PayPal, an eBay company, is an all-in-one
secure payment solution that enables any individual or business with an email address to send and receive money online. PayPal lets eBay sellers offer buyers multiple ways to pay, including all major credit cards, debit cards, bank transfers or more. It is the preferred payment method by millions of buyers and sellers on eBay.
As a global leader in online payment solutions, PayPal
has more than 143 million members worldwide and a total payment
volume of US$38 billion (SG$60 billion) in 2006 - approximately 5
percent of global online consumer ecommerce. Available in 190
countries and regions around the world, and in 17 currencies, buyers and sellers on eBay, online retailers, online businesses, as well as traditional offline businesses are transacting with PayPal.
PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and uses the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment service.
PayPal has received nearly 20 awards for technical excellence from the Internet industry and the business community at large, most recently the 2003 Webby Award for Best Finance Site and the 2003 Webby People's Voice Award for Best Finance Site.
PayPal was acquired by eBay Inc. in October 2002. | 
