It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.Įstablished in 1998 as Confinity, PayPal went public through an IPO in 2002. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers it serves as an electronic alternative to traditional paper methods such as checks and money orders. EBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014
