PayPal enables any individual or business with an email address to send and receive online payments securely, easily and quickly. PayPal's service builds on the existing financial infrastructure of bank accounts, debit cards and credit cards. It uses the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment service.
PayPal has more than 71 million accounts worldwide and supports payments in Pounds Sterling, Euros, US Dollars, Canadian Dollars, Australian Dollars and Japanese Yen. It has quickly become a global leader in online payment solutions.
PayPal's popularity is largely due to it being so simple to use; in just a few steps you can open a free account and send, receive or request money from another user. PayPal is consistently ranked the number one personal finance site according to Nielsen//NetRatings.
PayPal (Europe) Ltd. (link to https://www.paypal.co.uk) is headquartered in London, UK and regulated by the FSA. PayPal's EU customer support centre is located Dublin, Ireland. It also has customer support near Omaha, Nebraska. PayPal was acquired by eBay Inc. in October 2002.