PayPal allows any business or consumer with an email address to
securely, conveniently and cost-effectively send and receive payments online.
Our network builds on the existing financial infrastructure of bank accounts and
credit cards to create a global, real-time payment solution. We deliver a
product ideally suited for small businesses, online merchants, individuals and
others currently underserved by traditional payment mechanisms.
The size of our network and widening acceptance of our product have helped us
become one of the leading payment networks for online auction websites,
including eBay. PayPal is also being increasingly used at other e-commerce sites
for the sale of goods such as electronics and household items, the sale of
services such as web design and travel, and the sale of digital content. Offline
businesses, including lawyers, contractors and physicians, have increasingly
begun to receive payments online through PayPal. PayPal's service, which lets
users send payments for free, can be used from PCs or web-enabled mobile phones.
PayPal Inc. (which is a parent company of PayPal (Europe) S.à r.l. & Cie, S.C.A)
was acquired by eBay in October 2002, and is located in California, USA.