It was founded by Peter Thiel, Luke Nosek, and Max Levchin in December 1998 as Paypal’s founder Confinity, targeting traditional paper methods such as checks and money orders. PayPal is headquartered in San Jose, California, USA.
It was later expanded to other services such as money transfers, withdrawals, paying bills and subscriptions, and everything related to virtual transactions.
It is an online payment system, initially for auctions, shopping, and merchant payments.
