Entity: PAYPAL
PayPal is an American company that operates secure online payment methods, allowing users to pay for things on the internet using credit cards. It serves as a virtual wallet for storing digital payment methods like credit cards and bank accounts.
PayPal
Etymology
The name 'PayPal' is a combination of 'pay' and 'pal', emphasizing its function of facilitating payments between individuals.
Definition
PayPal is a secure online payment platform that allows users to pay for goods and services on the internet using credit cards and other digital payment methods.
Historical Context
Founded in March 2000, PayPal has become a leading e-commerce company specializing in online money transfers and electronic commerce.
Cultural Significance
PayPal is widely used for its secure payment methods and ease of sending money between individuals, making it a key player in the digital economy.
Related Concepts
- Electronic commerce
- Online payment systems
- Digital wallets
See Also
A secure online payment platform that facilitates electronic commerce and money transfers between individuals.