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PayPal provides the world's first instant and secure online payment
service. With PayPal, individuals and businesses can send and receive payments through the
Internet. This revolutionary new service provides a safer, faster, easier, and cheaper way
to move money in today's digital economy.
With a customer base of more than 6 million and continuing to grow rapidly, PayPal is the
world's largest Internet-based payment network. PayPal is the #1 eFinance site on the
Internet, according to PC Data Online, and one of the fastest growing websites, according
to Media Metrix. PayPal now constitutes over 10% of all Internet traffic in the financial
services category, more than Citibank, Wells Fargo and Bank of America combined.
PayPal is the preferred payment service for online auctions, and for online community and
group websites. Recommended by CNET as "the most reliable personal payment
service," PayPal is also being increasingly used at e-commerce sites. PayPal's
service, free to consumers, can be used from PCs or Web-enabled mobile phones.