PayPal Holdings Inc.

Description

PayPal Holdings, Inc (NASDAQ:PYPL) is a global digital payments company incorporated in Delaware in 2015.

The digital company enables online payment transactions for several vendors, auction sites, and commercial customers. PayPal Holdings, Inc provides an integrated technology platform for online payments in several countries that enable online money transfers.

The company was founded in December 1998 as Confinity.

PayPal has operations in more than 200 international markets and claims to provide convenient, affordable, and secure finance and commerce payments platform.

The company’s payment solutions include:
• Venmo
• PayPal Credit
• Braintree
• Xoom
• Paydiant
• PayPal

The online payment provider manages a two-sided global payments technology network that enables merchants and consumers to facilitate and conduct online transactions smoothly.

The global transaction platform supports various local payment methods, including all types of offline and online payments conducted through either PayPal wallets, credit or debit cards, or popular apps like Google Pay, Samsung Pay and Apple Pay.

Through the platform, customers can purchase or make payments for goods and services and engage in transferring or withdrawing funds.

PayPal also provides the exchange of funds options using various funding sources, including channels, including bank accounts, PayPal Account, PayPal credit accounts, debit cards, credit cards, and other value stored products like credit card reward programs, gift cards, coupons, etc.

In addition, the company facilitates cross-border payments and trade for consumers and merchants.

Venmo and Xoom, the company's premier mobile applications, offers customized and advanced solutions for consumers to conduct person-to-person money transactions.

All related services are also available on PayPal's official website.

The global company also provides end-to-end solutions that provide authorization and settlement capabilities for the merchants in their payments.

PayPal Holdings, Inc reportedly generates revenue primarily from fees charged for completing payment transactions and other related services based on the volume of activity on its premier payment platform.

The company claims to have approximately 377 million active accounts, which consists of 29 million merchant accounts and 348 consumer accounts in over 200 global markets.

For merchants, PayPal Holdings, Inc provides alternative payment methods, reducing losses through proprietary protection program, access to credit solutions, detection and prevention of fraud and risk management solutions.