Payer avec PayPal sur amazon

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What is PayPal?

PayPal is an online payment system that enables you to send and receive money. The company’s name was changed from “Payoneer,” but it remains the same as when PayPal entered its IPO in 1998.

Payer avec PayPal sur amazon

PayPal began as a service for merchants to issue payments, but today provides users with a range of different features for paying bills, sending money between friends, making purchases on your behalf, or transferring funds to other accounts. This includes account management, billing, invoicing, reporting, and more.

The mobile app also supports video calls and file sharing, which makes it easier than ever for individuals to share files with large groups without having them download software to read them over the internet—a feature known as M2F.

PayPal first launched at PayPal Incorporated (now PayPal Holdings Inc.), and remains an American private company headquartered in San Jose, California. It has raised $3.1 billion in funding since 2003. Its shares trade under the symbol PYPL.

PayPal is ranked No. 2 on Fortune Magazine’s 2022 list of America’s Most Admired Companies, behind Apple and Exxon Mobil.[3] Forbes named eBay one of their top 10 Most Innovative Businesses in 2017. [4] One hundred million business customers use PayPal every month to send money to their friends and family, including nearly 20% of households worldwide. [5]

In 2019, PayPal made history by becoming the first U.S. tech company to be valued at over one trillion dollars.[6] In 2020, the digital payments giant won two Great Internet Awards, which recognize companies building innovative products and services.

PayPal also offers financial institutions that want access to millions of consumers a convenient option for accepting credit cards for payments, with no fees involved. Those looking to set up their own online store can create a PayPal storefront using Shopify, WordPress, or Magento applications. Users looking to buy things with cash can do so using PayPal Cash Advance.[7]

PayPal was founded by Peter Thiel and Dan Schulman,[8] who purchased a domain name related to PayPal after they bought a website where people could order pizza from their favorite restaurants. When their venture came into being, they had just five employees to look after, many of whom were freelancers in Silicon Valley. They started working on the idea for PayPal in January 1999, while studying computers at Stanford University.[9]

PayPal’s founding team included PayPal co-founder Eric Sorensen and senior advisors Peter Thiel, Jawed Karim, Greg Allgood, Mike Novogratz, and Daniel Payne.[10] PayPal’s headquarters are located in Menlo Park, California.[11]

In 2001, PayPal became a public company through its initial IPO. After a slow start in the market, the firm now trades at an average valuation of around $30 billion. The number 1 publicly traded stock is WebMD Technology Services Inc., which ranks among the largest privately held technology companies in the United States.

PayPal has attracted notable investors such as hedge fund Blackrock, billionaire entrepreneur George Soros and legendary investor Charlie Munger alongside some lesser-known individuals such as Tesla founder and chairman Elon Musk, Facebook CEO Mark Zuckerberg, and Nike co-founder Phil Knight.

History

On April 3, 2007, PayPal joined Electronic Data Interchange Standards Organization (EDI), forming what would become International Standard for Electronic Funds Transfer (IFTR).[12] By July 2008, PayPal had been accepted by major global banks and payment gateways including Visa and MasterCard.[13] On September 28, 2009, PayPal officially went live in Japan and Germany, offering instant transactions with debit cards and credit cards.[14]

In 2010, PayPal introduced an online wallet for storing money. Within weeks, it surpassed 500,000 subscribers and increased daily active and new user numbers every year since then. PayPal currently serves millions of users around the world and continues to expand its product portfolio, bringing them closer to consumers around the globe. Some of these products include PayPal Credit, which gives customers easy access to their income after deducting interest, saving money, and investing; PayPal Unlimited, which allows people to transfer free money to friends or loved ones with little effort; PayPal Card, which lets people open bank accounts or accept loans via their smartphone; PayPal Digital Wallet, allowing third-party apps to access customer information for small businesses; and PayPal Checkout, which helps businesses accept payments via a card or mobile wallet and track sales.

In 2011, PayPal partnered with Fiverr to launch the Free Gig marketplace.[15] PayPal also launched a personal finance portal called Moneyparesh, which allowed customers to make “payday” deposits and withdrawals using only a virtual debit/credit card. Additionally, PayPal added tools to help users manage finances and investments, like personalized shopping recommendations.

In 2012, PayPal launched PayPal Pay, a consumer banking service that allows consumers to make recurring and secure payments to other users.[16] Following this, PayPal announced plans for a standalone digital wallet intended for shoppers. As part of this announcement, PayPal also introduced a line of electronic wallets that allow consumers to pay bills with virtual credit cards, debit cards, gift cards, prepaid cards, and even cryptocurrency.

Later in 2013, PayPal announced a partnership with Google Play Music, allowing PayPal users to listen to music using PayPal as the payment method. Soon thereafter, PayPal acquired Stripe’s banking partner program.[17] These developments marked the beginning of a journey toward the creation of PayPal Pay, a complete digital payment solution, which aims to provide an alternative point-of-sale platform for eCommerce businesses.[18]

In 2014, PayPal unveiled the first version of its unified messaging application, WhatsApp, with iOS and Android devices to replace Facebook Messenger. Subsequently, the messenger reached over two billion monthly active users. Through this innovation, PayPal helped facilitate a massive increase in cross-border payments. Later that year, PayPal opened a second office in New York City to prepare for another milestone. At this time, PayPal received additional funding from Tiger Global Management, Comcast Ventures, Index Ventures, Sequoia Capital, Accel Partners, GV (formerly General Venture), and existing shareholders.[19]

In 2015, PayPal established its global infrastructure with servers located in London, Munich, Dubai, and Tokyo, in addition to establishing a processing hub in Seattle, Washington, and a retail presence in China. Shortly afterward, it expanded operations further north, to Canada and Mexico, with 100 additional locations.[20]

In 2016, PayPal became the first international bank to offer direct connections across all three continents. A few months after this, the firm announced growth in Europe through both acquisitions and partnerships.[21] For example, HSBC Bank PLC and Santander Bank SA partnered to deploy PayPal solutions in North Italy and Spain, respectively. Meanwhile, South Africa’s FirstRand Financial Group signed a deal to use PayPal in the country. Furthermore, in October 2016, Wells Fargo & Co. agreed to acquire PayPal to become one of the biggest players in Western Europe. PayPal is now present in 42 countries and territories worldwide.

In 2018, PayPal announced a multi-year strategic alliance with Starbucks in the US aimed at introducing contactless payment experiences, increasing brand awareness, driving revenue opportunities, developing marketing capabilities, enhancing shopper loyalty, and delivering better customer experience.[22][23]

In 2021, PayPal teamed up with Starbucks to introduce a checkout experience on both Instagram and Twitter. Also, Starbucks has collaborated with Walmart and Uber Eats, to drive a more seamless payment ecosystem across the food industry.[24]

2021 Impact Statements

In November 2021, PayPal released four important annual impact statements. These included “Beyond Our Customers”, “Beyond Payments”, “Beyond Our People”, and “Beyond Good.” These reports detail how PayPal is actively listening to customer needs, partners actively invest in the development of long-term positive impacts, and engages with key stakeholders to meet societal expectations to improve the health, safety, privacy, accessibility, and well-being of our communities as well as support good causes.[25]

In December 2021, PayPal disclosed its first Corporate Social Responsibility Report citing how it focuses on issues such as diversity, inclusion, environmental sustainability, and protecting against child abuse and sexual exploitation.

In March 2022, PayPal continued its commitment to combat climate change, setting goals to reduce carbon emissions by 30 percent by 2030.[28] In May 2022, the company committed to reducing total greenhouse gas emissions by 50 percent by 2030 and achieving net zero GHG emissions by 2050.[29] To achieve these targets, PayPal and Square have agreed to set science-based climate goals. Moreover, at a summit in Glasgow on June 9, 2022, PayPal executives vowed to make a profit by maximizing returns.[30][31]

In March 2022, PayPal launched a Climate Action plan that seeks to align corporate priorities and actions toward addressing climate change by strengthening collaboration and supporting the shift to renewable energy sources, improving air quality across the supply chain, and ensuring sustainable supply chains. Other highlights include efforts to address labor and workforce fairness, promote equity and justice, advance racial equality and eliminate bias through leadership training and a culture of accountability,[32], and support education and prevention.[33]

In October 2021, PayPal committed to partnering with Native American tribes to develop inclusive financial products, create fair tax principles, and expand transparency.[34]

In August 2021, PayPal announced its intention to invest $2 billion over time to foster economic opportunity for underserved small children, women, and other low-wage workers by extending benefits and opening new branches to serve those markets.[35] In August 2021, The Federal Trade Commission filed a lawsuit against the company, alleging violations of anti-trust law for not requiring vendors to negotiate lower prices for smaller sellers. PayPal settled the lawsuit in February 2022.

In July 2021, PayPal revealed social media posts about indigenous cultural appropriation for gaming platforms, such as Twitch

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