Emergence of PayPal & Its Functions

PayPal is a digital payment platform that enables users to securely transfer money online. It was founded in December 1998 as Confinity and later merged with X.com, an online banking company.

PayPal operates as a subsidiary of eBay Inc. from 2002 to 2015 and became a publicly traded company in 2015.

PayPal allows users to make payments, receive payments, and transfer money to bank accounts and credit cards. PayPal has over 346 million active accounts in more than 200 markets and 26 currencies.

PayPal has a buyer protection policy which covers eligible purchases in case of fraud or unauthorized transactions.

The platform also offers a merchant services program which enables businesses to accept payments online, in-store, or on-the-go.

PayPal integrates with popular e-commerce platforms such as Shopify, Magento, and WooCommerce to make online payment processing easier.

PayPal has a user-friendly mobile app for Android and iOS devices that allows users to manage their accounts, send and receive payments, and more.

PayPal is widely accepted by online merchants, marketplaces, and peer-to-peer payment services and is considered a secure and convenient way to manage online transactions.