In 2008, the company added a new security layer to its system by acquiring Fraud Sciences, a brand with extensive experience in online risk tools.ĭuring the following years, PayPal acquired a number of other companies including Zong, IronPearl, and Braintree. This collab allowed PayPal and MasterCard users to make payments on websites that don't accept PayPal directly. In 2007, PayPal partnered with MasterCard. Online casinos that accept PayPal also started to emerge. PayPal became the payment method used by the majority of eBay users and also the default choice for eBay listings.ĭespite being acquired by eBay, PayPal kept expanding faster than its parent company and became a popular online payment system on other e-commerce platforms. Just a few months after that, PayPal was acquired by eBay. In 2002, company executives decided to launch PayPal's IPO. X.com company was renamed to PayPal in 2001. In 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. PayPal was established in December 1998 as Confinity. PayPal history, acquisitions, and current state
