Asisten Busines On The Internet

Beginning

Company Paypal (Paypal corp.) As it is known today is a merger between the company and X.com Confinity in 2000

Confinity founded in december 1998 by Peter Thiel and Max Levchin, initially as a means of payment as the company's Palm Pilot and
kriptograpi (cryptography, writings or figures secret).

While X.com was founded by Elon Musk in March 1999, the company's financial planning service providers. The two companies first location is at 165 University Avenue office in Palo Alto, California, home to some beginners in Silicon Valley

Ebay saw the development of the use of Paypal and Paypal match concluded as one means of payment on ebay. In May 1999 ebay purchase
Billpoint and make Billpoint as the main payment instruments at the time and make ebay Billpoint solely to the means of payment on ebay only, therefore Paypal only appeared several times as the preferred means of payment on ebay than Billpoint.
But because people prefer Paypal because it easy and more secure in the February 2000 there are 200 000 on average per day of supply that uses Paypal Billpoint while offering only 4000. In April 2000 more than 1 million offer to use Paypal

Acquisition by ebay

On ebay acquired Paypal in 2002 amounted to U.S. $ 1.5 Billion. PayPal had previously been used as a means of payment favorite with more than 55% and beat the ebay user ebay payment instrument other then Billpoint. Ebay finally remove Billpoint services to strengthen brand Paypal for ebay. Many major competitor went bankrupt or sold Paypal, Citibank c2it closed at the end of 2003, Yahoo PayDirect closed at the end of 2004, Western Union BidPay announced the closing service in 2005 and sold it in 2006 CyberSource Corporation. Other rivals such as Moneybookers and Paypal Kagi still survive until now

In the first quarter 2006 total transactions through Paypal worth U.S. $ 8 Billion, up 41% from year to year. The Company remains focused on the development of
internationally and to increase the merchant services division, and provides tools for users of ebay online payment