About Paypal

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as cheques and money orders.
PayPal performs payment processing for online vendors, auction sites, and other corporate users, for which it charges a fee.
On October 3, 2002, PayPal became a wholly owned subsidiary of eBay.Its corporate headquarters are in San Jose, California, at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Dublin, Ireland; and Berlin, Germany.