Emergence of PayPal and Its Functions

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.

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

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

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

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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.

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