Paypal

      

Type	Subsidiary of eBay Inc.
Founded	Palo Alto, California USA (1998)
Founder(s)	Ken Howery Max Levchin Elon Musk Luke Nosek Peter Thiel
Headquarters	San Jose, California USA
Area served	Worldwide
Key people	Scott Thompson, President Patrick Dupuis, CFO
Revenue	US$2.23 billion (2009)
Owner	eBay Inc.
Website	PayPal.com
Alexa rank	34 (November 2011)[1]
Advertising	Yes
Registration	Optional
Available in	Multilingual
Current status	Active

 PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.....


Originally, a PayPal account could be funded with an electronic debit from a bank account or by a credit card at the payer's choice. But sometime in 2010 or early 2011, PayPal began to require a verified bank account after the account holder exceeded a predetermined spending limit. After that point, PayPal will attempt to take funds for a purchase from funding sources according to a specified funding hierarchy, regardless of what funding source is listed as "primary" in the account-holder's profile. The funding hierarchy is (1) a balance in the PayPal account; (2) a PayPal credit account, PayPal Extras, PayPal SmartConnect, or Bill Me Later (if selected as primary funding source); (3) a verified bank account; (4) other funding sources, such as non-PayPal credit cards