paypal

Topics: PayPal, Electronic commerce, Money Pages: 9 (2152 words) Published: July 30, 2014
Table of content

1.0 Introduction ………………………………………………………………………………..2 2.0 The history of success ……………………………………………………………………...3 3.0 PayPal – increasing to globalization ………………………………………………………5 4.0 Why our choice is PayPal? Do you use PayPal? ................................................................6 5.0 Conclusion ………………………………………………………………………………….8 6.0 References …………………………………………………………………………………..9

1.0 Introduction

The payment system PayPal is now one of the most famous and sought-after on the Internet. Its main difference is that it does not work with the title characters and the electronic equivalent of a currency, but with real money. PayPal is a kind of financial instrument that connects the plastic, credit card or any bank account with a user account on the system, which makes it possible at any moment to replenish their balance in the system, to make any payments, withdraw money.

1.0 The history of success
PayPal - is the largest electronic money system in the world designed to make payments on the Internet. PayPal is making it possible for users to make their money into your account using a mobile phone connected to the Internet. In 1998, Max Levchin, Luke Nosek, and Peter Thiel founded the company Confinity, whose task was to develop cryptographic applications that might be used in the implementation of electronic payment transactions using mobile phones. This project is interested in several investors - Deutsche Bank, which has invested in the project, is $ 1.5 million, and Nokia Ventures - they implemented an infusion of $ 3 million. In 1999, Elon Musk founded the company X.com Corporation, which was engaged in a variety of financial services on the Internet. Considering the needs of the market, the developers of the company is mainly focused on the creation of an electronic payment system via e-mail. In November 1999 there was a merger of the two companies - X.com Corporation and Confinity, resulting in a new company - PayPal Ink. Officially, the company PayPal launched just over a year - in February 2000, the site was set up PayPal.com Here is some strategic ways which PayPal use to got success in business: Active and intelligent campaign, which promotes the benefits of electronic payment system PayPal became to the fact that a large number of investors, among which were the major U.S. banks, interested in the project. As a result, the development of e- money system PayPal has invested 23 million dollars, and the rapid development of the Internet has played into the hands of the founders of the company - a large number of users of the system who appreciate the convenience of this form of transaction. Within six months of the payment system PayPal enjoyed a half million people, the turnover amounted to two million dollars, and more than one million of the world of auctions used this system for their monetary transactions. Registration has opened PayPal convenience and new opportunities for different market participants. At the same time the system was introduced improvements - was possible to invest PayPal, and receive monthly dividends. In February 2002, the U.S. stock market, PayPal will put shares at $ 900 million. And in 2006, the electronic payment system PayPal was awarded the "Best Financial Site ". A year later, the system had available for users of PayPal in Russia, Ukraine, Azerbaijan and Kazakhstan. In 2008, PayPal has released a card PayPal Top Up, which allowed the system to attract a new range of customers and has made it possible to provide services in off-line mode. PayPal become famous revolution in the world of information technology, as allowed to make payments instantly even with a regular mobile phone. In order to send or receive money, do not need to do anything to make out - enough to activate and send a message Today, the remarkable system PayPal - the undisputed leader in its sector and so far no one service does...
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