Founded in the late 90’s by Elon Musk and a group of enthusiasts, PayPal is now recognized as the world’s largest online payment processor. See more astonishing facts about PayPal in the infographic below compiled by experts from Play-N-Pay.
After enduring some early ups and downs, the company proliferated. Between the years 2000 and 2002, PayPal grew big enough to finally announce its entry into NASDAQ with $13 per share. Later, PayPal merged with eBay for a remarkable $1.5 billion, becoming the only payment gateway for eBay users.
PayPal is now available in 203 markets and across multiple currencies. It allows customers to hold balances, deposit and withdraw their funds securely, with full compliance and control over their financial data.
The company also vouches for its moral standing in the market, hence its decision to withdraw as a payment method for the majority of gambling websites.
The company’s decisions have helped it become a platform that is recognized as the world’s most reliable payment system with an ever- expanding user base.
The company offers different payment solutions that penetrate the online retail market. Recently, they collaborated with MasterCard, leading to the inception of the Secure Card service. This decision alone brought the company a revenue of a whopping $1.8 billion.
PayPal offers time reductions for transactions and financial data collection. Information is processed through the innovative Informatica MDM, governance and Power Center platforms.
Robust transaction control and security makes PayPal the most preferred and trusted by their user base.
The prominent success story of PayPal has inspired many start-ups. Nevertheless, if you still think that transactions can’t go beyond bank accounts, we strongly suggest taking a closer look at our infographic below. Facts and figures speak for themselves; a quick and simplified system like PayPal is what you get by keeping up with the times.
Infographic Source: https://playnpay.co.uk/PayPal-success-story