Who is the PayPal founder? Do you want to really know who PayPal Founder is? PayPal is an American company that has taken the world by storm. PayPal is a popular online transaction platform that has grown large and is still growing. It users are able to buy online and also sell online with adequate protection against fraudsters and such. It has made for buying, selling, making payments such as bills and sending money easy to do.
An answer to the question above, PayPal was founded by six men who are Peter Theil, Max Levchin, Ken Howery, Luke Nosek, Yu Pan, and Russel Simmons. These men came to get to create PayPal which was called Confinity in 1998. The company began developing and testing online money transfer systems which attracted the attention of Elon Musk who is the founder of X.com a company that offered online banking services. Later the two companies merged and were later renamed as PayPal.
What is PayPal
PayPal is an e-commerce company that facilitates payments between two or more parties through online fund transfers. PayPal allows its users or customers to create accounts of their choosing on its platform which is connected to a bank account or credit card. Once customer’s identification and proof of funds have been confirmed a user may begin sending or receiving payments to and from other PayPal accounts. PayPal is doing all it can to make sure you using its platform is safe and secure for you by putting so many precautions in place.
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Now, PayPal is accepted in millions of shops around the globe so you can easily buy everything you need or want. Here is a list of PayPal services.
- Move and manage your money.
- PayPal credit.
- Also, PayPal ventures.
- PayPal mobile apps.
- Security key.
- Send money abroad.
- Pay with rewards
- Link PayPal to Alexa.
- PayPal shopping.
- There is a PayPal debit MasterCard.
- Also, PayPal digital gifts store.
- PayPal cash MasterCard.
These are just some innovations of PayPal.
Even though PayPal is not a bank it still has some customer protection regulations by which banks are governed. For example, under banking regulations, the extent of your liability for an unauthorized transaction is determined by how quickly you notify your bank that unauthorized activity has occurred in your account. So with PayPal, you have to also notify them of such transaction for them to take imminent action. PayPal takes your security very serious that they hire hackers to find vulnerabilities in its system.
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The PayPal Credit which was formerly known as bill me later is a payment method that is offered by many websites as well as well-known merchants. As a seller using PayPal you can offer this method to your customers. Your customer will be able to buy now and pay later using PayPal credit. Buying online use PayPal credit to shop online anywhere PayPal is acceptable and get six months special financing on purchases every time you shop.
You do not need to pay interest if paid in full in 6 months on purchases above $99 ninety-nine dollars and above if not interest will be charged to your account from purchase date. you can apply if eligible.