PayPal provides the world's first instant and secure online payment service. With PayPal, individuals and businesses can send and receive payments through the Internet. This revolutionary new service provides a safer, faster, easier, and cheaper way to move money in today's digital economy.
With a customer base of more than 25 million and continuing to grow rapidly, PayPal is the world's largest Internet-based payment network. PayPal is the #1 eFinance site on the Internet, according to PC Data Online, and one of the fastest growing websites, according to Media Metrix. PayPal now constitutes over 10% of all Internet traffic in the financial services category, more than Citibank, Wells Fargo and Bank of America combined.
PayPal also provides the preferred payment service for online auctions and online community and group websites. Recommended by CNET as 'the most reliable personal payment service', PayPal is also being increasingly used at e-commerce sites. PayPal's service, free to consumers, can be used from PCs or Web-enabled mobile phones.