Paypal is an American company operating a worldwide online payment system that support online money transfers as a payment processor for online vendors,auction sites,and many other commercial users,for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as confinity PayPal had its public offering in 2002.
Its headquarter located at 2211 North First street San Jose,California,U.S. It founding Members are ken Howery, Luke Nosek, Max Levchin,Peter Thiel, Yu pan,Elon Musk.
Key people in paypal are the chairman John Donahoe and the CEO and president Dan Schulman.
It product are credit card and payment systems.
Paypal is one of the biggest financial service in the world operating almost all over the world.