#ThursdayTool - PayPal
- 20somethingmedia
- Feb 18, 2021
- 1 min read
Updated: Jul 16
Tool profile: PayPal
Name: PayPal Holdings, Inc.
Category: Fulfillment
Industry: Financial Services
Synopsis:
PayPal Holdings, Inc. is an American company operating an online payments system in the majority of countries that support 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. It charges a fee in exchange for benefits such as one-click transactions and password memory.
Pricing: free
Product: Credit cards, payment systems
Geographies: Almost worldwide
Key metrics: 21 800 employees, 286 million active users, 36.9 transactions per year by average PayPal user
Date Launched: December 1998 (as Confinity); November 1999 (as X.com)
Key markets: United States, United Kingdom, Germany, Australia, Canada, Russia, Turkey, France, Italy, Spain, Poland, Sweden, Belgium, Norway, Denmark, Netherlands, Austria and Switzerland
Founders: Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan, Elon Musk
Ownership: eBay
Key competitors: Stripe, Square, Shopify Payments, Amazon Pay, Braintree, Intuit, Authorize.Net, WePay, 2CheckOut, ProPay, Click2Sell, Dwolla, Payoneer, Skrill, Klarna, Payza, Merchant, Payline
Website: www.paypal.com
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