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PayPal is an online payment system designed to help people and business transfer money. PayPal is one of the most popular online payment system used by users all over the world to pay for products and services they need. As of 2012, there are more than 100 million active accounts in 190 countries all over the world. History of PayPal PayPal was first launched in 2000 by the company Confinity which was founded by Max Levchin, Peter Thiel and Luke Nosek. Two years after it was released, Confinity introduced the ability to transfer money between users through their Palm Pilot devices. Until 2003, PayPal could only be used for Palm Pilot transactions but that changed when eBay bought PayPal and made it available for all of their services. eBay also changed the company's name from Confinity to PayPal in 2002. Today, PayPal is one of the most popular ways to pay for products and services on the internet. There are more than 150 million active users using PayPal all over the world every m