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The Evolution of PayPal

  • Confinity Establishment

    Confinity Establishment
    Founded by Max Levchin, Peter Thiel, and Luke Nosek, the company Confinity was established
  • PayPal Establishment

    PayPal Establishment
    After merging with X.com, Confinity creates PayPal, an online payment service, as launched by Elon Musk.
  • PayPal Website Launch

    PayPal Website Launch
    Confinity launches a fully functional website for PayPal
  • PayPal Payment Security (1)

    PayPal Payment Security (1)
    PayPal introduces a paid, premium, service/accounts that require verification and offers the guarantee against fraud.
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    PayPal Payment Security (2)

    In the road to reducing fraud, Max Levchin introduces 'CAPTCHA' (Completely Automated Public Turing test to tell Computers and Humans Apart) to PayPal, making this the web's first implementation of the program, and a similar program that freezes online activity in any suspicions of fraud.
  • ebay-PayPal Partnership Announcement

    ebay-PayPal Partnership Announcement
    eBay announces that they will acquire PayPal's services ad use this as eBay's method of payment
  • eBay-Paypal Partnership Launch

    eBay-Paypal Partnership Launch
    eBay's acquisition of PayPal's services are made official and are finalised
  • PayPal's VeriSign Acquisition

    PayPal's VeriSign Acquisition
    PayPal further increases their security through their acquisition of VeriSign's payment gateway which entails a two-factor authentication before logging on to a system
  • PayPal-MasterCard Partnership

    PayPal-MasterCard Partnership
    MasterCard users will be be able to pay via PayPal on websites that enable them to pay with MasterCard.
  • PayPal Security Upgrade

    PayPal Security Upgrade
    PayPal upgrades fraud security with an Israeli company, Fraud Science, for $170 million.
  • PayPal-Bill Me Later Acquisition

    PayPal-Bill Me Later Acquisition
    Online payment company, Bill Me Later, is acquired by PayPal. This allows users to make purchases without the use of a credit card.
  • PayPal Student Accounts

    PayPal Student Accounts
    Paypal launches student accounts that parents can set up, transfer money into, and will allow teens to own a debit card.
  • PayPal Open Service

    PayPal enables users to create online transactions with others/peers using the company's service.
  • User Count: 100 Million

    User Count: 100 Million
    PayPal reaches 100 million users worldwide
  • Paypal Payments

    In favour of small businesses, PayPal launches numerous forms of payment offline, online, and on mobile.
  • PayPal 'InStore' UK Release

    PayPal 'InStore' UK Release
    Paypal InStore, a new feature in PayPal's mobile app that allows users to pay with their phone using a barcode (with no NFC), is released in the UK.
  • PayPal Gift Cards

    PayPal Gift Cards
    PayPal launches prepaid gift cards in preparation for the holidays.
  • Google Play Store Acquisition

    Google Play Store Acquisition
    Google Play Store adds PayPal as another payment option for purchasing apps and content only.
  • PayPal Credit

    PayPal Credit
    PayPal renames 'Bill Me Later' to PayPal Credit
  • PayPal-Xoom Acquisition

    PayPal-Xoom Acquisition
    Xoom, an online international money transferring application, has been bought by PayPal for nearly a billion dollars.
  • Paypal App Relaunch

    Paypal App Relaunch
    PayPal relaunches app with new designs