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PayPal
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<p>PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support <a href="/facts/E-commerce_payment_system/WwzxAm8V">online money transfers</a>; it serves as an electronic alternative to traditional <a href="/facts/Banknote/mm6H2XI4">paper</a> methods such as <a href="/facts/Cheque/AmS09zUa">checks</a> and <a href="/facts/Money_order/Hzs7VqUS">money orders</a>. The company operates as a payment processor for online vendors, <a href="/facts/Auction/MU3MKVps">auction</a> sites and many other commercial and company users, for which it charges an international addition bank charges fee. </p><p>Established in 1998 as Confinity, PayPal went public through an <a href="/facts/Initial_public_offering/2NntDhrG">IPO</a> in 2002. It became a wholly owned subsidiary of <a href="/facts/EBay/bDswVAKB">eBay</a> later that year, valued at $1.5 billion. In 2015, eBay <a href="/facts/Corporate_spin-off/AAdmMr3u">spun off</a> PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 <a href="/facts/Fortune_500/BLeHWymz"><i>Fortune</i> 500</a> of the largest United States corporations by revenue. Since 2023, PayPal is a member of the <a href="/facts/MACH_Alliance/ePkrY5CY">MACH Alliance</a>. </p>