Spring 2024, Fall 2024
Software Engineer Intern
Canada
Posted on 3/9/2024
PayPal
10,001+ employees
Digital payments platform for online transactions
Compensation Overview
$51.7k - $98.6k/yr
Vancouver, BC, Canada
The internship program requires candidates to reside in Canada during the summer internship program and must be able to obtain authorization to work in Canada for the summer. There is no travel percentage specified for this role.
The internship program requires candidates to reside in Canada during the summer internship program and must be able to obtain authorization to work in Canada for the summer. There is no travel percentage specified for this role.
The internship program requires candidates to reside in Canada during the summer internship program and must be able to obtain authorization to work in Canada for the summer. There is no travel percentage specified for this role.
Bachelor's, Master's
 Software Engineering |
|---|
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- Bachelor’s or Master’s degree in Computer Science or related field
- Strong applied experience in building and testing software applications
- Working knowledge of web technologies (HTTP, HTML/DOM, JavaScript, CSS, AJAX)
- Familiarity with Node.js, Java, C++, Python
- Understanding of Web Services, SOA, REST APIs
- Code high-volume and scalable software (front-end and/or back-end focused)
- Partner closely with cross functional teams in design, product and other business units
- Constant desire to grow, learn, and explore new things
PayPal operates a global digital payments platform serving individuals, SMBs, and large enterprises. It enables online, mobile, and peer-to-peer payments, and also supports cryptocurrency trading and financing options like Pay in 4. Revenue mainly comes from transaction fees, currency conversion fees, and service fees for credit and installment products. The platform combines consumer wallet features with merchant tools for accepting payments, fraud protection, and global processing, aiming to make online payments secure, convenient, and widely accessible worldwide.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
1998
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Simplify's Take
What believers are saying
- Q2 2026 revenue reached $8.7 billion, up 5%, with TPV rising 10%.
- PayPal raised 2026 non-GAAP EPS guidance to $5.38 and preserved a $0.14 dividend.
- New integrations with Nelnet and DEUNA expand PayPal and Venmo into tuition and enterprise checkout.
What critics are saying
- Enrique Lores' 20% workforce cuts signal a painful turnaround that runs through 2028.
- PayPal's branded checkout growth stayed about 2%, lagging faster-moving rivals like Stripe and Block.
- Consumer antitrust scrutiny over anti-steering rules continues abroad, threatening merchant fee economics.
What makes PayPal unique
- PayPal operates in 200 markets with 439 million active accounts and Venmo's 100 million users.
- Its single-API enterprise partnerships with DEUNA and Nelnet reduce checkout friction for merchants.
- The 2026 three-unit restructuring concentrates Checkout, Venmo, and Crypto around core payments.
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Benefits
A Stanford Navigator helps employees research providers and health conditions, and make informed decisions about health care
Advance Medical is available for all employees who are looking for a world-class specialist to provide an expert medical opinion for treatment plans
Stock Purchase Plans
Retirement Savings and Pension Plans
Stock Awards
Life Insurance and Disability Benefits
Paid Time Off
Four Weeks Paid Sabbatical for every Five Years of Service
Educational and Professional Development benefits
Matching Gifts & Volunteerism Opportunities
Matching Gifts
Skills-Based Volunteering
Green Teams
GIVE Teams
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -1%2 year growth
↓ -1%PayPal shares plunged 15% after Stripe and Advent International withdrew from a proposed $50 billion acquisition. Bloomberg first reported Stripe's interest in February, and negotiations continued through August when PayPal deemed the initial bid insufficient. The deal's collapse eliminated the takeover premium that had driven PayPal's stock up over 40% this quarter. Meanwhile, Affirm surged 13% as investors reassessed the competitive landscape following the deal's abandonment. Klarna rose 5% whilst the Financial Select Sector SPDR ETF remained flat, indicating these are company-specific moves rather than sector-wide shifts. PayPal's market capitalisation now sits at roughly $52.59 billion, close to the withdrawn offer price. The company's underlying business remains solid, with second-quarter results showing non-GAAP earnings per share of $1.38 versus $1.28 expected and total payment volume of $486.45 billion, up 10%.
Fireblocks Flow enables seamless stablecoin payments for PSPs. August 28, 2026 Blockchain News general Positive Fireblocks has launched Fireblocks Flow, a purpose-built stablecoin payments solution designed to enable payment service providers, fintechs, and digital platforms to accept and process stablecoin transactions without overhauling existing checkout infrastructure. The product targets a critical pain point in crypto payment adoption - the costly and time-consuming need to rebuild payment rails from scratch - by offering seamless integration that sits on top of current systems. Fireblocks Flow stablecoin payments, stablecoin PSP integration, enterprise crypto payments infrastructure, and stablecoin checkout solutions are the keyword phrases driving search interest among fintech decision-makers and crypto payment operators evaluating this launch. The announcement arrives at a pivotal moment for stablecoin adoption, with global stablecoin transaction volumes surpassing traditional payment networks on several metrics in 2024 and regulatory frameworks such as the U.S. Genius Act and the EU's MiCA providing clearer legal ground for institutional stablecoin use. Fireblocks, which already secures and moves hundreds of billions of dollars in digital assets annually for over 1,800 institutional clients, is positioning Flow as the enterprise-grade bridge between traditional payment infrastructure and the stablecoin economy. By removing the technical barriers to stablecoin acceptance, Fireblocks is directly competing in a fast-growing space that includes players like Stripe, PayPal, and Checkout.com, all of which have made aggressive stablecoin payment moves recently. Watch for adoption announcements from major PSPs and potential expansion of Flow's supported stablecoin assets, including USDC, USDT, and emerging fiat-backed tokens, in the months ahead. Fireblocks Flow streamlines stablecoin payments for PSPs, fintechs, and platforms, eliminating the need for rebuilding checkout systems.
Stripe and Advent International have withdrawn their bid to acquire PayPal Holdings, which had exceeded $50 billion. Reuters previously reported the offer stood at $60.50 per share, valuing PayPal at over $53 billion, but the board deemed it too low. PayPal shares dropped as much as 16% in premarket trading following the announcement. The consortium, which originally included Block before its departure, first approached PayPal in April. A future bid remains possible if circumstances change. PayPal's market capitalisation currently stands at approximately $52.6 billion, up more than 40% this quarter following stronger-than-expected second-quarter results. The company is undergoing restructuring under CEO Enrique Lores, including workforce cuts of roughly 20%.
US stock futures were mixed on Friday as investors awaited Federal Reserve Chair Kevin Warsh's speech at Jackson Hole at 10:00 ET. Nasdaq futures fell 0.3%, S&P 500 futures were flat with a negative bias, whilst Dow and Russell 2000 futures rose 0.1%. PayPal shares dropped over 14% in premarket trading after reports emerged that a consortium comprising Advent International and Stripe abandoned takeover talks over valuation disagreements. Marvell Technology shares fell 8% despite raising its multi-year revenue outlook, as investors focused on quarterly gross margin compression. Affirm Holdings rose 12% on strong quarterly earnings and raised forward guidance. Nvidia shares faced pressure after Thursday's rally added approximately $453 billion in market capitalisation.
Dai-ichi Life Insurance has acquired 25,382 shares in PayPal Holdings, valued at approximately $1 million, according to a recent SEC filing. The purchase reflects growing institutional interest in the payments company. The Vanguard Group increased its PayPal stake by 6.5% in the fourth quarter, whilst Rule One Partners and Mitsubishi UFJ Asset Management also acquired new positions. Institutional investors now hold about 68% of PayPal's shares. PayPal's stock trades at $61.68 with a market capitalisation exceeding $52 billion. The company reported quarterly revenues of $8.68 billion, up 4.8% year-on-year, with earnings per share of $1.38 surpassing analyst expectations. PayPal announced a quarterly dividend of $0.14 per share, yielding 0.9% annually. Analysts forecast earnings per share could reach $5.38 this year.