PayPal is an American online payment service released by PayPal Holdings, Inc. The original company was established in 1998 to produce security software for some handheld devices. One year later, Paypal decided to change the direction where the country was headed by turning into a money transfer system in 1999 at Confinity. It attracted many investors and was acquired by eBay in 2002 for $1.5 billion. PayPal became the mostly-used payment method by a majority of eBay users. On September 30, 2014, eBay spined off PayPal into a separate publicly traded company.
With PayPal, you can pay with PayPal in your favorite stores, restaurants, shopping malls and more. Use the app to pay with your phone. PayPal also allows you to transfer money between friends in a quick and simple way.