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Founded
in
1998,
PayPal,
an
eBay
Company,
enables
any
individual
or
business
with
an
email
address
to
securely,
easily
and
quickly
send
and
receive
payments
online.
PayPal's
service
builds
on
the
existing
financial
infrastructure
of
bank
accounts
and
credit
cards
and
utilizes
the
world's
most
advanced
proprietary
fraud
prevention
systems
to
create
a
safe,
global,
real-time
payment
solution.
PayPal
has
quickly
become
a
global
leader
in
online
payment
solutions
with
50
million
account
members
worldwide.
Available
in
45
countries
around
the
world,
buyers
and
sellers
on
eBay,
online
retailers,
online
businesses,
as
well
as
traditional
offline
businesses
are
transacting
with
PayPal.
PayPal
has
received
close
to
20
awards
for
technical
excellence
from
the
Internet
industry
and
the
business
community
at
large
-most
recently
the
2003
Webby
Award
for
Best
Finance
Site
and
the
2003
Webby
People's
Voice
Award
for
Best
Finance
Site.
Located
in
San
Jose,
California,
PayPal
was
acquired
by
eBay
Inc.
in
October,
2002.
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