PayPal (Nasdaq: PYPL) was established by peter thiel and Max Levchin on February 1998. It is an online payment service provider headquartered in San Jose, California, USA. Adhering to the corporate philosophy of "inclusive finance serves the public", we are committed to providing inclusive finance services and combining technological innovation with strategic cooperation.
Fund management and flow have created better ways and provided flexible choices for transfer, payment or collection, helping individuals and enterprises to participate in and succeed in the global economy.
PayPal also cooperates with some e-commerce websites to become one of their payment methods; However, when transferring money through this payment method, PayPal charges a certain handling fee. On February 20 18, 18, the World Brand Lab released the list of the top 500 world brands in 20 18, and PayPal ranked 402. 20 19 10 on April 4th, PayPal announced its withdrawal from Libra Association, becoming the first member to withdraw from the organization. 20 19 was selected as "20 19 Forbes Global Digital Economy 100", ranking 33rd. In 20 19 10, Interbrand ranked 72nd in the list of global brands 100.
On March 8th, 20021,PayPal, an online payment platform, announced that it would acquire Curv, a digital cryptocurrency security storage technology company, to accelerate and expand its plans for cryptocurrency and digital assets.
Cultural concept
PayPal is one of the most widely used third-party payment tools in the world. Account type designed for users with international payment requirements. It can help PayPal:
Convenient foreign trade collection, cash withdrawal and transaction tracking;
Engaged in safe international procurement and consumption;
Quickly pay and receive 25 major international currencies including US dollar, Canadian dollar, Euro, British pound, Australian dollar and Japanese yen.
PayPal is committed to providing safe, simple and convenient online payment and collection services for individuals or enterprises through e-mail. PayPal account is a secure online electronic account launched by PayPal Company, which can effectively reduce the occurrence of online fraud. The advanced management functions integrated in PayPal account can easily control the details of each transaction.
Payment process
When the payer wants to pay a sum of money to the merchant or payee through PayPal, it can be divided into the following steps:
1. As long as there is an email address, the payer can log in and open a PayPal account, become its user through authentication, and provide credit card or related bank information to increase the account amount, and transfer a certain amount from the account registered at the time of opening the account (such as credit card) to the PayPal account.
2. When the payer starts the payment procedure with a third party, he must first enter the PayPal account, specify the specific remittance amount, and provide PayPal with the payee's email account number.
3. Then, PayPal sends an email to the merchant or payee to inform them that there are funds waiting to be collected or transferred.
4. If the merchant or payee is also a PayPal user, the money designated by the payer will be transferred to the payee after they decide to accept it.
5. If the merchant or the payee doesn't have a PayPal account, the payee can instruct the connecting station to enter the webpage to register and obtain a PayPal account according to the contents of the PayPal mail, and the payee can choose to convert the obtained money into a check and send it to the designated place, transfer it to his personal credit card account or transfer it to another bank account.
As can be seen from the above process, if the payee is already a PayPal user, the money will be remitted to his PayPal account. If the payee does not have a PayPal account, the website will send a notification email to instruct the payee to register a new account on the PayPal website.