PayPal
PayPal sold itself to eBay for $1.5 billion in eBay stock on the 3rd of October 2002, only months after its own stock market debut. By 2022 the company operated in 202 markets and counted 426 million active, registered accounts. Customers could send, receive and hold funds in 25 currencies.
That scale hides a modest and slightly odd beginning. The company did not start out as a payments network, and the people who built it did not agree on where it was headed.
This documentary follows several questions. How did a company that began as something other than a payments service become a global one? Why did a business so dependent on eBay end up separated from it? And why does a service built for convenience keep appearing in stories about frozen accounts, lawsuits and fraud?
In December 1998, Max Levchin, Peter Thiel and Luke Nosek founded a company called Fieldlink. It was later renamed Confinity and wrote security software for hand-held devices. That model brought no success, so the team pivoted to a digital wallet. The first version of the PayPal electronic payments system went live in 1999.
X.com had been founded in March 1999 by Elon Musk, Harris Fricker, Christopher Payne and Ed Ho. It was an online financial services company. In March 2000, it merged with Confinity.
Musk was optimistic about the money transfer business that Confinity was building. Bill Harris, then president and CEO of the combined X.com, was not convinced. Harris left the company in May 2000.
October 2000 brought the decisive change. Musk decided that X.com would shut down its other internet banking operations and concentrate on payments. That same month, Peter Thiel replaced Musk as CEO.
X.com took the name PayPal in June 2001. Its initial public offering followed in 2002 on NASDAQ, priced at $13 per share and raising over $61 million. The ticker symbol PYPL would later vanish and then return, tied to the deal that came next.
More than 70 percent of eBay auctions accepted PayPal, and roughly 1 in 4 closed listings were paid through it. PayPal became the default payment method for most eBay users. It still faced rivals, including eBay's own subsidiary Billpoint, Citibank's c2it, Yahoo!'s PayDirect and Google Checkout.
Former eBay CEO Meg Whitman described PayPal's rise as a three-phase strategy. In her words, "First, PayPal focused on expanding its service among eBay users in the US." Next came eBay's international sites, and last came a business built away from eBay altogether.
The first phase worked because auction sellers were mostly individuals or small businesses that could not take credit cards. Many could not qualify for a merchant account because they had no commercial credit history. Buyers liked the arrangement too. They could fund a PayPal account from a card or a bank balance without handing a card number to a stranger. To speed growth, PayPal deposited $10 into the accounts of new users.
Until 2000, PayPal planned to earn interest on the money sitting in its accounts. That plan failed because most recipients withdrew their funds immediately. Many senders also paid by credit card, which cost PayPal roughly 2% of each payment. The company shifted toward business accounts and service charges, and it offered sellers protection. In return, merchants had to keep traceable proof of shipping to a confirmed address, or a signed receipt for items worth over $750.
A late 2003 reorganization created Merchant Services, a unit aimed at e-commerce merchants outside the eBay auction community. From the second half of 2004, a string of initiatives followed. The fee for high-volume merchants fell from 2.2% to 1.9%, although the monthly volume needed to qualify rose to $100,000. The referral bonus for bringing in non-eBay merchants rose to a maximum of $1,000, up from a $100 cap. Gateway providers CyberSource and Retail Decisions USA were persuaded to offer PayPal. A new sales force pursued large merchants such as Dell, Apple's iTunes and Yahoo! Stores.
In 2005, PayPal bought the VeriSign payment solution to add security support. In 2007 it announced a partnership with MasterCard that produced PayPal Secure Card, software for paying at websites that do not accept PayPal directly. By the end of 2007, revenue had reached $1.8 billion. In January 2008 it bought Fraud Sciences, an Israeli start-up that built online risk tools, for $169 million.
By 2010, PayPal had over 100 million active user accounts in 190 markets. In August 2012, a partnership with Discover Card opened PayPal payments at seven million stores in the Discover network. Total payment volume for 2012 reached US$145 billion. PayPal accounted for 40% of eBay's revenue, which amounted to US$1.37 billion in the third quarter of 2012.
In 2013, PayPal bought Braintree, a Chicago payment gateway, and IronPearl, a Palo Alto engagement software startup. That same year, an activist investor named Carl Icahn began demanding a separation.
On the 30th of September 2014, eBay announced it would spin PayPal off as its own publicly traded company. The separation was completed on the 18th of July 2015. Two days later, the shares were relisted on Nasdaq under the old ticker.
Leadership changed along the way. In June 2014, David Marcus announced he was leaving his role as president. He had joined in August 2011, when PayPal acquired Zong, the company he had founded and led. Dan Schulman, formerly CEO of Virgin Mobile and an executive vice president at American Express, was named to succeed him.
On the 31st of January 2018, eBay said PayPal would stay a payment option after their agreement ended in 2020. It would no longer sit ahead of debit and credit card options, though. PayPal would stop processing card payments for eBay, which planned to work with Amsterdam-based Adyen.
On the 1st of July 2015, PayPal announced it would buy the money transfer company Xoom for $25 a share in cash, about $1.09 billion. Xoom brought 1.3 million active U.S. customers, who had spent about $7 billion in a twelve-month period ending on the 31st of March, sending money to people in 37 countries.
On the 1st of September 2015, PayPal launched PayPal.Me, a peer-to-peer service built around a custom link. Users could send the link by text, email or other messaging platforms to request funds. The link followed the pattern PayPal.me/username/amount. It launched in 18 countries, and PayPal counted 170 million users at that point.
On the 17th of May 2018, PayPal agreed to buy the Swedish payment processor iZettle for $2.2 billion. The company pointed to iZettle's in-store expertise and digital marketing strength. That same year, PayPal became a jersey patch sponsor of the Phoenix Suns. In March 2019 came a partnership with Instagram for a feature called Checkout on Instagram.
October 2019 brought a loss of $228 million on investments, largely because of a failed return on a $500 million investment in Uber. Then, on the 6th of January 2020, PayPal bought Honey for over $4 billion, its largest acquisition to date. In June 2020, it announced a $530 million commitment to support Black-owned businesses and minority communities in the United States.
In January 2021, PayPal became the first foreign operator with 100% control of a payment platform in China. A March 2021 international survey by Morning Consult found it was the second most trusted brand globally. In June 2022, Shopify partnered with PayPal to offer Shopify Payments to merchants in France.
February 2023 brought layoffs of 2,000 workers, or 7% of the workforce. Schulman was reported to be stepping away as CEO by the end of that year. In August 2023, the company named Intuit executive Alex Chriss as his successor, effective the 27th of September 2023.
August 2023 also saw the launch of PayPal USD, a U.S. dollar stablecoin. In November, the SEC opened a legal investigation into PayPal and Paxos, the trust that issues the coin. PayPal said it was cooperating with the subpoena. In October 2023, it sold its reverse logistics subsidiary, Happy Returns, to UPS for an undisclosed amount.
In 2024, executives said they aimed to revive growth in the branded checkout products, as competition from big tech increased. In January 2026, PayPal announced it would acquire Cymbio, a company specializing in agentic AI. In February 2026, Enrique Lores was appointed CEO, replacing Chriss.
That same month, a stock slide wiped out almost half of the company's value and attracted takeover interest from potential buyers. Shares jumped as much as 9.7 per cent on the news.
In November 2009, PayPal partly opened its platform. Other services gained access to more of its APIs and could use its infrastructure for peer-to-peer online transactions. That same year, PayPal began offering Student Accounts, which let parents set up an account, transfer money into it and obtain a debit card for a student. The program came with tools meant to teach careful spending. PayPal discontinued it in August 2016.
Black Friday of 2011 set a mobile record. Global mobile payment volume rose 538% compared with Black Friday 2010. In 2012, PayPal launched PayPal Here, a small business system pairing a free mobile app with a small card-reader that plugs into a smartphone.
A 2013 update to the iOS and Android apps let users search for local shops and restaurants that accept PayPal. They could also order ahead and reach their PayPal Credit accounts. One year after buying Braintree, PayPal introduced One Touch, which lets users pay with a single tap on participating merchants' sites and apps.
PayPal Credit began life as Bill Me Later, a credit company founded in 2000 and based in Timonium, Maryland. It offers an instant online revolving line of credit, subject to approval, at thousands of vendors that accept PayPal.
On the 21st of October 2020, PayPal announced that customers could use cryptocurrencies to shop at 26 million merchants starting in 2021. Paxos provides the back-end infrastructure and handles the regulatory approvals. PayPal secured the first conditional cryptocurrency license from the New York State Department of Financial Services. Customers could buy bitcoin, Litecoin, Ethereum and Bitcoin Cash. In March 2022, PayPal introduced a flat fee for crypto transactions under $200. Above that, purchases or sales up to $1,000 carried a 1.8% fee, and amounts over $1,000 carried 1.5%.
In December 2025, PayPal applied to the state of Utah and the Federal Deposit Insurance Corporation to form PayPal Bank, intended to lend to small businesses.
The company also spent heavily on advertising. In 2024, it added PayPal debit cards to Apple Wallet and called it the biggest ad campaign to date. A commercial with Will Ferrell singing a revised version of Fleetwood Mac's "Everywhere" debuted before the first ESPN broadcast of Monday Night Football that season. A 2025 campaign with Ferrell used an altered "Go Your Own Way."
For fiscal year 2019, PayPal reported earnings of US$2.459 billion on revenue of $17.772 billion, an increase of 15% over the previous cycle. Shares traded above $108 in December 2019, and market capitalization passed $127.58 billion.
Revenue in 2012 stood at $5,662 million, with net income of $778 million. By 2024, revenue had reached $31,797 million, with net income of $4,147 million. The share price tells a rougher story: $234.20 at the end of 2020, then $71.22 in 2022 and $61.41 in 2023. Headcount peaked at 30,900 in 2021 and stood at 24,400 in 2024.
The COVID-19 pandemic accelerated digital payments at the expense of traditional banking. PayPal's stock rose as much as 78% in 2020, as of October. Total payment volume grew 29% to $220 billion. Even so, the company laid off hundreds of workers across US offices and moved jobs overseas during 2020-2022.
In 2023-58.0% of sales came from the United States and 42.0% from other countries.
The corporate headquarters sit in the North San Jose Innovation District of San Jose, California, on the North First Street campus. The operations center in La Vista, Nebraska opened in 1999, and a second one opened there in 2007. Scottsdale, Arizona got a technology center in 2006. A software development center opened in Chennai, India in 2007, and an Austin, Texas data service office followed that October.
Since July 2007, PayPal has served the European Union as a Luxembourg-based bank, and Luxembourg houses the European headquarters. The international headquarters are in Singapore. In 2011, a second customer support center opened in Kuala Lumpur, Malaysia, joining sites in Berlin, Chandler, Dublin, Dundalk, Omaha and Shanghai. In 2014, Kuala Lumpur became a global center of operations.
PayPal can be used in more than 200 countries and regions, but access varies sharply. A send-only tier covers 97 countries. A tier called PayPal Zero, in 18 countries, allows funds to enter and leave in foreign currency but not to sit as a balance. The Send, Receive, Withdrawal tier covers 41 countries and lets users keep a balance. The Local Currency tier adds local-currency transactions in 21 countries.
In China, a July 2017 partnership with Baidu let that firm's 100 million mobile wallet users pay PayPal's 17 million merchants. In India, the per-transaction limit was set at $3,000 from the 14th of October 2011 and raised to $10,000 on the 29th of July 2013. PayPal launched domestic operations as PayPal Payments Private Limited on the 8th of November 2017. It now has its largest engineering team outside the US across Bengaluru, Chennai and Hyderabad.
In late March 2010, new Japanese banking regulations forced PayPal Japan to suspend person-to-person transfers for personal accounts registered in Japan. Those holders were then charged business fees on all transactions.
On the 6th of June 2016, PayPal ceased operations in Turkey, eight years after starting there. The financial regulator BDDK denied it a payment license. Regulators had demanded that PayPal's data centers be located inside Turkey, to support government and court orders to block content and to generate tax revenue. PayPal said tens of thousands of businesses and hundreds of thousands of consumers would be affected.
On the 30th of July 2022, Indonesia's Kominfo blocked PayPal for missing a registration deadline under new licensing rules. Users could not reach their stored funds until Kominfo lifted the block for 5 days so they could withdraw. PayPal was fully unblocked on the 3rd of August 2022, after registering as an electronic systems operator.
Sanctions and war shaped other markets. In January 2015, PayPal ceased operations in Crimea in compliance with international sanctions. In March 2022, it suspended all activities in Russia. That same month, it let Ukrainian accounts receive money from friends and family, where before they could only send abroad.
PayPal is available in Israel but not in the Palestinian territories. Israelis living in West Bank settlements can use it, while Palestinians in the West Bank and Gaza cannot. That has prompted Palestinian tech companies to seek a policy change.
In 2018, PayPal and Safaricom teamed up so Kenyans could make M-PESA transactions. In Pakistan, users can use Xoom, and in October 2018 the government used it to crowdsource funds for building two dams. As of November 2025, more than 90,000 Singapore businesses, about one in four nationwide, sold to global markets through PayPal.
In Sri Lanka, the picture changed slowly. A PayPal team was scheduled to visit in January 2017 to re-establish links. By 2021, the service could only be used to send money. On the 15th of May 2026, PayPal expanded there with Bank of Ceylon, Commercial Bank of Ceylon and Sampath Bank as initial banking partners.
In July 2025, PayPal announced PayPal World, a cross-border platform meant to link PayPal and Venmo with domestic systems and wallets. The first partners named were India's Unified Payments Interface, Brazil's Mercado Pago and Tencent's Tenpay Global.
As early as 2001, PayPal was losing millions of dollars each month to online fraud. International hackers broke into accounts and moved small sums out of many of them at a time. Pursuing the culprits through the FBI proved difficult, especially across borders.
So PayPal built its own fraud monitoring system to spot suspicious transactions. That work led Peter Thiel to create Palantir, a big-data security company. Its original mission was to "reduce terrorism while preserving civil liberties."
In early 2006, PayPal introduced an optional security key. After the usual login ID and password, the user enters a six-digit code from a credit-card-sized hardware key or a text message. Users can append the code to their password to skip the extra page. Some services require it, such as using PayPal through the eBay app on iPhone.
Critics noted limits. The system does not stop so-called Man in the Browser attacks. A user, or an attacker, can also authenticate by giving the credit card or bank account number on file. That means it falls short of true two-factor security. Codes sent by text to a mobile phone, called mTAN, are free.
In 2015, 150,000 Spanish cardholders had their funds frozen in an apparent fraud case involving Younique Money, a PayPal service provider that administered the cards. PayPal had earlier charged all 150,000 users 15 euros without authorization. As of March 2015, most of the funds had not been returned.
In the United States, PayPal is licensed as a money transmitter state by state. It is not classified as a bank. Even so, it must follow some financial rules, including Regulation E consumer protections and the USA PATRIOT Act.
Card laws do not map cleanly onto PayPal. Credit card billing errors fall under the Truth in Lending Act, and debit card errors under the Electronic Funds Transfer Act. PayPal sits between buyer and seller as an intermediary, so these protections do not operate as written. Unless a purchase is funded by credit card, the consumer has no recourse against a seller's fraud.
In 2008, PayPal Europe was granted a Luxembourg banking license, so the Commission de Surveillance du Secteur Financier supervises it. Before that, it was registered in the United Kingdom as PayPal (Europe) Ltd, licensed from 2004 as an Electronic Money Issuer. That ended in 2007. In Australia, PayPal is licensed as an authorised deposit-taking institution. In Singapore, it holds a stored value facility that needs no approval from the Monetary Authority of Singapore.
In January 2010, a spokeswoman for the Reserve Bank of India said PayPal lacked authorization for cross-border money transfer. PaisaPay, an Indian sister service owned by eBay, lets PayPal holders abroad pay Indian sellers on eBay.in.
Under the Buyer Protection Policy, a customer can open a dispute within 180 days of payment. The dispute can be escalated to a claim within 20 days. The grounds are an item that never arrived or one significantly not as described.
In the UK, the protection of Section 75 of the Consumer Credit Act 1974 makes a card company equally liable with the seller. A purchaser loses that protection when the card payment is processed via PayPal. The Financial Ombudsman Service takes the same view, and PayPal's Luxembourg base puts it outside the reach of UK courts.
Seller protection is narrower. PayPal says its policy shields sellers from certain chargebacks and claims of non-receipt, if conditions such as proof of delivery are met. Exclusions include intangible goods and claims that an item was not as described.
In 2003, PayPal voluntarily stopped serving as a payment intermediary for online gambling sites, though it was then the largest processor of such transactions. It resumed in 2010, but only in countries where online gambling is legal and only for licensed sites. In September 2015, it reappeared at newly legalized New Jersey gambling sites. After the Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 on the 14th of May 2018, PayPal became widely available for sports betting deposits and withdrawals.
An Acceptable Use policy, in place since at least 2005, bars obscene items and certain sexually oriented materials or services. Enforcement has long caused friction with people in the sex industry. In 2014, PayPal told Patreon it would cease integration because Patreon allowed adult content. Patreon then removed PayPal access for creators producing sexual content. On the 14th of November 2019, PayPal stopped payments to Pornhub models, which Pornhub said affected over a hundred thousand performers.
When PayPal decides an account was used for fraud, for a policy violation or without the holder's authorization, it limits or freezes it. Several freezes became public fights. Richard Kyanka, owner of Something Awful, was frozen in September 2005, and Cryptome in March 2010. April Winchell, owner of Regretsy, was frozen in December 2011. Her account was reinstated, and PayPal apologized and donated to her cause.
In September 2010, PayPal froze the account of Minecraft developer Markus Persson, which held around 600,000 euros, or $655,842. He said he had no clear explanation and that PayPal threatened to keep the money if it saw suspicious activity.
That same year, PayPal suspended and later permanently restricted payments to WikiLeaks, after the U.S. State Department said the site was engaged in illegal activities. Hacktivist supporters retaliated with attacks on PayPal and other companies. In July 2011, fourteen alleged members of Anonymous were charged over the December 2010 attacks. On the 5th of December 2013-13 of the PayPal 14 pleaded guilty to misdemeanor and felony charges.
In May 2013, PayPal declined to pay a bug bounty to a 17-year-old German student who reported a cross-site scripting flaw. It said the flaw had been reported before and scolded him for going public. It did send him a "Letter of recognition." In August 2013, crowdfunding entrepreneurs, including Proton Mail and Ouya, reported trouble withdrawing money raised on Kickstarter and Indiegogo.
Political cases drew sharper attention. In May 2014, PayPal blocked RosUznik, a Russian group supporting political prisoners from Bolotnaya Square. In May 2015, it blocked an account raising money to print Boris Nemtsov's report "Putin. War." Freedom House called the ban disturbing and urged PayPal to lift it. In September 2018, PayPal banned radio host Alex Jones and InfoWars over content it called hateful.
In September 2022, PayPal closed the accounts of Toby Young, the Free Speech Union and The Daily Sceptic, citing alleged vaccine misinformation. It reversed the decision a few days later. In October 2022, an updated policy included a $2,500 fine for promoting misinformation. David Marcus said it went against everything he believed in, and Elon Musk criticized it too. PayPal removed the language, saying it had gone out in error.
On the 21st of December 2024, the YouTuber MegaLag uploaded a video about Honey, the extension PayPal bought in 2020. The video said that when a shopper clicked yes to checking for coupons, Honey replaced the last-clicked affiliate cookie with its own. Creators who had promoted the product lost their commission, even when Honey found no coupon.
The courtroom record is long. In March 2002, two account holders sued over dispute resolution procedures, and the cases merged into one class action. A formal settlement signed on the 11th of June 2004 required changes and a US$9.25 million payment. PayPal denied wrongdoing. In November 2003, AT&T sued eBay and PayPal over a patent filed in 1991, and the case settled the next month.
In a case led by Craig Comb, a court ruled the arbitration clause in the user agreement unconscionable under California law. A 2017 settlement over unexplained account closures required PayPal to pay US$4 million and clarify its dispute process. In January 2022, another class action alleged arbitrary freezes and funds kept after 180 days.
On the 21st of May 2015, PayPal Credit agreed to pay a US$25 million fine to settle a complaint from the Consumer Financial Protection Bureau. The complaint said consumers had been signed up for credit accounts without consent. A federal court in Maryland ordered $15 million in refunds and a $10 million fine. In March 2026, the Federal Trade Commission warned PayPal and three other payment brands about debanking.
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Updated
Common questions
Who founded PayPal?
Max Levchin, Peter Thiel and Luke Nosek founded the company in December 1998 as Fieldlink. It was later renamed Confinity, and it merged with Elon Musk's X.com in March 2000.
When did eBay buy PayPal, and for how much?
eBay acquired PayPal on the 3rd of October 2002 for $1.5 billion in eBay stock.
When did PayPal become independent from eBay again?
The spin-off was announced on the 30th of September 2014 and completed on the 18th of July 2015. The shares relisted on Nasdaq on the 20th of July under the ticker PYPL.
What was PayPal's largest acquisition?
Honey, bought on the 6th of January 2020 for over $4 billion, is described as PayPal's largest acquisition to date.
Why did PayPal leave Turkey?
It ceased operations on the 6th of June 2016 after the financial regulator BDDK denied it a payment license. Regulators had demanded that PayPal's data centers be located inside Turkey.
How did PayPal's fraud problems lead to Palantir?
PayPal was losing millions of dollars each month to fraud as early as 2001. It built fraud monitoring software, and that work led Peter Thiel to create the big-data security company Palantir.
How long do buyers have to open a dispute?
A buyer can open a dispute within 180 days of payment and escalate it to a claim within 20 days of opening the dispute.
All sources
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- 137Fast-growing eBay spreads out in North San JoseNathan Donato-Weinstein — San Jose Business Journal — 30 January 2013
- 138PayPal center in LaVista moves online payments worldwideJosh Funk — JournalStar — 24 June 2007
- 139Virgil Larson, "Local building, global growth: PayPal opens facility, plans to expand staff to keep up with business", Omaha World-Herald, March 8, 2007, 1D.
- 140eBay CEO Meets with Arizona Governor over PayPal Tech Centerauctionbytes.com — September 27, 2007
- 141eBay, PayPal Open Development Facility in Chennaiefytimes.com — November 5, 2007
- 142NewsPayPal open for business19 October 2007
- 143New PayPal Office in Kuala Lumpur, Malaysia (and Hiring!)Liew Cheon-Fong — LiewCF
- 146Baidu teams up with PayPal to take its Chinese mobile wallet globalJon Russell — July 27, 2017
- 148NewsPayPal follows RBI to restrict e-payment to Indian merchantsJan 29, 2011
- 150Paypal Reversing Transactions of Indian AccountsFebruary 4, 2010
- 151NewsPayPal plans to hire 1,000 in IndiaDevina Sengupta — Jun 5, 2012
- 153NewsUS major PayPal set to launch UPI-based digital payments in IndiaYuvraj Malik — 2020-02-24
- 154NewsPayPal CTO says in for the long haul in India, to back UPI soonSurabhi Agarwal — 2020-03-10
- 156PayPal brushes-off request from Palestinian tech firms to access the platformSeptember 10, 2016
- 162Pakistan Tries a New Way to Pay for a Dam: CrowdsourcingMeher Ahmad — October 25, 2018
- 163NewsPayPal to Exit Turkey After Regulator Denies Payments LicenseEmre Peker — May 31, 2016
- 168PayPal shuts down its services in Russia citing Ukraine aggressionParesh Dave — 2022-03-05
- 169PayPal enables Ukrainian accounts to send and receive moneyBrian Fung — March 18, 2022
- 170How to link your PayPal account to M-PESAJuly 23, 2018
- 171PayPal Belum Dapat Izin Bank Indonesia dan OJK, Semuel: Kita Tak Bisa Biarkan Beroperasi IlegalM Nurhadi — July 31, 2022
- 172NewsIndonesia blocks Yahoo, PayPal, gaming websites over licence breachesGayatri Suroyo — August 2022
- 173NewsIndonesia opens temporary access to PayPal after blocking sparks backlashFransiska Nangoy — July 31, 2022
- 174NewsPayPal registers to Indonesia's licensing rules, access unblockedAnanda Teresia, Gayatri Suroyo and Stanley Widianto — August 3, 2022
- 177PayPal Giving Fund Launches In Australia2018-11-15
- 179NewsPayPal taps wallets from China and India to make cross-border payments easier for 2 billion peopleIvan Mehta — 22 July 2025
- 180NewsPayPal World targets 2 billion users with wallet interoperability23 July 2025
- 181NewsWill Ferrell Covers Fleetwood Mac in PayPal's Largest Ad Campaign to DateKathryn Lundstrom — September 9, 2024
- 182Will Ferrell Belts Another Fleetwood Mac Tune in a New Paypal Ad21 Apr 2025
- 184Bepress.com
- 185Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act) Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001)
- 186Margaret Jane Radin et al., Internet Commerce The Emerging Legal Framework 1174–1175 Foundation Press (2d ed. 2006)
- 187Article 23 of the EU's Banking Directive (Directive 2006/48/EC).
- 188PayPal Obtains Bank Charter for European UnionPaymentsnews.com
- 189PayPal becomes a bank to fight off GoogleTom Stevenson — May 15, 2007
- 190PayPal becomes a Bank, no longer under FSA : TameBay : eBay & ecommerce made easyTameBay — May 15, 2007
- 191Businessweek.comCatherine Holahan — June 15, 2007
- 192FSA.gov.uk
- 197PayPal
- 198Section 75: Credit card purchase protectionJulia Kukiewicz — Choose — November 1, 2011
- 199Home Affairs CommitteePaul Miloseski-Reid — publications.parliament.uk — July 29, 2013
- 200Buyer Protection & Seller ProtectionPayPal
- 201PayPal User AgreementPayPal — 8 October 2014
- 202MagazineResearchers Discover Vulnerability in PayPal's Two-Factor AuthenticationKate Vinton — 25 June 2014
- 203Keep your PayPal account safer with two-factor authenticationNick Mediati — 29 October 2013
- 206NewsHow PayPal Boosts Security with Artificial IntelligenceMichael Morisy — 25 January 2016
- 207BookZero to one : notes on startups, or how to build the futurePeter A. Thiel — Crown Currency — 2014
- 209OCU denuncia a YoUnique Money ante el Banco de EspañaCadena Ser — 6 March 2015
- 215PayPal, Square and big banking's war on the sex industryViolet Blue — Verizon Media Inc. — July 19, 2019
- 217E-Commerce News: Security: Feds Investigating Fraudulent Katrina-Related Web SitesEcommercetimes.com — September 26, 2005
- 218Theregister.co.ukAndrew Orlowski — March 8, 2010
- 219Theregister.co.ukAndrew Orlowski — March 10, 2010
- 220Theregister.co.ukAndrew Orlowski — March 16, 2010
- 221NewsPayPal Rains on Regretsy's Secret Santa Campaign Over Use of Wrong ButtonMorran, Chris — December 5, 2011
- 222NewsPayPal Freezes Minecraft Dev's 600k EurosSeptember 10, 2010
- 223PayPal says it stopped Wikileaks payments on US letterDecember 8, 2010
- 224NewsOperation Payback cripples MasterCard site in revenge for WikiLeaks banEsther Addley et al. — December 8, 2010
- 225PayPal reinstates Bradley Manning support group accountLance Whitney — February 25, 2011
- 227MagazinePayPal denies teenager reward for finding website bugMay 28, 2013
- 228PayPal to Fix XSS Flaw, But No Reward For ResearcherDennis Fisher — May 29, 2013
- 229NewsGlassUp raised $100K on Indiegogo – but PayPal is refusing to pay upVenture Beat — August 14, 2013
- 230PayPal Freezes Campaign FundsMailpile — September 5, 2013
- 231Paypal Freezes Proton Mail Campaign Funds2014-06-30
- 232Crowdfunding's Secret Enemy Is PayPalPatrick Klepek — 2013-09-20
- 236PayPal blocks Iranian human rights group's account over sanctionsApril 21, 2015
- 238NewsBoris Nemtsov's parting shotMay 13, 2015
- 240NewsPayPal quietly re-enters online gamingSeptember 15, 2015
- 242PayPal
- 243NewsStuck in a Dispute Between PayPal and ItselfDavid Segal — October 12, 2013
- 246NewsPayPal halts payment support to PornHub modelsVibhuti Sharma — 14 November 2019
- 247PayPal Pulls Out of Pornhub, Hurting 'Hundreds of Thousands' of PerformersSamantha Cole — 14 November 2019
- 248PayPal abruptly cuts off Pornhub's payroll, leaving performers with few payment optionsJay Peters — 14 November 2019
- 249Pozor na neaktivní PayPal účet, hrozí poplatek2020-09-30
- 250PayPal introduces new fee for dormant accountsDecember 12, 2020
- 253PayPal to research transactions that fund hate groups, extremistsAnna Irrera — 2021-07-26
- 254NewsPayPal Free Speech Union accounts shut over Covid 'misinformation'James Beal — 22 September 2022
- 255PayPal has just reversed its decision to deplatform the Free Speech Union and apologised.Free Speech Union
- 256NewsPayPal reinstates Free Speech Union accounts after being accused of 'politically motivated' banTony Diver et al. — 27 September 2022
- 257NewsPayPal Pulls Back, Says It Won't Fine Customers $2,500 for 'Misinformation' after BacklashDowney Caroline — October 8, 2022
- 258PayPal Says It Never Intended to Fine Users for 'Misinformation'Low De Wei — 2022-10-10
- 259Settlement AgreementJune 11, 2004
- 261Stamps.com Asserts Breach of Contract Claim Against PayPal and eBayApril 23, 2008
- 262Comb v. PayPal Inc.January 21, 2007
- 264NewsInternet: PayPal Sues Bank One Over Patent InfringementApril 23, 2008
- 266AT&T sues eBay, PayPal over patentPaul Festa — April 23, 2008
- 267eBay, Tumbleweed settle patent suitPaul Festa — December 23, 2003
- 268NewsICC-Cal, Paypal sued in Tel Aviv court for NIS 16mGuy Katzovitch — June 22, 2011
- 270Judge Approves $4M Deal Over Closed PayPal AccountsHelen Christophi — 2017-03-27
- 271PayPal stole users' money after freezing, seizing funds, lawsuit allegesTim De Chant — 2022-01-14
- 273FTC Issues Warnings to Payment Processors Against ‘Debanking’Elias Schisgall — 2026-03-26
- 274NewsCFPB seeks to fine PayPal $25 million over credit allegationsJonnelle Marte — May 19, 2015