Monday, January 22, 2018

Facts About PayPal:


In 2013 PayPal accidentally credited $92 quadrillion to a Pennsylvania man.

When Paypal was started they gave $20 to everyone that made an account and $20 for every person they referred. This cost them 60-70 million dollars but they had 100,000 customers, in the month PayPal went online.

Elon Musk was ousted from Paypal when he wanted to move everything from Unix to Microsoft.

Paypal was voted one of the 10 worst business ideas of 1999.

Around 20 years ago, PayPal was originally called ‘X’.

Venture capitalist Peter Thiel co-founded PayPal to wipe out currency inflation worldwide.

A restriction by Paypal was necessitated some years back because many Nigerians used the payment platform to defraud many foreign buyers on eBay.

You can give money via Paypal to North Korea but not to Wikileaks.

Elon Musk had to borrow money to pay rent after he spent all $180 million from PayPal.

PayPal made eBay customer destroy his $2,500 violin and gave the owner nothing.

ProtonMail, a service that provides encrypted email messaging, had its PayPal account frozen when it received mass funding through Indiegogo because PayPal doubted the legality of the encryption.

72% of US online shoppers have a PayPal account.

Chad Hurley, one of the founders of Youtube, helped design the original PayPal logo.

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