|PayPal lets any business or consumer
with an email address to securely, conveniently, and cost-effectively
send and receive payments online.
The size of our network and widening acceptance of our product have
helped us become the leading payment network for online auction
websites, including eBay. PayPal is also being increasingly used at
other e-commerce sites, for the sale of goods such as electronics and
household items, the sale of services such as web design and travel, and
the sale of digital content. Offline businesses, including lawyers,
contractors and physicians, have increasingly begun to receive payments
online through PayPal. PayPal's service, which lets users send payments
for free, can be used from PCs or Web-enabled mobile phones.
PayPal was recently acquired by eBay, and is located in Mountain View,
California. PayPal is the 2002 SIIA Codie Awards winner for "Best
eCommerce Solution" and is recognized by PC Magazine as one of
"The Top 100 Web Sites."