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Confinity Founded
Peter Thiel et al established Confinity, a company that developed security software for handheld devices. -
PayPal Service Launched
Confinity launches a fully functional website for PayPal -
eBay Launched Billpoint
eBay launched its own payment service Billpoint to compete with PayPal -
Confinity & X.com Merged
Confinity and X.com merge. The combined entity, initially called X.com, later changes its name to PayPal -
Huge Weekly Loss
PayPal started to lose US$1 million per week -
Developed Business Accounts
Develop accounts for business users -
IPO at NASDAQ
PayPal has its initial public offering. The valuation of the company is about $800 million. -
eBay Acquired PayPal
eBay acquired PayPal in July 2002 for 1.5 billion. -
PayPal Merchant Services
PayPal launched merchant services to provide payment solutions to small and large e-commerce merchants -
PayPal Acquired VeriSign
PayPal further increases their security through their acquisition of VeriSign's payment gateway which entails a two-factor authentication before logging on to a system -
Google Launched Payment Service
Google announced that they will begin to facilitate payments on Google Base and launched their own payment service -
Launched PayPal Mobile
Launched PayPal Mobile, which allowed users to make payments using text messaging on their cell phones -
PayPal Acquired Fraud Science
PayPal acquires Fraud Sciences, a privately held Israeli start-up company with expertise in online risk tools, for $169 million, in order to enhance PayPal's proprietary fraud management systems. -
PayPal Acquired Bill Me Later
PayPal acquires Bill Me Later, an online payments company offering transaction credit at over 9000 online merchants in the US. -
Launched Micropayment for Digital Goods
PayPal unveiled micropayments for digital goods, with Facebook as its first customer -
Reached 100 Million Users
PayPal reaches 100 million users. -
Money Market Product Closed
PayPal closed its money market fund due to its low attractiveness to customers -
Launched PayPal Here
PayPal launched PayPal Here, its new global payment platform for small and medium-sized businesses, with a swipe-free option for customers. -
Braintree Acquired Venmo
Braintree, a payments company, purchased Venmo, a start-up on P2P payment, to challenge PayPal -
PayPal Acquired Braintree
PayPal acquires payments gateway company Braintree for $800 million USD in cash -
Google Store Accepted PayPal
The Google Play Store adds PayPal as a payment option, despite it being a direct competitor to Google Wallet. However, PayPal can only be used to buy apps and digital content, not devices and accessories. -
Enabled Bitcoin Transaction
PayPal enables Bitcoin transactions for merchants selling digital goods, claiming that it would earn transaction revenue through referral fees. Bitcoin's price rises rapidly in response to the announcement. -
Spun Off from eBay & Listed on NASDAQ
PayPal has officially spun off from its parent company eBay. PayPal was trading around $38.63, valuing PayPal at $47 billion. -
Launched PayPal.me P2P Payment
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Joined Fortune 500 List
PayPal had joined the Fortune 500 for the first time
