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
eBays Acquisition of PayPal
Competitors
Complaints

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

The Growth of PayPal

Oct 99 24 Members
Dec 99 12,000 Members
Feb 00 100,000 Members
Apr 00-1,000,000 Mmebers

1000000
900000
800000
700000
600000
500000
400000
300000
200000
100000
0

Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00 Apr-0

How The Service Works

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

eBays Acquisiton

Ebay acquired PayPal for $1.5

Billion in 2002
eBay integrated PayPals services
with their own.

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.

How PayPal Makes $$

Float; PayPal re-invests funds that

sit in members PayPal accounts.

They charge approximately 2.5%

of the dollar amount to the
recipients of PayPal transfers.

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,

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.

Thank You For Your

Time

Jalik Parham