Who Is The Company Behind PayPal?

PayPal Inc. is a private Internet company based in Palo Alto, California in the United States. It is the company behind PayPal.

PayPal Inc. is a company that belongs to the electronic commerce (e-commerce) industry. It allows people to make payments and transfer money online and process payments to online vendors, auction sites and other corporate users for a nominal fee. These transactions through the Internet are faster and less time-consuming than transactions involving cash and bank accounts. It also minimises the use of paper to a great extent and allows people to use plastic money (i.e. credit cards) to make their payments. PayPal advises its users to be careful and not disclose their personal details or credit card information online, lest it attracts the attention of unscrupulous people who want to indulge in a cyber-crime or an Internet fraud. It is difficult to detect fraudulent practices online and curb them.