Since the first Fintech (financial technologies) developments we have been privy to some truly groundbreaking creations that have changed the way we do business and purchase goods and services. One such technology that has had a far reaching effect is PayPal.
When first released in 1999, PayPal revolutionised the way we processed online transactions and opened up many new avenues for ecommerce and faster, more efficient payments. PayPal is used by millions of people worldwide, and the company employs a staggering 18,000 people. It’s become so popular that even smaller businesses such as World Market have started to offer PayPal as one of their payment options.
To grasp just how huge PayPal has become, we can look at a few financial statistics. For example, in 2017 alone, over 7.5 billion USD of transactions were processed via PayPal. Furthermore, PayPal is currently used by over 770,000 websites, and the payment processing platform has over 220 million active users. What other payment gateway can boast those kinds of figures?
PayPal has managed to succeed due to its ease of use, flexibility, and the way that it can easily be integrated into ecommerce stores and online businesses. PayPal has a range of preset implementations that businesses can use to add this payment gateway to their websites.
Furthermore, the PayPal API allows developers to create shopping carts and ecommerce functionality with ease. Finally, the actual payment processing system of PayPal is highly secure and easy for customers to use. You can make payments using a variety of different methods and you can do so without registering an account.
As you can see, PayPal has a great deal of positives. Why not read the infographic below to find out more fantastic facts about this payment gateway:
A Nerd Geo-Scientist, I am Internet Power User, Graphic Designer, WordPressor & Best Of All Founder of NerdsHD Where I share Interesting & Useful Stuff For Like Minded People.