Since then, many new banking methods have broken onto the scene, yet PayPalremains one of the most popular methods. In addition, PayPal transactions are quick, convenient and easy to complete. At a time when wire transfers carried high costs for users, PayPal pioneered the way for secure payments that hide your bank details. Since its inception in 1998, the company has gained much traction in the online financial sector. Yet, it has now transformed into a multinational, billion-dollar company, employing over 30,000 people across the globe. It has also become a hugely popular payment method for online gambling too.īorn in the heart of Silicon Valley, California, the ambitious company began with just six employees, two computers and a dream to provide a service to send money digitally using mobile devices.
Due to the security and reliability of the method, PayPal users continue to trust it. It allows users to pay quickly and efficiently for online purchases without providing merchants with their bank details each time. PayPal is a well-known and trusted payment method across the world.
