History of PayPal

Today, I will share with you the History of PayPal.


US electronic payment service. 

In December 1998, Paypal was born in 1999 when the company Confinity, founded by Max Levin, Peter Till, Luke Novell, and Ken Hauri, was acquired by Xlom, a company founded by Elon Musk.

It was acquired by eBay in October 2002 and became a subsidiary. And in July 2015, it became a sole corporation. Headquartered in California, USA. It is a kind of escrow service that relay between the buyer and the seller. It is a form in which the buyer pays the paypal and the paypal pays the seller the money.


 Because of the fact that they can deal with each other without notifying their credit card number or account number, security is attracting attention. In addition, even if the currency used is different, PayPal can exchange transactions with other countries' editions/buyers in exchange for money. However, it is a disadvantage that there are many things to go hand in hand and a lot of things to care about. 

It is the most reliable and safe financial transaction system in the world and it is easy to use and protects against various kinds of financial fraud. However, it does not guarantee stability by using the system which is already 15 years old and belongs to a complex system.


Also, it has a disadvantage that it is difficult to use in other countries because it is integrated with the US financial system. This authentication system is added to the complex PayPal system, which is possible, but it produces Hellgate. It is a system that escrow is aimed at rather than simple settlement in the beginning, and the settlement is not simple unexpectedly. 

Mainly the United States should also strongly supports payment using PayPal in a number of companies and private operators receive a donation-based recruitment in the Paypal account.

 Amazon.com, it may not support some companies, such as attention (in this case is almost supports its own payment system, for example, check out Amazon Amazon) English In addition to supporting multiple languages and Korean will be available from February 12, 2015. 

Of course, if you use PayPal, you will receive a modest fee, which is the same as a credit card fee when you use a credit card, so there is no burden on the buyer. In addition, there is an additional service benefit from the exchange. Please note that if you use a MasterCard, you may receive a tranche exchange. 

If you are 18 years of age or older, you can use your bank account, credit card and check card to register, transfer, deposit and claim. However, as you will see later when you use check cards, you are a bit sick. It is primarily serviced in the United States and also supports global services. 

The account includes personal account Personal, Premier personal account, and Business, a company account. Personal is free from PayPal transfer fees, but the payment fees are high.