PayPalOriginally founded in 1998 and later acquired by eBay Inc. in 2002, PayPal is an Internet service that enables any individual with an e-mail address to securely transfer money and receive money using their bank or credit card information. PayPal makes it easy for users who need to accept money from other users for a service or product and also makes it easy for users who do not want to use their credit card or don't have a credit card to use on the Internet.