PayPal Deposit Method
Paypal as a Casino Deposit Method
Paypal was started in 1998 by two people named Peter Thiel and Max Levchin. Originally, Paypal came from two previous companies that were named Confinity and X.com. Confinity was a company whose primary focus was cryptography while X.com was focused on financial services. Eventually, the two companies merged in 2000 and became known as Paypal a year later. However, eBay bought out Paypal in late 2002. During that time, Paypal already had 60% of their customers coming from eBay. Interestingly enough, eBay is currently talking about leaving Paypal. At the time, Paypal had over 153 million accounts and is able to transact 17 different currencies. Now, that number is over 163 million accounts and 50 different currencies.
Today, it’s the most popular online payment processor. The online payment processor is available all around the world, including Australia, Canada, and the United Kingdom. Paypal’s headquarters are located in San Jose, California, Luxembourg, and Singapore. The company’s revenue reached $2.16 billion in 2014, with a growth of 18% every year. Their loss rate is very low, averaging out to only 0.32%. Paypal is used by a large variety of people, including lawyers, businesses, employees, and employers. The payment processor works by linking someone’s credit or debit card to their Paypal account, making it easy to deposit funds directly into their bank account.
Paypal now has made apps that make online transactions a whole lot easier. A simple transaction can now be made with a push of a button. According to a 2014 survey, about 45% of people use this mobile app to make Paypal transactions. One of these methods includes scanning a product with a smartphone and paying for it with Paypal. Rather than using credit or debit cards, many see Paypal as a safer way to purchase online goods. This is probably due to the fact that Paypal digitally encrypts all private information. As a result, more websites are starting to accept Paypal payments. In fact, many freelancing websites use this payment method. Paypal’s simplicity and security is responsible for making it a long-term, successful company. Ebay’s future split from Paypal in 2015 is said to drastically help both businesses.