But before mobile and online payments were all the rage there was PayPal.
PayPal was one of the first online payment processors on the scene – and it’s still one of the largest. Here’s what you need to know about the service that launched an entire industry.
PayPal History
It’s hard to believe, but
PayPal is now 22 years old. It was founded in December 1998 at the height of the Dotcom boom (or, more accurately, bubble).
But in 1998 the company was called Confinity.
A year later,
Confinity merged with X.com. X.com was a historic moment in PayPal’s history. Though you may not have heard of X.com – you’ve certainly heard of its owner: