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PayPal

PayPal. The Online Payment Company. Introduction. PayPal PowerPoint Presentation By: Jalik Parham. Topics of Discussion. The History Of Paypal The Growth of PayPal How The Service Works Uses for Send Money eBay’s Acquisition of PayPal Competitors Complaints. The History Of .

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PayPal

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  1. PayPal The Online Payment Company.

  2. Introduction • PayPal PowerPoint Presentation • By: Jalik Parham

  3. Topics of Discussion • The History Of Paypal • The Growth of PayPal • How The Service Works • Uses for Send Money • eBay’s Acquisition of PayPal • Competitors • Complaints

  4. The History Of • Co-Founders: Peter Theil and Elton Musk. • Theil was a securities lawyer and a options trader and Musk was a engineer and a model from South Africa. Founded in 12/1998

  5. The Growth of PayPal Oct 99 – 24 Members Dec 99 – 12,000 Members Feb 00 – 100,000 Members Apr 00-1,000,000 Mmebers

  6. How The Service Works Illustration of how PayPal works

  7. Uses for Send Money • Pay for an auction item • Split a Restaurant Bill • Send Money to your friends or family • Pay Bills • Play Prof. Kopec in a game of chess for a couple of dollars. Free Advertisement: www.kopecchess.com

  8. eBay’s Acquisiton • Ebay acquired PayPal for $1.5 Billion in 2002 • eBay integrated PayPal’s services with their own.

  9. Competitors • eMoneyMail, Ecount, payMe.com CheckFree, Gmoney.com, MoneyZap, PayMe.com, PayPlace.com • PayPal simply does it better, cheaper, and faster than the rest. They also had the first move advantage.

  10. How PayPal Makes $$ • Float; PayPal re-invests funds that sit in member’s PayPal accounts. • They charge approximately 2.5% of the dollar amount to the recipients of PayPal transfers.

  11. Complaints about PayPal • Poor Customer Service • Credit protection policies are flimsy • The approx. 2.5% charge is too high • “Double Taxation” – “Tax” by eBay and “Tax” by PayPal • www.aboutpaypal.org, www.paypalsucks.com, www.paypalwarning.com,

  12. The Future of PayPal • PayPal has a bright future. • They are considering branching out into a full fledge online bank with many banking products. • They will continue to expand their successful integration with eBay.

  13. Thank You For Your Time Jalik Parham

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