You may often making online transaction using PayPal, but did you know, who is the founder of PayPal and what goals they set up for PayPal?
Here's the review ...
PayPal is an online company owned by eBay. eBay? Yes! eBay is very popular among online business netters around the world, ebay is an online company in the field of buying, selling and auction items.
PayPal History
PayPal was founded in December 1998 by three American entrepreneurs namely Peter Thiel, Max Levchin and Elon Musk. Located in Palo Alto, California, United States, the three entrepreneurs are launching it into the public in October 1999.
In the early days of establishment, the PayPal's services is focusing on money transactions between the user with the others by mobile electronic devices such as mobile phones. But in its development, transfer of funds via the internet was get more public appreciation and promising responses. Users who are online, especially eBay customer and the business community of the world get the practicality, safety and convenience in online transactions by using PayPal.
In October 2002, PayPal was acquired (purchased) by eBay.
PayPal Nowadays
PayPal is a means to receive or send money online and instant to users around the world easily and safely. Payment can be made with by linking to credit card accounts, bank accounts , buyer credit or account balances, without sharing any personal information.
PayPal is the world's leading business transfer online with the number of users for more than 65 million active accounts. Available in 19 world currencies, PayPal is very promising in the global business e-commerce.
PayPal has received more than 20 awards for the reputation of the internet industry and the business community in the world. Last appreciation in the year 2007 "Online Safety Leadership Award" given by the "Authentication and Online Trust Alliance." In the year 2006 was awarded "People's Voice Webby Award for the Best Financial Services Site" and "Electronic Payments International Award for Best Non-Payment Card Product 2005".
In 2007, PayPal's total transaction volume worth USD 47 Billion.
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