PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users, for which it charges a small fee in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.
In 2014, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.
The best PayPal Casinos:
Find out why over 20 million UK shoppers use PayPal each year.
Join 7 million businesses around the world offering PayPal.
Partners and developers:
Work with PayPal to offer your customers world class payment solutions.
Charities and not-for-profits:
Discover how PayPal can help your not-for-profit organisation.
Safer and more protected
Shop with peace of mind. PayPal Buyer Protection can cover your eligible purchases if they don’t show up or match their description.
Simple and convenient
Pay online with your PayPal password and skip entering your financial info. Or pay even faster with One Touch™, stay logged in and check out without entering your password. Plus, rest assured knowing Buyer Protection is available for your eligible purchases.
Across devices, worldwide
With just one account, you can shop at millions of websites around the world, and pay friends back almost anywhere. Use any of your devices to manage your account on the go with the PayPal app.
Mostly free, always upfront
It’s free to open a PayPal account and buy something using PayPal unless it involves a currency conversion. There are no PayPal fees if you use your PayPal balance, bank account or debit card to send money in GBP to friends and family within the UK. There may be fees for other transactions.