Internet payment service
PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards.
PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.
PayPal created the Gausebeck-Levchin test, which is an implementation of the CAPTCHA technology, the blurry box of letters and numbers used to prevent against online fraud by ensuring a human response. They created it in the early days to help prevent unauthorized access by automated systems.
When eBay acquired PayPal in October 2002, eBay already had an online payment system of choice called Billpoint. Billpoint was quickly phased out due to PayPal’s popularity, branding and technology.