is an American multilingual company operating an online payment network all over the world. The company is based in San Jose, California, United States. The company’s system is acting as the best alternative to the traditional paper kinds, such as money orders and checks. The revenue generated by the company is US$ 10.84 million that makes them one of the largest internet payment companies in the world. According to the latest reports, the company has more than 210 million active accounts in 202 markets around the globe. The customers are allowed to send, receive, and hold money in more than 20 global currencies through PayPal.
The company was started by Peter Thiel, Luke Nosek, Ken Howery, and Max Levchin in December 1998 as Confinity whereas it merges with X.com in March 2000. However, they changed their name to PayPal in 2001. It was acquired by eBay in July 2002. On 18 July 2015, eBay spins off it into a separate entity.
Since 2008, PayPal has acquired lots of companies that include Swift Financial, Modest Inc, Paydiant, IronPearl, card.io, Where.com, Boll Me Later, Fraud Sciences, Venmo, Paydiant, Xoom Corporation, and Brainteee.
Along with their corporate headquarters, the company also owned an operations center in Omaha, Nebraska that was opened way back in 1999. On the other hand, they have set up their European head office in Luxembourg whereas the international headquarters of PayPal is located in Singapore. Also, they operate a technology center and a software development center in Scottsdale, Chennai,and Chennai, Tamil Nadu respectively. The company also owns numerous customer centers in the cities, like Shanghai, Dublin, Kuala Lumpur, Berlin, Omaha, and Chandler.