PayPal provides the
world's first instant and secure online payment service. This
revolutionary service enables any business or consumer with an email
address to securely, conveniently, and cost-effectively send and
receive payments online.
With a customer base of more than 15 million and continuing to
grow rapidly, PayPal is the world's largest Internet-based payment
network. PayPal is the #1 eFinance site on the Internet, according
to PC Data Online, and one of the fastest growing websites,
according to Media Metrix. PayPal now constitutes over 10% of all
Internet traffic in the financial services category, more than
Citibank, Wells Fargo and Bank of America combined.
PayPal is the preferred payment service for online auctions, and
for online community and group websites. Recommended by CNET as "the
most reliable personal payment service", PayPal is increasingly
being used at e-commerce sites, including eBay. PayPal's service,
free to consumers, can be used from PCs or Web-enabled mobile
phones.
PayPal is a publicly traded company headquartered in Palo Alto,
California. A Webby Award nominee in both 2000 and 2001, PayPal was
named a Forbes Favorite Website in the magazine’s May 2001 "Best of
the Web" issue.
