It was in the year 1998 when Peter Thiel made an appearance at Stanford and he was able to meet with Max Levchin. They knew each other from common friends. Two weeks after their meeting, they have decided to create Fieldlink which is a security focused company. Fieldlink is in charge of encrypting data through certain devices. It was in the year 1999 which is a year after the first company was formed that PayPal was born. The demo was first made and it continued to be improved tremendously. In 1999, first time users of PayPal were given a reward of $10 for signing up for the first time. First time users also had the option to earn dividends through their account. PayPal changed its settings so that it can be used by eBay users. This will help eBay users pay with the use of PayPal. Right now, PayPal is able to help people pay for the merchandise they purchase online safely and securely.
PayPal may have been formed decades ago but its store objectives still remain the same. It makes sure that people can pay and send money online in a speedy manner. They make sure that the funds will be received at the soonest possible time so that people do not need to wait. Another store value is it makes sure that it can give the best service to clients possible. It listens to what clients want and it makes sure that it will always adjust depending on what people need. Paying money can also be easy with the use of PayPal because it can be paid to anyone and to any store anywhere. Another store value that is still being used by PayPal is it makes sure that everything will be easy. There is now a PayPal application that can be downloaded on the phone. Not only will this allow easy logging in, the various options for payments are easy to do.
What makes PayPal's unique?
The main reason why this company is unique is because it is the very first one that has started the online wallet trend. Through the development of this company, sending money to different places and to different people has never been easier. There is no need to purchase only within the same area because payments can be sent to different parts of the globe. This company has grown a lot and will continue to grow more in the future.