Paypal is the name of a famous website that is mainly related to money transfer. This website operates via email and web services. This is known as an alternative to the traditional way of paying, which is notes and checks.

Since 1998, which is the year of company establishment, Paypal has become increasingly popular. Success became clearer in 2018 when the company was ranked 2222 in the Fortune 500 from the largest US company with income.

Have you ever wondered how Paypal managed to achieve such success and how the results? If you are interested in this topic, please continue reading the following article, because all the required details will be given below.

Paypal brand and subsidiary

Paypal business models are more than interesting. Basically, this company makes money from processing customer transactions. The important thing to remember when discussing Paypal is the number of brands around it. In other words, Paypal is centered around several platforms such as Paydiant, Venmo, Xoom, and Braintree.

Paydiant platforms are mainly related to banks, traders, distributors, and resellers. In 2015, Paydiant became part of the Paypal family, with an agreement of 280 million dollars.

One of the main dimensions of Venmo is its social dimension. This application gives people the ability to make payments and share money with friends. Also, a fun facts: the popularity of this application produces a ‘poison’ verb, due to the fact that people use them in sentences like “Venmo Me!”.

When it comes to Xoom, most of them focus on money transactions around the world. This means that people can pay bills, re -loan cellphones, or even send money to many foreign countries from the United States.

Braintree is considered a payment platform that “provides all tools online and cellular business needs to receive payments”. When it comes to global leadership regarding cellular payments, Braintree, without doubt, is an important component of Paypal.

Paypal – income

This company’s revenue can be divided into two types. The first type refers to transaction income regarding net transaction costs that are usually charged to traders and consumers. The second type is related to other added value services, which are related to costs and loans.

Paypal – Clean Wealth

One of the main techniques and strategies of the PayPal business model is measured. Guided by the belief that ‘If you cannot measure it, you cannot fix it’, this company has a strong metric system.

The company’s net worth is estimated at around 61.6 billion dollars. Paypal is not only paid around 300 million dollars every day, but also high ranking by customers. Statistics confirm that 86% of users are quite happy with this service. In addition, this is considered to process around 18% of e-commerce sales. Also, there are more than 200 million active paypal accounts worldwide.

To conclude, Paypal is one of the leaders in the industry in terms of online transfer. Although this company is relatively young, has succeeded in achieving great success and earning money. Maybe this is due to the fact that he gives safety to its users. In addition, the official website guarantees users that their financial information is safe. Also, the reason for Paypal’s popularity is because this website is friendly user. It seems that everything on the website is click.

Therefore, entering and really using it is never this easy. Considering the intelligent and successful business model that this company has developed, safe to say that it doesn’t matter whether you are an individual, partner/developer, or business – Paypal can serve you. Therefore, the quote from the official website ‘Paypal is for everyone who pays or is paid’ seems true.