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Who is PayPal?

PayPal enables any business or consumer with an email address to securely, conveniently, and cost-effectively send and receive payments online. 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, online merchants, individuals and others currently underserved by traditional payment mechanisms.
We seek to become the global standard for online payments, offering our service to users in 55 countries and regions. We have over 100 million registered users, including more than 5 million Business accounts. Our account base is growing by an average of 28,000 accounts per day, with virtually no traditional sales or marketing.
The size of our network and widening acceptance of our product has helped us become the leading payment network for online auction websites, including eBay. PayPal is also increasingly being used at other e-commerce sites for the sale of goods such as electronics and household items, the sale of services such as web design and travel, and the sale of digital content. Offline businesses, including lawyers, contractors and physicians, are increasingly using PayPal to receive payments online.
Founded by Peter Thiel and Max Levchin, PayPal is headquartered in San Jose, 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."
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