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PayPal facts for kids

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PayPal
PayPal.svg
Type of business Public
Type of site
Financial
Available in Multilingual
Traded as
  • NASDAQPYPL
  • NASDAQ-100 component
  • S&P 100 component
  • S&P 500 component
Founded December 1998; 22 years ago (1998-12) (as Confinity)
November 1999; 21 years ago (1999-11) (as X.com)
Predecessor(s) Confinity, X.com
Headquarters 2211 North First Street
San Jose, California, U.S. (corporate headquarters)
Omaha, Nebraska, U.S. (operative center)
Area served Worldwide
Founder(s)
Industry Financial services
Products Credit cards, payment systems
Revenue Increase US$17.772 billion (2019)
Operating income Increase US$2.719 billion (2019)
Net income Increase US$2.459 billion (2019)
Total assets Increase US$51.333 billion (2019)
Total equity Increase US$16.929 billion (2019)
Employees c. 21,800 (Dec. 2018)
Parent eBay (2002–2015)
Divisions
  • PayPal Inc (PPI)
  • PayPal Pte. Ltd (3PL)
  • PayPal Payments Pte. Holdings (PPLUX)
  • PayPal Payments Pte Limited (4PL)
Subsidiaries
  • Braintree
  • Paydiant
  • Honey
  • Venmo
  • PayPal Credit
  • Xoom Corporation
  • TIO Networks
  • card.io
  • iZettle
  • Tradera
Alexa rank Decrease 110 (May 2020)
Advertising No
Registration Yes
Users Increase 305 million (2019)
Launched December 1998 (1998-12)
Current status Active
Native client(s) on Android
iOS
Windows
Written in C++, JavaScript (as Node.js), Python

PayPal is a website that allows the transfer of money among people, via web services and email. The money can be deposited into a bank account. PayPal was owned by eBay, from 2002 to 2015,. It can be used in more than 200 countries.


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