPal Holdings Inc.
PayPal.svg
Type of businessPublic
Type of site
Financial
Available inMultilingual
Traded as
  • NASDAQ: PYPL
  • NASDAQ-100 Component
  • S&P 100 Component
  • S&P 500 Component
FoundedDecember 1998; 20 years ago (as Confinity)
November 1999; 19 years ago (as X.com)
Predecessor(s)Confinity, X.com
Headquarters2211 North First Street
San Jose, California
U.S.
Coordinates37.3770°N 121.9226°WCoordinates: 37.3770°N 121.9226°W
Area servedAlmost worldwide
Founder(s)
  • Ken Howery
  • Luke Nosek
  • Max Levchin
  • Peter Thiel
  • Yu Pan
  • Russel Simmons
  • Elon Musk (X.com founder)
Key people
  • John Donahoe (Chairman)
  • Dan Schulman (President and CEO)[1]
IndustryFinancial services
ProductsCredit cards, payment systems
RevenueIncrease US$15.451 billion (2018)
Operating incomeIncrease US$2.194 billion (2018)
Net incomeIncrease US$2.057 billion (2018)
Total assetsIncrease US$43.332 billion (2018)
Total equityDecrease US$15.386 billion (2018)
Employeesc. 21,800 (December 2018)
ParenteBay (2002–2015)
Divisions
  • PayPal, Inc (PPI) 
  • PayPal Pte. Ltd (3PL) 
  • PayPal Payments Pte. Holdings (PPLUX) 
  • PayPal Payments Pte Limited (4PL)
SubsidiariesBraintree
Paydiant
Venmo
PayPal Credit
Xoom Corporation
TIO Networks
card.io
iZettle
Tradera

Alexa rankDecrease 55 (July 2019)[7]
AdvertisingNo
RegistrationYes
UsersIncrease 286 million (2019)
LaunchedDecember 1998
Current statusActive
Native client(s) onAndroid
iOS
Windows
Written inC++, JavaScript (as Node.js), Python

PayPal's corporate headquarters in San Jose, California

eBay, PayPal, Kijiji and StubHub in Toronto
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. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal's payment system, also called PayPal, is considered a type of payment rail.
Established in 1998 as Confinity,[11] PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015. The company ranked 222nd on the 2018 Fortune 500 of the largest United States corporations by revenue.

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