PayPal is the name of a well-known website that is mainly related to money transfers. This website operates via email and web services. This is known as an alternative in the traditional way of paying, i.e. Money order and check.
Since 1998, which is the year of the establishment of the company, PayPal has become increasingly popular. The success becomes clearer in 2018 when the company ranks 262 regarding Fortune 500 from the largest US company by income.
Have you ever wondered how PayPal succeeded in achieving such success and how to make money? If you are interested in this topic, please continue reading the following article, because all the required details will be provided below.
PayPal and Subsidiary Brands
The paypal business model is more than interesting. Basically, this company makes money from customer transaction processing. The important thing to remember when discussing PayPal is the number of brands that surround it. In other words, PayPal is centered around several platforms such as Paydiant, Venmo, Xoom, and Braintree.
Paydiant platforms mainly related to banks, traders, distributors, and retailers. In 2015, Paydiant was part of the PayPal family, by reaching an agreement of 280 million dollars.
One of Venmo’s main dimensions is its social dimensions. This application gives people the ability to make payments and share money with friends. Also, fun facts: the popularity of this application produces ‘poison’ verbs, due to the fact that people use them in sentences such as “Venmo Me!”.
When it comes to Xoom, most are focusing on money transactions throughout the world. This means that people can pay bills, reload cellphones, or even send money to many foreign countries from the United States.
Braintree is considered a payment platform that “provides all online tools and cellular business needs to accept payments”. When it comes to global leadership regarding cellular payments, Braintree is, without doubt, important PayPal components.
PayPal – Revenue
This company’s income can be divided into two types. The first type refers to transaction revenue regarding net transaction costs which are usually charged to traders and consumers. The second type is related to other value-added services, which are related to costs and loans.
PayPal – Net Worth
One of the main techniques and the PayPal business model strategy is the size. 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 wealth is estimated at around 61.6 billion dollars. Not only paypal pays around 300 million dollars every day, but also ranks high by customers. Statistics confirm that 86% of users are quite happy with this service. Furthermore, it is considered to process around 18% of e-commerce sales. Also, there are more than 200 million active paypal accounts throughout the world.
To conclude, PayPal is one of the leaders in this industry when it comes to online transfers. Even though this company is relatively young, it has succeeded in achieving great success and making money. Maybe this is because of the fact that it provides users safely. Furthermore, the official website guarantees users that their financial information is safe. Also, the reason for Paypal’s popularity can be this website friendly user. It seems that everything on the website is click.
Therefore, enter and actually use it has never been this easy. Considering a smart and successful business model, this company has been 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 PayPal website is for everyone who pays or paid ‘it seems right.
