18006743019 Paypal Tech Support

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfersand 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 other commercial users, for which it charges a small fee in exchange for benefits such as one-click transactions and password memory.

Established in 1998 as Confinity,[7] PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.[8][9]

In 2014, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.[10]

In 2018, eBay announced that after the existing eBay-PayPal agreement ends in 2020, PayPal will remain a payment option for shoppers on eBay, but it won’t be prominently featured ahead of debit and credit card options as it is today. PayPal will cease to process card payments for eBay at that time.[11]nts in the US.[31] PayPal revenues for Q1 2009 were $643 million, up 11 percent year over year. 42 percent of revenues in Q1 2009 were from international markets. PayPal's Total Payment Volume (TPV), the total value of transactions in Q1 2009 was nearly $16 billion, up 10 percent year over year.[32]

By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies.[33] In July 2011, fourteen alleged members of the Anonymous hacktivist group were charged with attempting to disrupt PayPal's operations. The denial of service attacks occurred in December 2010, after PayPal stopped processing donations to Wikileaks. On December 5, 2013, 13 of the PayPal 14 pleaded guilty to misdemeanor and felony charges related to the attacks.[34][35]

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The company continued to build its Merchant Services division, providing e-payments for retailers on eBay. In 2011, PayPal announced that it would begin moving its business offline so that customers can make payments via PayPal in stores.[36] In August 2012, the company announced its partnership with Discover Card to allow PayPal payments to be made at any of the 7 million stores in Discover Card's network.[37] By the end of 2012, PayPal's total payment volume processed was US$145,000,000,000.[38] and accounted for 40% of eBay's revenue, amounting to US$1,370,000,000 in the 3rd quarter of 2012.[39]

In 2013, PayPal acquired IronPearl, a Palo Alto startup offering engagement software,[40] and Braintree, a Chicago-based payment gateway, to further product development and mobile services.[41] In June 2014 David Marcus announced he was leaving his role[42] as PayPal President; Marcus joined PayPal in August 2011 after its acquisition of Zong, of which he was the founder and CEO.[43] David Marcus succeeded Scott Thompson as president, who left the role to join Yahoo.[43] PayPal announced that Marcus would be succeeded by Dan Schulman, who previously served as CEO of Virgin Mobile and Executive vice president of American Express.[44]

Spin-off from eBay