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Digital economy occupies only 3% of the world’s economy today. But even with this small percentage, it has a net worth of 3 trillion dollars in total which is more than the total GDP of the UK.

But it doesn’t stop there and today online businesses have become the fastest-growing economy.

Online businesses frequently require electric money transections and for that, we need online payment methods that can be used to pay.

PayPal comes into play as a digital payment method at this point. It’s probably the most famous payment method for digital currency transactions.

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What is PayPal?

PayPal is a global online payment system operated by PayPal Holdings, Inc. PayPal supports electronic money transfer in almost all regions of the world. Currently, it’s the most popular and most used digital payment system in the world.


Origin of PayPal

Luke Nosek, Peter Thiel and Max Levchin established a software company named Confinity In December 1998.

In 1999, they launched a new digital payment system for electronic money transactions after their previous business model failed.

Confinity merged with the online banking company named founded by Elon Musk in March 2000. The company was initially called X.Com after merging but soon they changed the name to PayPal.

Meanwhile, Elon Musk was wise enough to predict the future of online businesses and digital payment system. So that’s why in October 2000, he started focusing all of the company efforts and resources to the electronic money transfer method developed by confinity.

In 2001 the company was renamed as PayPal after Peter Thiel became the CEO instead of Elon Musk.

On 3 October 2002, eBay purchased PayPal for 1.5 billion dollars and most of the eBay users started to use PayPal for purchase. The popularity of PayPal increased even faster than eBay.

Currently from 2015, PayPal is a completely separate company from eBay.

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Why Use PayPal?

If you purchase a service or some product from the web, you need to pay it with digital currency. To make the transaction you must use a payment method that supports digital money.

But there are many other payment systems like this so why PayPal?

One of the reasons is because PayPal is a widely accepted payment method. Approximately 200 countries and 26 currencies are supported by PayPal. So you can use it to pay and receive payment from almost anywhere in the world.

When you pay for something from PayPal you don’t have to go through the hassle of converting currency. Something that you have to do if you use credit cards for payment.

PayPal is also a faster method for sending money with a user-friendly website and mobile app.

You don’t have to enter all of your info while paying for something. PayPal makes the process easier and shorter for you.

Security is something you don’t have to worry about when you are using PayPal.

When you are from logging into your account to receiving or sending money, every bit of your personal information is safe and secure when you are using PayPal.

PayPal is also very cost-efficient.

You can open the account for free and there also no monthly or annual fee for membership. You won’t also have to pay for any kind of service charges. So you get to keep most of your payments.


Can I Buy PayPal Account?

Although PayPal account is free, sometimes you can’t use one if your region is not supported by it.

I that case you have to buy an account that someone else created from a supported region.

With that in mind, we decided to create a service where we provide you with PayPal accounts without any kind of regional restrictions.


So what do you think about PayPal?

Don’t forget to give us your feedback.

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