8 Things About PayPal That Would Shock You

The mega online payment company that has been making life easy for clients all over the globe but hang on to your seats people as we unveil the shocking secrets of the company that may have served you one way or the other.

1 PayPal was created in 1998 by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery and four years later had its Initial Public Offer

2 In 2014, PayPal moved an incredible $228 billion in 30 currencies across more than 190 nations generating a whooping $7.9 billion dollars in revenue which was 44% of eBay’s total profits

3 Thirteen years after the first Initial Public Offer, PayPal on the 20th of July 2015 had its second IPO valued at $46.6 billion

4 The name at the time it was founded was Confinity

5 In March 2000, Confinity merged with X.com an online banking company founded by South African immigrant, Elon Musk

6 The year 2001 was a significant year for PayPal because that was the year the company was renamed ‘PayPal’

7 By the year 2010, PayPal had clocked 100 million active user accounts in 190 markets through 25 currencies

8 The current CEO of PayPal is Daniel Schulman who has been in offic since the 2nd of July 2015

PayPal is a lot of things to a lot of people, what does PayPal mean to you?

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