PayPal was founded in 1998 and is headquartered in San Jose, California. It is a global online payment company that allows users to send payments in 25 currencies across more than 200 countries. PayPal has over 426 million active users and is owned by eBay, with over 30,000 employees. It was originally created in 1998 as Confinity but merged with x.com in 2000 and was later acquired by eBay in 2002. PayPal offers personal, premier, and business accounts and allows for fast and easy money transfers between users.