PayPal is an American company that provides online payment services to individuals and businesses. The company operates as a payment processor for online vendors, auction sites, and other commercial users, as well as individuals, to send and receive money online. PayPal allows customers to create and maintain a digital wallet that can be used to make payments, receive funds, and store payment information. The company’s services also include processing credit and debit card transactions, issuing credit lines, and facilitating international payments. A verified PayPal account is widely used for online shopping and is accepted by millions of merchants and users from around the world. The company was founded in 1998 and is headquartered in San Jose, California.