PayPal

PayPal is a leading global online payment service provider headquartered in San Jose, California, USA, founded in 1998 by Peter Thiel and Max Levchin. Originally called Confinity, PayPal merged with X.com and was acquired by eBay in 2002 for $1.50 billion as its official payment provider.

PayPal’s main business includes personal payment, merchant payment, mobile payment and cross-border transfer. It provides safe and convenient online payment services for individual users, such as online shopping and money transfer; provides merchants with a variety of payment solutions to help them expand their online sales channels; provides mobile payment applications to support online payment and peer-to-peer payment on mobile devices; and provides Global Payment services for cross-border e-commerce to help merchants expand overseas markets.

PayPal’s strength lies in its secure and convenient payment services and extensive global coverage. It uses advanced encryption technology and anti-fraud measures to provide users with a safe and reliable payment experience. At the same time, PayPal supports a variety of payment methods, is simple and fast to operate, and provides services in more than 200 countries and regions around the world, providing a powerful payment solution for cross-border e-commerce.

In terms of fees, PayPal charges merchants a transaction fee, usually 2.9% of each transaction plus $0.30, but usually does not charge a fee for individual users. In addition, PayPal also offers buyer protection programs and return shipping compensation services to enhance user trust and satisfaction.

PayPal is committed to inclusive financial services through technological innovation and strategic partnerships, helping individuals and businesses participate and succeed in the global economy. Its extensive use and continuous innovation around the world have made it one of the leaders in e-commerce and cross-border transfer.