PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as 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.
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Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 134th on the 2021 Fortune 500 of the largest United States corporations by revenue.
With PayPal, you can send money to anyone with an email address or mobile number.
Here’s how to send money:
- Click Send & Request at the top of the page.
- Select from the 3 options.*
- Enter the email address or mobile number to whom you are sending money.
- Enter the amount you want to send and click Continue.
- Review and confirm the information on the screen and click Send Money Now.
*If you’re buying something, select Pay for goods and services. If you’re sending money to a friend or family member, pick Send to friends and family in the US or Send to friends and family internationally.
We’ll send the recipient an email to let them know that you sent them money. If they don’t have a PayPal account, we’ll explain how to sign up for one. PayPal members must confirm their email address before the money can be credited to their PayPal account.
