PayPal 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 uses the world's most advanced proprietary fraud prevention system to create a safe, global, real-time payment service.

PayPal is available in 45 countries and in five currencies. Each quarter, PayPal processes billions of dollars in online payments for merchants of every type and every size.

Consistently ranked the number one personal finance site according to Nielsen/NetRatings, PayPal has quickly become a global leader in online payment services, with more than tens of millions of registered accounts worldwide. In addition to online buyers, online retailers, online businesses, and eBay sellers, traditional offline businesses continue to discover the convenience of using PayPal.

PayPal has received nearly 20 awards for technical excellence from the Internet industry and the business community at large, most recently winning 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, USA, PayPal was acquired by eBay Inc. in October 2002.