United States

Profile: PayPal Holdings Inc (PYPL.O)

PYPL.O on Nasdaq

17 Jan 2017
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PayPal Holdings, Inc. (PayPal), incorporated on January 30, 2015, is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. Its combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo, and Xoom products, comprise its Payments Platform. It allows its customers to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, including cross border transfers using several of these funding sources. It offers merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as access to funds. It helps merchants connect with their customers and manage risk. The Payments Platform connects with financial institutions around the world and allows consumers to make purchases using a range of payment methods, regardless of where a merchant is located. Consumers using its Payments Platform can engage in cross-border shopping by sending payments in over 200 markets across the world and in over 100 currencies.

The Company enables consumers to exchange funds with merchants using their PayPal digital wallet. The Company's digital wallet provides consumers with the ability to draw funds from various financial resources, which may include both internal sources of funds (such as a PayPal account balance or PayPal Credit account) and sources of funds that are external to PayPal (such as bank transfers, credit and debit cards or gift cards), within one application. It offers trust and security programs, including PayPal's Buyer Protection Program, that provide protection to consumers for qualifying purchases by reimbursing the consumer for the full amount of the purchase if a purchased item does not arrive or is different than the seller's description. PayPal offers person to person (P2P) payment solutions through its Website, its PayPal mobile application, through Venmo, a mobile application that enables payment transactions between non-merchant account holders, and through Xoom, a service enabling payments from customers in the United States to family and friends using their mobile phones or computers. Xoom offers money transfer services from the United States to over 40 countries, cross-border bill payment services from the United States to over seven countries, and prepaid mobile phone reload services in approximately 30 countries.

The Company provides the ability for consumers to receive a line of credit through its PayPal Credit consumer products. Consumers access this credit through their PayPal account or directly with merchants. A merchant can typically open a standard PayPal account and begin accepting payments through PayPal. The Payments Platform offers various value-added services designed to help businesses of all sizes manage their cash flow, invoice clients, pay bills, and manage the need for merchants to receive and store customer financial information. A merchant can also integrate with Braintree to begin accepting payments with credit or debit cards, PayPal, Venmo, digital currencies, such as Bitcoin, or other payment solutions with a single integration. The One Touch product allows consumers to authenticate their account during their first One Touch purchase. This enables them to skip the login process for future payments and turn shopping into a one touch operation with authentication. It provides the ability for merchants to offer (and consumers to fund) payments through a deferred payment option using its PayPal Credit consumer products. In addition, the PayPal Working Capital (PPWC) product provides merchants with a working capital advance, which is paid back to PayPal through a percentage of a merchant's sales that PayPal processes.

The Company competes with Visa, MasterCard, American Express, Amazon.com, Wal-Mart, Merchant Customer Exchange (MCX), Apple, Google, Facebook, MoneyGram, Western Union, Global Payments, Inc. and Euronet.

Company Address

PayPal Holdings Inc

2211 N 1st St
SAN JOSE   CA   95131-2021
P: +1408.9677400
F: +1302.6555049

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