Paypal analysis Creative Writing Other (Not Listed) (Other (Not Listed) Sample)
Analysis paper on how paypal was funded and how it operates.source..
Your Name Goes Here
American Public University System
PayPal is an American company that offers financial assistance or payments world wide. It’s main line of business is to offer financial online money transfers, that doubles up as an alternative to the popular traditional paper transfers such as money orders and checks. It operates as a middleman or payment processors for commercial users, online vendors and personnel who might want to use online money transfers. They get their commission by charging a small fee for their services which helps in the running of their company. It was established in 1998 but it was not until four years later that it had its first initial public offering and it became a subsidiary of eBay, (Levchin, Nosek, Thiel & Banister, 2006)
PayPal was a contingent of Confinity which used to develop and sell security software mainly for hand held devices. It only came into existence by the merger of X.com and Confinity which at that time was dealing with online banking and money transfers. The owners of X.com and the owners of Confinity disagreed on how to run the business and they parted ways and that is how PayPal came into existence, (Jackson, 2004).
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