PayPal runs a digital wallet and checkout button that let people pay online stores and send money to friends and family, and merchants of every size add it to their websites and apps. Its peer-to-peer app Venmo became one of the most common ways for Americans to split bills and pay each other back. Shoppers link a bank account, card or balance once and then pay without retyping details, while PayPal charges merchants a fee on each sale and also earns from currency conversion, consumer loans and interest on customer balances. The company was founded in 1998, was owned by eBay from 2002 until a 2015 spin-off, and is based in San Jose, California.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
1998
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