Q:

What companies use PayPal?

A:

Quick Answer

Companies all over the world use PayPal, including larger organizations such as Overstock, Home Depot, Office Depot, Bed Bath & Beyond and Amazon as well as many more medium-sized and small companies. As of 2014, PayPal processes almost 10 million payments every day in 203 markets and 100 currencies.

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Full Answer

Along with providing merchants all over the world with safe, digitized payment options, PayPal provides financial and business-related research through studies that help people who are considering going into business for themselves.

For example, through PayPal, Clarus Research Group provided a study of entrepreneurs around the globe. The report includes data from business types, demographics, work experience, information about personality traits, motivations and fears, ownership data, reasons for starting a business, support for start-ups and performance stats. The report encourages business initiative and helps entrepreneurs get a business started and then move on to further development and expansion. The report also includes comments from business owners all over the world.

Originally called Confinity, PayPal was founded in 1988 by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery, who believed that handheld devices could become digital wallets because, they theorized, money stored digitally, unlike real cash, can never be stolen, making it safer. After merging with the company X.com, the group was officially named PayPal in 2001.

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Related Questions

  • Q:

    How do you pay someone with PayPal?

    A:

    To pay someone with PayPal, create an account, select the country the recipient resides, enter how much to pay, and send the payment by entering an email address. There is a fee for sending payment with a credit or debit card.

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  • Q:

    Is PayPal safe?

    A:

    PayPal is safe for individuals sending money because its website is secure and encrypted and has a buyer-protection plan in place. There is a risk to sellers using PayPal, as it makes it relatively easy for customers to dispute charges that may be valid.

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  • Q:

    How does PayPal work?

    A:

    PayPal allows users to send and receive payments online. The first step is to sign up for a PayPal account and choose whether it is a personal account or a business account. For a user to be fully verified and able to use the account without any restrictions, he needs to link a bank account or credit or debit card to his account.

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  • Q:

    How do you set up PayPal?

    A:

    To create a PayPal account, complete the online sign up form at PayPal.com, and confirm the email address provided. Add a credit card to the account, or complete the verification process to add a bank account to Paypal.

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