PayPal

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About this app

PayPal is an American online payment service released by PayPal Holdings, Inc. The original company was established in 1998 to produce security software for some handheld devices. One year later, Paypal decided to change the direction where the country was headed by turning into a money transfer system in 1999 at Confinity. It attracted many investors and was acquired by  eBay in 2002 for $1.5 billion. PayPal became the mostly-used payment method by a majority of eBay users. On September 30, 2014, eBay spined off PayPal into a separate publicly traded company.

Latest Update: New credit card

Paypal is launching a new credit card that will offer users more cash back whenever they check out using PayPal. Cardholders will get unlimited three percent cashback on all their PayPal purchases, whether they pay online, through the  mobile app or in-store using a PayPal QR Code. This PayPal Cashback Mastercard still has no annual fee and existing cardholders will be automatically upgraded to the new 3% cash back card structure.

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