PayPal's main office is located in the Silicon Valley hub of San Jose, California. In 2015, eBay spun PayPal off, making it an independent publicly-traded company once again it's now listed on the NASDAQ exchange under the "PYPL" ticker symbol.
However, eBay ( EBAY ) soon acquired PayPal and operated it as a subsidiary until 2015. The company was founded in 1998 and went public via an IPO in 2002. PayPal Holdings ( NASDAQ: PYPL) is a payments processing company that has now expanded into several other related services and niches as well. Hence, the quote from the official web site ‘PayPal is for everyone who pays or gets paid’ seems to be true.Justin Sullivan/Getty Images News What Is Paypal? Considering the smart and successful business model this company has developed, it is safe to say that it doesn’t matter whether you are an individual, partner/developer, or business – PayPal can serve you. Therefore, logging in and actually using it has never been easier. It seems that everything on the web site is a click away. Also, the reason for PayPal’s popularity could be that this website is user-friendly. Furthermore, the official website guarantees users that their financial information is secure. Perhaps this is so due to the fact that it provides its users with safety. Even though this company is relatively young, it has managed to achieve huge success and earn money. To conclude, PayPal is one of the leaders in the industry when it comes to online transferring. Also, there are more than 200 million active PayPal accounts all around the world. Furthermore, it is considered to process around 18% of e-commerce sales. The statistics confirm that 86% of users are quite happy with the service. Not only is PayPal paid approximately 300 million dollars every day, but it is also ranked high by the costumers. The net worth of this company is estimated to be around 61.6 billion dollars. Guided by the belief that ‘If you can’t measure it, you can’t improve it’, this company has a strong metrics system. One of the main techniques and strategies of PayPal’s business model is measure. The second type is concerned with other value-added services, which are related to fees and loans. The first type refers to transaction revenues regarding net transaction fees which are typically charged to merchants and consumers.
The revenue of this company can be divided into two types. When it comes to global leadership regarding mobile payments, Braintree is, without a doubt, a crucial component of PayPal. This means that people can pay bills, reload mobile phones, or even send money to numerous foreign countries from the United States.īraintree is considered to be a payment platform which “provides all the tools online and mobile businesses need to accept payments”. When it comes to the Xoom, it is mostly focused on money transactions worldwide. Also, fun fact: the popularity of this app resulted in a verb ‘venom’, due to the fact that people were using it in sentences like “Venmo me!”. This app provides people with the ability to make payments and share money with friends. One of the main dimensions of Venmo is its social dimension. In 2015, Paydiant became part of the PayPal family, by reaching a 280 million dollar deal. Paydiant Platform is primarily concerned with banks, merchants, distributors, and resellers. In other words, PayPal is centered around several platforms such as Paydiant, Venmo, Xoom, and Braintree. The important thing to keep in mind when discussing PayPal is the number of brands surrounding it. Essentially, this company makes money out of processing customer transactions. The business model of PayPal is more than interesting. Have you ever wondered how PayPal managed to achieve such a success and how it makes money? In case you are interested in this topic, please continue reading the following article, since all the necessary details will be provided below. The success became more obvious in 2018 when the company was ranked 222nd on the Fortune 500 of the largest US corporations by the revenue. money orders and checks.Įver since 1998, which is the year of the company’s founding, PayPal has been becoming more and more popular. It is known for being an alternative to the traditional way of paying, i.e. This website operates via email and web services.
PayPal is the name of the famous website which is primarily concerned with the transfer of money.
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