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‘Buy Now, Pay Later’ Platforms Marching on Fashion Magazine Territory

samanthaconti

‘Buy Now, Pay Later’ Platforms Marching on Fashion Magazine Territory

PayPal Holdings, Inc.
TypePublic
IndustryFinancial services
PredecessorConfinity, X.com
FoundedDecember 1998; 22 years ago (1998-12) (as Confinity)
November 1999; 21 years ago (1999-11) (as X.com)
Founder
Headquarters2211 North First Street
San Jose, California, U.S. (corporate headquarters)
La Vista, Nebraska, U.S. (operative center)
Area served
Almost worldwide
Key people
ProductsCredit cards, payment systems
RevenueIncrease US$17.772 billion (2019)[2]
Increase US$2.719 billion (2019)[2]
Increase US$2.459 billion (2019)[2]
Total assetsIncrease US$51.333 billion (2019)[2]
Total equityIncrease US$16.929 billion (2019)[2]
Number of employees
c. 21,800 (Dec. 2018)[3]
ParenteBay (2002-2015)[4]
Divisions
  • PayPal Inc (PPI) [5]
  • PayPal Pte. Ltd (3PL) [5]
  • PayPal Payments Pte. Holdings (PPLUX) [5]
  • PayPal Payments Pte Limited (4PL)
Subsidiaries
Websitewww.paypal.com
eBay, PayPal, Kijiji and StubHub in Toronto

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.

Established in 1998 as Confinity,[6] PayPal had its initial public offering in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion.[7][8] In 2015, eBay spun off PayPal to eBay's shareholders.[5][9] The company ranked 204th on the 2019 Fortune 500 of the largest United States corporations by revenue.[10]

  1. ^ "PayPal Leadership". www.paypal.com. Retrieved April 7, 2019.
  2. ^ a b c d e "PayPal reports Fourth Quarter and Full Year 2019 Results", investor.paypal-corp.com, January 29, 2020.
  3. ^ "Archived copy". Archived from the original on July 4, 2019. Retrieved April 29, 2019.CS1 maint: archived copy as title (link)
  4. ^ "PayPal Goes Public Again". Forbes. Retrieved August 27, 2017.
  5. ^ a b c d "EX-10.5". www.sec.gov. Retrieved June 16, 2018.
  6. ^ Mac, Ryan (May 1, 2012). "Reid Hoffman And Peter Thiel In Conversation: Finding The Best Candidates For The Job". Forbes. Retrieved February 28, 2018.
  7. ^ Wolverton, Troy (October 3, 2002). "It's official: eBay weds PayPal". CNET News. Retrieved March 16, 2014.
  8. ^ Richtel, Matt (July 9, 2002). "EBay to Buy PayPal, a Rival in Online Payments". The New York Times. Retrieved November 23, 2014.
  9. ^ Seetharaman, Deepa; Mukherjee, Supantha (September 30, 2014). "EBay follows Icahn's advice, plans PayPal spinoff in 2015". Reuters. Retrieved November 23, 2014.
  10. ^ "Fortune 500 Companies 2018". fortune.com. Retrieved March 18, 2019.