Also found in: Acronyms, Wikipedia.


A Web payment processing service from PayPal, San Jose, CA ( Founded in 1998 and acquired by eBay in late 2002, PayPal was spun off as an independent company in 2015. Customers with PayPal accounts can pay for merchandise by bank account or credit card on any website that accepts PayPal, and their financial data are not revealed to the merchant.

E-Commerce for Small Sites
PayPal's Web Payments Standard service hosts the processing on PayPal servers. Merchants add buttons on their order forms that link the customer to PayPal, although the merchant's logo is on the page. PayPal performs the credit card processing and returns the customer to the merchant's site with an approval or denial.

Gateways to Merchant Services
For retail sites that prefer order forms with their own site's custom look, PayPal's Web Payments Pro offers gateways to PayPal credit card services or to a merchant's existing credit card service provider.

Send Money Free
Individuals with PayPal accounts can send money to anyone with a bank account and email address. If recipients do not have a PayPal account, they are asked to open one when they receive notification that funds have been sent and are pending.

A Huge Success
In 2002, the company went international, allowing its customers to accept payments in euros and pounds. It operates throughout the world with more than 240 million account holders.
References in periodicals archive ?
Bahrain Islamic Bank (BisB) and PayPal announced new services that BisB customers and merchants can accessed exclusively through BisB's online banking and mobile banking app to get an unprecedented access to e-commerce and online retailers.
MANAMA: Bahrain Islamic Bank (BisB) announced new services under which the bank's customers and merchants can access additional services provided by PayPal, one of the world's most trusted and innovative online payments platforms.
Users can now send invoices using PayPal on Facebook Messenger, the digital payment (https://www.
PayPal (NASDAQ: PYPL) customers in the US can now earn cash back on every purchase online and in stores with the launch of the new PayPal Cashback Mastercard issued by Synchrony Bank, the company said.
and Xoom Corporation have signed an agreement under which PayPal will acquire Xoom for $25 per share in cash or an approximate $890 million enterprise value.
MyCheck and PayPal has been partnered to let customers to pay at the table using the PayPal app.
PayPal says the new look reflects its simplicity, convenience and security, redesigned for today's mobile-first world.
As a way of facilitating transfers of money over the Internet, PayPal (www.
Online fundraising firm Convio and payment processing system PayPal announced an agreement that will enable nonprofits to implement PayPal to collect donations online.
New Delhi, Dec 2 (ANI/Business Wire India): PayPal today unwrapped its holiday promotions for 2009 with the start of two festive promotions; the PayPal Crazy Hour and the PayPal WishList.
American Airlines (NYSE:AMR) is now enabling customers in the UK to pay for tickets using PayPal when booking on the airline's website at http://www.