Download The Growth of PayPal

PayPal
The Online Payment Company.
Introduction
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PayPal PowerPoint Presentation
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By: Jalik Parham
Topics of Discussion
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The History Of Paypal
The Growth of PayPal
How The Service Works
Uses for Send Money
eBay’s Acquisition of PayPal
Competitors
Complaints
The History Of
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Co-Founders: Peter Theil and
Elton Musk.
Theil was a securities lawyer and a
options trader and Musk was a
engineer and a model from South
Africa. Founded in 12/1998
The Growth of PayPal
Oct 99 – 24 Members
Dec 99 – 12,000 Members
Feb 00 – 100,000 Members
Apr 00-1,000,000 Mmebers
1000000
900000
800000
700000
600000
500000
400000
300000
200000
100000
0
Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00 Apr-0
How The Service Works
Uses for Send Money
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Pay for an auction item
Split a Restaurant Bill
Send Money to your friends or
family
Pay Bills
Play Prof. Kopec in a game of
chess for a couple of dollars.
Free Advertisement: www.kopecchess.com
eBay’s Acquisiton
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Ebay acquired PayPal for $1.5
Billion in 2002
eBay integrated PayPal’s services
with their own.
Competitors
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eMoneyMail, Ecount, payMe.com
CheckFree, Gmoney.com,
MoneyZap, PayMe.com,
PayPlace.com
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PayPal simply does it better,
cheaper, and faster than the rest.
They also had the first move
advantage.
How PayPal Makes $$
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Float; PayPal re-invests funds that
sit in member’s PayPal accounts.
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They charge approximately 2.5%
of the dollar amount to the
recipients of PayPal transfers.
Complaints about
PayPal
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Poor Customer Service
Credit protection policies are flimsy
The approx. 2.5% charge is too
high
“Double Taxation” – “Tax” by eBay
and “Tax” by PayPal
www.aboutpaypal.org,
www.paypalsucks.com,
www.paypalwarning.com,
The Future of PayPal
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PayPal has a bright future.
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They are considering branching
out into a full fledge online bank
with many banking products.
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They will continue to expand their
successful integration with eBay.
Thank You For Your
Time
Jalik Parham