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PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as cheques and money orders.

PayPal is a type of person-to-person payment service (P2P). A P2P payment service allows anyone with an e-mail address to transfer funds electronically to someone else with an e-mail address. The initiator of an electronic funds transfer via PayPal must first register with and fund their PayPal account. A PayPal account can be funded with a check or money order, an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.

PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type. [1] On October 3, 2002, PayPal became a wholly owned subsidiary of eBay.[2] Its corporate headquarters are in San Jose, California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska, Scottsdale, Arizona; and Austin, Texas in the U.S.; India; Dublin, Ireland; and Berlin, Germany, and now also in Tel-Aviv, Israel after PayPal acquired an Israeli startup called FraudSciences [1] for $169 million.[3] As of July 2007, across Europe, PayPal also operates as a Luxembourg-based bank.

Beginnings

The current incarnation of PayPal is the result of a March 2000 merger between Confinity and X.com.^[4] Confinity was founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek, initially as a Palm Pilot payments and cryptography company.^[5] X.com was founded by Elon Musk in March 1999, initially as an Internet financial services company. Both Confinity and X.com launched their websites in late 1999. Both companies were located on University Avenue in Palo Alto. Confinity's website was initially focused on reconciling beamed payments from Palm Pilots^[6] with email payments as a feature and X.com's website initially included financial services with email payments as a feature.

At Confinity, many of the initial recruits were alumni of The Stanford Review, also founded by Peter Thiel, and most early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin. On the X.com side, Elon Musk recruited a wide range of technical and business personnel, including many that were critical to the combined company's success, such as Amy Klement, Sal Giambanco, Roelof Botha^[7] of Sequoia Capital, Sanjay Bhargava and Jeremy Stoppelman.^[8]

To block potentially fraudulent access by automated systems, PayPal devised a system (see CAPTCHA) of making the user enter numbers from a blurry picture, which they coined the Gausebeck-Levchin test. According to Eric M. Jackson, author of the book The PayPal Wars, PayPal invented this system now in common use; however, there is evidence AltaVista used a CAPTCHA as early as 1997, before PayPal existed.^{[citation needed]} The neutrality of The PayPal Wars, which was self-published by Eric Jackson through his company World Ahead Publishing, funded in part by Peter Thiel, is disputed. In either case, the PayPal CAPTCHA has been proven insecure.^[9]

eBay watched the rise in volume of online payments and realized its fit with online auctions. eBay purchased Billpoint in May 1999, prior to the existence of PayPal. eBay made Billpoint its official payment system, dubbing it "eBay Payments," but cut the functionality of Billpoint by narrowing it to only payments made for eBay auctions.

For this reason, PayPal was listed in several times as many auctions as Billpoint. In February 2000, the Paypal service had an average of approximately 200,000 daily auctions while Billpoint (in beta) had only 4,000 auctions. By April 2000, more than 1,000,000 auctions promoted the PayPal service. PayPal was able to turn the corner and become the first dot-com to IPO after the September 11 attacks.

Acquisition by eBay

In October 2002, PayPal was acquired by eBay for $1.5 billion.^[10] PayPal had previously been the payment method of choice by more than fifty percent of eBay users, and the service competed with eBay’s subsidiary Billpoint, Citibank’s c2it, whose service was closed in late 2003, and Yahoo!'s PayDirect, whose service was closed in late 2004. Western Union announced the December 2005 shut down of their BidPay service but subsequently sold it in 2006 to CyberSource Corporation. BidPay announced it would cease all operations on 31 December 2007, and it did. Some competitors which offer some of PayPal’s services, such as Wirecard, Moneybookers, 2Checkout, CCNow and Kagi, remain in business, despite the fact that eBay now requires everyone on its Australian and United Kingdom sites to offer PayPal.^[11][12]

PayPal’s total payment volume, the total value of transactions, was US$11 billion in the fourth quarter of 2006, an increase of 36% over the previous year. The company continues to focus on international growth and growth of its Merchant Services division, providing online payments for retailers off eBay.

Merchant Referral Bonus Program

Spread the Word About PayPal and Earn Extra Cash!

As a PayPal user, you can collect up to $1,000.00 USD for each new merchant you refer. The Merchant Referral Bonus program rewards you for bringing new businesses to PayPal.

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Start Referring Merchants Today — It's Easy

Here's how to get started:

• Log in to your PayPal account
• Get your personalized referral link to send out in emails, add as a banner to your website, or incorporate into your e-commerce application.
• Each time a new merchant signs up for a PayPal Business or Premier account via your link or banner, you'll immediately start receiving 0.5% of their payment volume - up to $1,000.00 USD.

Note: The Merchant Referral Bonus program is designed to reward referrals of non-eBay merchants. As a result, payments received for eBay items will not contribute toward the Merchant Referral Bonus.

Merchant Referral Bonus Terms and Conditions

For more information, visit our Merchant Referral Bonus FAQs page.

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Awal pendirian

PayPal Corp. sebenarnya adalah sebuah perusahaan hasil penggabungan antara Confinity dengan X.com yang dilakukan pada tahun 2000. Confinity didirikan pada bulan Desember 1998 oleh Peter Thiel dan Max Levchin dengan tujuan awal sebagai perusahaan perantara pembayaran Palm Pilot dan penyedia layanan kriptografi. Adapun X.com didirikan oleh Elon Musk pada bulan Maret 1999 sebagai penyedia jasa perencanaan keuangan. Kantor pusat kedua perusahaan ini mulanya terletak di 165 University Avenue, Palo Alto, California, Amerika Serikat.

Akuisisi oleh ebay

Melihat masa depan PayPal yang menjanjikan, ebay menyimpulkan PayPal cocok digunakan sebagai perantara pembayaran lelang online mereka. Sebelumnya, ebay telah membeli Billpoint pada bulan Mei 1999 dan menjadikannya sebagai perantara pembayaran satu-satunya yang diakui oleh ebay walaupun pilihan untuk menggunakan metode pembayaran lain masih diizinkan. Pada bulan Februari 2000, rata-rata ada sekitar 200.000 penawaran barang per hari yang menggunakan PayPal, sedangkan yang menggunakan Billpoint hanya mencapai 4.000 penawaran saja. Bahkan pada bulan April 2000, sudah ada lebih dari satu juta penawaran yang menggunakan PayPal.

Akhirnya pada tahun 2002, ebay mengakuisisi PayPal seharga US$ 1,5 miliar. ebay belakangan menghapus layanan pembayaran melalui Billpoint untuk meningkatkan potensi PayPal. Banyak pesaing utama PayPal yang akhirnya bangkrut atau dijual, seperti Citibank C2IT yang ditutup pada akhir 2003, Yahoo! PayDirect yang tutup pada akhir 2004, dan layanan BidPay milik Western Union yang ditutup pada tahun 2005. Pesaing PayPal lain yang masih bertahan hingga sekarang antara lain adalah AlertPay, e-gold, Kagi, dan Moneybookers.

Pada kuartal pertama 2006, total transaksi yang dilakukan melalui PayPal mencapai US$ 8 miliar, meningkat 41% dari tahun ke tahun.

Kita juga dapat mengambil program referal bonus dari paypaldapat memberikan tambahan masukan atau uang. Tentunya terlabih dahulu kita menjadi pengguna paypal yang memiliki account tentunya telah diverifikasi oleh paypal.
caranya cukup mudah :
1. Log in ke paypal dan masuk ke akun kalian
2.verifikasi paypal
3. lihat di bagian bawah akun kalian click yang bertuliskan referal.
4. setelah masuk ke halaman referal kalian, kalian akan mendapatkan kode referal yang dapat kalian letakkan di blog atau website kalian.
gambar referal dapat kalian lihat seperti dibawah ini: