Updated: 10/17/2017 by Computer Hope

PayPalOriginally founded in 1998, 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 to accept money from other users and is a great way for users who do not want to use a credit card with 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.