PayPal is a US financial services and technology company that is the leader in online payment processing. Its payment system is an electronic alternative to traditional paper methods, supporting online money transfers, currency exchanges, and cryptocurrency purchases (in the US). PayPal’s services are used by over 300 million individual customers worldwide, including online merchants and businesses of any size. The UK's PayPal app has more than 2 million monthly active users. The company was founded in 1998 by the merger of Confinity and X.com, which were created by billionaire entrepreneurs Elon Musk and Peter Thiel. Its headquarters are located in San Francisco. PayPal stock is listed on the Nasdaq exchange and is a constituent of the Nasdaq 100 and S&P 500 stock indices. Spread bets or trade CFDs on our PayPal share price.