In October 2007, PayPal opened a data service office on the north side of Austin, Texas, and also opened a second operations center in La Vista, Nebraska that same year. PayPal opened a technology center in Scottsdale, Arizona in 2006, and a software development center in Chennai, India in 2007. The PayPal European headquarters are located in Luxembourg and the international headquarters are in Singapore. Since July 2007, PayPal has operated across the European Union as a Luxembourg-based bank. The company's operations center is located in Omaha, Nebraska, which was opened in 1999. PayPal's corporate headquarters are located in the North San Jose Innovation District of San Jose, California, at North First Street campus. The company ranked 204th on the 2019 Fortune 500 of the largest United States corporations by revenue. In 2015, eBay spun off PayPal to eBay's shareholders. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. It charges a fee in exchange for benefits such as one-click transactions and password memory.Įstablished in 1998 as Confinity, PayPal had its initial public offering in 2002. The company operates as a payment processor for online vendors, auction sites, and many other commercial users. is an American company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods like checks and money orders.
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