Milestones

Dec 1998 Max Levchin and Peter Thiel create a new payments business called Confinity

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Today, we are committed to that same mission with a singular focus on making it faster, safer and more efficient for people to move and manage money. And, we continue to innovate to create products and services that power the potential of millions of people and businesses globally.

More than 15 years ago, PayPal was founded with the goal of making it easier to use money.

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Oct 1999 PayPal officially launches

Mar 2000 Platform hits 1M users; Confinity merges with Elon Musk’s X.com

Oct 2002 eBay acquires PayPal

Dec 2004 PayPal revenues surpass $1 billion

Jan 2008 PayPal acquires Fraud Sciences

Apr 2006 PayPal goes mobile with text payments

Oct 2008 eBay Inc. acquires Bill Me Later and combines it with PayPal

Mar 2010 PayPal introduces Send Money app for iPhone, which is downloaded a million times in less than three weeks

Dec 2011 PayPal international revenue surpasses domestic revenue

Jun 2014 PayPal adds 10 new countries and is now available in 203 markets

Aug 2014 PayPal launches One Touch payments

Apr 2015 PayPal acquires Paydiant and CyActive

Jul 1999 Nokia Ventures beamed $4.5 million in funding from a Palm Pilot

Apr 2000 First customer service center opens

Feb 2002 PayPal IPO

May 2004 PayPal launches its first APIs

Oct 2005 PayPal Acquires VeriSign’s Payment Gateway

May/Nov 2007 PayPal is granted a banking license in Luxembourg and establishes international headquarters in Singapore

Nov 2009 PayPal opens its global payments platform, PayPal X

Jul 2011 PayPal acquires Zong

May 2012 PayPal launches in store with PayPal Here

Sep 2013 PayPal acquires Braintree

Sep 2014 PayPal and eBay announce they will become two independent companies, and Dan Schulman is appointed president and CEO-designee of PayPal

Jun 2001 X.com changes name to PayPal

Jun 2011 100 million active accounts

Merchant Services launch on iTunes Store

Jun 2003 People’s Voice Webby Award