![]() ![]() Thiel and Levchin adeptly leveraged an opening in the payments market, as nobody was really focusing on a digital payment platform between consumers and businesses, a gap the duo exploited brilliantly as PayPal took off at the start of the new century. PayPal will provide notices to you by email and in the History or. Within two years, the founders renamed their company PayPal, after a decision was made to focus only on payments made over the burgeoning internet. Adobe Acrobat Reader version 8.0 and above to open documents in. Small businesses, online merchants, and consumers quickly signed on, with the company handling more than $3 billion in payments from 10.2 million individual consumers and 2.6 million commercial customers within three years of opening its doors. The merger that brought together PayPal and X.com. PayPal attracts new customers Would you have the purchase if PayPal was not an available payment option Why not 1. The founders' idea was both simple and efficient - convince customers to share their emails, banking and credit card information in return for fast, low-cost payments. Take this story as a reference, not as history as the account of the author might bias it. The company, founded and currently headquartered in Mountain View, Cali., smartly targeted an underserved market as the internet tightened its grip on global consumers: Banking and payments.
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