PayPal is the faster, safer way to pay and get paid online - allowing its members to send and receive payments without disclosing financial information.
PayPal is an all-in-one solution that allows you the flexibility to pay or get paid using a variety of secure payment options, including account balances, bank accounts (in approved countries), credit cards or promotional financing. With more than 78 million active accounts1 in 190 markets and 24 currencies around the world, PayPal helps you to enable global ecommerce for your purchases and your business.
In the UK and Australia, PayPal is the most preferred payment service on the Web2. In the U.S., PayPal is one of the most preferred payment services on the Web.
PayPal was founded in 1998 and was acquired by eBay in 2002. Its main headquarters is located in San Jose, California. In 2007, PayPal established its international headquarters and technology development centre in Singapore (as PayPal Private Ltd.).
PayPal’s total payment volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce.3
PayPal Pte Ltd is currently regulated as a Stored Value Facility (SVF) under Singapore law, is required to comply with the Payment Systems Oversight Act issued by the Monetary Authority of Singapore (MAS).
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com.sg carefully before use.
1Active accounts are those that have had activity in the past 12 months
2Source: PayPal Brand Tracker Q4 08 and Nielsen Consumer Report 2H 2008
3 Based on Forrester estimates of US e-commerce with the addition of eBay Inc. internal metrics totalling $256B