5 Interesting Facts About PayPal

5 Interesting Facts about PayPal

Even though there are several companies that compete with PayPal today, it is still one of the most well-known and most used platforms in the online payment world.

Despite its widespread use, there are still some things that many people don’t know about the brand and its services. In this blog post, we will share five interesting facts about PayPal. Keep reading to learn more!


PayPal Was Once Owned by eBay, and They Bought Them Pretty Early

PayPal was once owned by eBay in the early days of the company. In fact, PayPal was one of eBay’s first acquisitions. eBay bought PayPal in 2002 for $1.5 billion.

At the time, PayPal was a pretty small company, with around 20 employees, but it was growing fast with a lot of potential.

Since then, PayPal has grown into a massive company. They now have over 200 million users and are worth over $50 billion.


The Logo Went Through a Lot of Changes

The first logo of PayPal was a basic white wordmark with a blue frame released in 1999. In 2007, PayPal’s second logo substituted the original. The white wordmark model was replaced with an all-blue logo. The new logo was represented by two blue tones, one being light blue, and the other being a darker shade of blue. PayPal decided to rebrand once again in 2014, making the brand more modern by changing two shades of blue.

But perhaps the most effective decision PayPal took was the creation of the symbol for their brand. This obviously refers to the two overlapping double Ps in the two different shades of blue. This made the brand more current and showed the brand’s prominence on the market. Nowadays, when we see the PayPal symbol, it’s enough to recognize their brand.


PayPal’s Former Early Employees and Founders Are Known as the ‘PayPal Mafia’

The PayPal mafia is a group of former early employees and founders of PayPal who have since gone on to found or co-found numerous successful startups.

These companies include but are not limited to Tesla, SpaceX, LinkedIn, Palantir, and Yammer.

The PayPal mafia, according to Brad Stone in his book, The Everything Store, is often cited as an example of the power of networks and the importance of maintaining strong relationships with former colleagues.


PayPal is Available in More Than 200 Countries and Supports 25 Different Currencies

PayPal is a fantastic way to send and receive money internationally. It’s available in more than 200 countries and supports 25 different currencies, making it a convenient option for online shopping and money transfers.

You can even use PayPal to book hotels, flights, rent cars, and play casino with PayPal UK. All you need is an email address and a credit or debit card because PayPal charges a small fee to convert the currency.


PayPal Owns Several Other Brands

PayPal is one of the most popular payment processors globally and owns several other brands, including Xoom, TIO Networks, and Braintree. PayPal has made several acquisitions over the years, the most notable being the purchase of Xoom for $1.9 billion in 2015.

PayPal also operates a joint venture with eBay, called eBay Payments, which allows eBay users to use PayPal to buy and sell on the site.


Final Thoughts

PayPal is a great way to pay for items while online. It’s also an extremely helpful way to keep track of your spending and budget. We hope the aforementioned interesting facts about PayPal were worth your attention!

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