A Collection of Articles Tell The Story of PayPal
This post contains an abundant collection of hand-picked articles that reveal the whole story of Paypal! But first, a brief introduction before you get to the article section
In 1999 PayPal was voted one of the worst business ideas. Looking at it today, processing over three hundred million dollars and around five million transactions each day, plus 72% of online shoppers in the United States having a PayPal account, no one today can say this was a bad idea!
It was December of 1998 in Palo Alto California, that PayPal originally called “X,” was founded by six talented individuals; Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan, and Russel Simmons.
Today, in North America, the company employs around 13,000 people. The company had a net income of over two billion US dollars in 2019.
From 100,000 to 286 million users, here’s how that started.
A brilliant marketing campaign gave the company a huge boost. It cost the company between 60-70 million dollars, which allowed them to acquire 100,000 customers the month they launched the site. The campaign consisted of giving every new signup a small cash reward and if you referred a friend you would also get a referral fee.
Naturally, this campaign was successful because of the planning, execution, and marketing budget available.
Keep in mind even though you have customers you need to have a working model to be successful. What’s the use of having 100,000 customers if you have nothing to offer them. I’m sure the company had to go through the growing pains, to sell the idea and get people to use the system on both ends, customers, and merchants.
I love using PayPal, it’s convenient, I don’t have to give out my credit card when making a purchase, and I can get a report for all my transactions any time.
Another very impressive feature I like is that you can sign up for subscriptions for anything from information, to products, and services that you can cancel with a click of a button, no questions, no hassles.
See the article section below, find out the complete story of PayPal, and how it went from a startup to being purchased by eBay and then spun off again in 2015 to its own company.
Sections Included in this Post:
- The History of PayPal
- PayPal Founders
- PayPal Executives
- The PayPal Mission Statement
- PayPal Divisions And Subsidiaries
- PayPal Ownership And Investors
- Facts About PayPal
- PayPal Reports And Financial Statements
- Business Strategies Used By PayPal
- Revenue Strategies
- The Main Competitors of PayPal
- Target Market & Marketing Strategies
- Products & Services Offered By PayPal
- PayPal Employee Relations
- PayPal Company Culture
- The Reputation of PayPal
- PayPal Company Complaints
- Inside The Success of PayPal
- PayPal Articles And Stories of Interest
- Books Related to PayPal
- The Latest About PayPal
- Tweets Related To PayPal
- Videos Related To PayPal
If you find this post useful please consider sharing it. Thanks!
The History of PayPal
The PayPal Mission Statement
PayPal Divisions And Subsidiaries
PayPal Ownership And Investors
Facts About PayPal
PayPal Reports And Financial Statements
Business Strategies Used By PayPal
The Main Competitors of PayPal
Target Market & Marketing Strategies
Products & Services Offered By PayPal
PayPal Employee Relations
PayPal Company Culture
The Reputation of PayPal
PayPal Company Complaints
Inside The Success of PayPal
PayPal Articles And Stories of Interest
Books Related to PayPal
The Latest About PayPal