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Acquired byeBay
Price$1.5B
Date7/02
TermsStock

General Information

Websitepaypal.com
Twitter@paypal
CategoryeCommerce
Phone402-352-2050
Employees
Founded12/98
DescriptionInternet payment service

Offices

San Jose, USA
2145 E Hamilton Ave
San Jose, CA, 95125
USA

People

VP, Product Development
VP of Finance
VP of Legal, General Counsel
Director
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Former People

Senior VP, Worldwide Operations
VP of Human Resources and Administratio
Senior Vice President of Product, Sales, Marketing & Technology
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Investments

BillFloat 7/10
BillFloat 2/10
mFoundry 10/07

Funding

Total$94M
Series A, 1/99
Peter Thiel
Scott Banister
Kevin Hartz
Series B, 7/99
BlueRun Ventures
$4M
Series D, 2/01
$90M

Competitors

Tags

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards.

PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

PayPal created the Gausebeck-Levchin test, which is that blurry box of letters and numbers you have to fill out before completing most online transactions. They created it in the early days to help prevent unauthorized access by automated systems.

When eBay acquired PayPal in October 2002, eBay already had an online payment system of choice called Billpoint. Billpoint was quickly phased out due to PayPal’s popularity, branding and technology.

PayPal’s main competitor is Google Checkout. PayPal Mobile competitors include obopay, TextPayMe and KushCash.

Milestones

Videos

Screenshots

PayPal screenshot
Above: PayPal
Uploaded: 12/24/09

Products

PayPal Mobile

Get an invitation to this site from InviteShare here!
Websitehttps://www.paypal.com/cgi-bin/w...
Bloghttps://www.syntecworld.jenwaygm...
StageLive
Launch DateJuly 10, 2009
Tags money-management

PayPal Mobile is a product that allows you to send PayPal payments using your mobile. You can send payments by either texting the dollar amount and recipient’s phone number to PayPal or by using PayPal’s mobile browser.

There are no additional fees for using PayPal Mobile outside of the normal money receiving fees that apply to Business and Premium accounts. Also, your mobile carrier’s text message charges will apply.

It’s a great answer to when you and all your friends showing up to a restaurant wielding only credit cards, no cash. MobileCrunch had the launch scoop here.

PayPal screenshot
Above: PayPal Mobile Screenshot -- #1
Uploaded: 2/5/08

Traffic Analytics

Quantcast

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Compete

Paypal

Sources

  1. eBay picks up PayPal for $1.5 billion (news.cnet.com) [edit]
  2. PayPal-Backed BillFloat Launches, Secures $4.5 Million Series A Round (Exclusive) (techcrunch.com) [edit]
  3. PayPal, Venrock Incubate BillFloat To Develop Innovative Payment Services (techcrunch.com) [edit]
  4. MFoundry, mobile financial services company, raises $15M more. (venturebeat.com) [edit]
  5. Citation Needed [add]
  6. Wired (wired.com) [edit]
  7. news.com.com [edit]
  8. eBay Q2 Revenue Hits $2.2 Billion, PayPal Adding One Million New Accounts Each Month (jigruyphrjxx.com) [edit]
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Last Edited 8/30/10

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