Updated: 03/06/2020 by Computer Hope
PayPal logo

Founded in 1998, PayPal is an Internet person-to-person payment service. Any PayPal user may securely transfer money using their bank or credit card information. PayPal makes it easy to accept money from others and is a great way for users who don't want to use a credit card on an unknown website.

On October 3, 2002, PayPal was acquired by eBay Inc. Then on July 18, 2015, PayPal became an independent company again after a spin-off by eBay.

Business terms, Currency, Internet terms, Online payment system,, Square Cash, Venmo