About

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system, serving as an electronic alternative to traditional paper methods such as checks and money orders. It functions as a payment processor for online vendors, auction sites, and many other commercial users. The company was founded in December 1998 as Confinity, later becoming X.com in October 1999, and finally PayPal in March 2000. Headquartered in San Jose, California, U.S., PayPal is a public company with a reported revenue of US$31.8 billion in 2024, establishing itself as a key player in the financial technology industry.