About Paypal

PayPal Inc. is a company in a network that provides money transfer services through electronic mail replacing the old method that still use paper, such as checks and money orders.PayPal also provides services to the owners of e-commerce site, auction, and other business types. Corporate headquarters is located in San Jose, California, United States.

The acquisition by ebaySeeing the promising future of PayPal, eBay concluded suitable for use of PayPal as an intermediary in the payment of their online auctions. Previously, ebay has bought Billpoint in May 1999 and became the sole intermediary payment approved by eBay, although an option to use other payment methods are still allowed. By February 2000, on average there are around 200,000 per day of supply using PayPal, while the use Billpoint bidding only reached 4000 only.Even in April 2000, there were already more than one million bids using PayPal.