What is PayPal ?
PayPal lets any business or consumer with an email address to securely, conveniently, and cost-effectively send and receive payments on line. Our network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution. We deliver a product ideally suited for small businesses, on line merchants, individuals and others currently under served by traditional payment mechanisms.
We seek to become the global standard for on line payments, offering our service to users in 38 countries including the United States. We have over 25 million registered users, including more than 3 million business accounts. Our account base is growing by an average of 28,000 accounts per day, with virtually no traditional sales or marketing.
PayPal was recently acquired by eBay, and is located in Mountain View, California. PayPal is the 2002 SIIA Codie Awards winner for "Best eCommerce Solution" and is recognized by PC Magazine as one of "The Top 100 Web Sites."