Topic: paypal-what is PayPal account PayPal Holdings Inc trading as PayPal, is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal's payment system, also called PayPal, is considered a type of payment rail.
Digital marketing with PayPal
PayPal launches different marketing activities in various channels and emphasizes that consumers can use it in different ways. Paypal's marketing includes the TV commercials, outdoor advertising, Facebook, and display advertisement.PayPal provides free analytics to traders about the ways that consumers utilise online payments. By the free tracking service, PayPal assists traders to target the consumers. PayPal's code gathers the consumer information which can be installed on the trader's website. Both PayPal and traders get benefit from the free service.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015.
The company ranked 222nd on the 2018 Fortune 500 of the largest United States corporations by revenue.Finances
For the fiscal year 2017, PayPal reported earnings of US$1.795 billion, with an annual revenue of US$13.094 billion, an increase of 20.8% over the previous fiscal cycle. PayPal's shares traded at over $55 per share, and its market capitalization was valued at over US$98.2 billion in October 2018.
Services
As of 2019, PayPal operates in 202 markets and has 286 million active, registered accounts. PayPal allows customers to send, receive, and hold funds in 25 currencies worldwide.PayPal's services allow people to make financial transactions online by granting the ability to transfer funds electronically between individuals and businesses. Through PayPal, users can send or receive payments for online auctions on websites like eBay, purchase or sell goods and services, or donate money or receive donations. It is not necessary to have a PayPal account to use the company's services. PayPal account users can set currency conversion option in account settings.From 2009 to 2016, PayPal operated Student Accounts, allowing parents to set up a student account, transfer money into it, and obtain a debit card for student use. The program provided tools to teach how to spend money wisely and take responsibility for actions. PayPal discontinued Student Accounts in August 2016.See also
References
External links
Official websiteBusiness data for PayPal:
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