Difference between revisions of "Timeline of PayPal"

This is a timeline of online money transfer and e-commerce service [[PayPal]], owned by [[eBay]] from 2002 to 2014 and an independent company before and after that.

| March 2000{{snd}}July 2002 || [[Confinity]] and X.com merge. The combined entity, initially called X.com, later changes its name to PayPal. PayPal adopts [[eBay]] as a key platform to grow its userbase, because of the need for an online payment system on eBay. eBay responds with its own payment service, Billpoint. PayPal competes fiercely with Billpoint, raises a huge amount of money, and even IPOs in February 2002.

| October 2002{{snd}}mid-2010 || PayPal is acquired by [[eBay]]. The product and userbase grow steadily, faster than the parent company eBay.

| mid-2010{{snd}}September 2014 || PayPal moves aggressively into new territory, including micropayments, mobile payments, in-store payments, international expansion, and more tools for [[small and medium business]]es. It debuts new hardware and collaborates with brick and mortar stores for its in-store payments options. It acquires competitor startup [[Braintree (company)|Braintree]], a payments gateway company.

| 1998 || December || Company launch || [[Confinity]], the company that would later launch the first version of PayPal, is founded by [[Max Levchin]], [[Peter Thiel]], and [[Luke Nosek]]. The company idea is due to Max Levchin, and Thiel is initially interested only in being an investor, but Levchin convinces Thiel to become CEO of the company.

| 1999 || January || Company launch || X.com, the company that would later merge with Confinity to become PayPal, is launched by [[Elon Musk]].<ref name="gawker-musk-history">{{cite web|url=http://gawker.com/230076/an-alternate-history-according-to-elon-musk|title = An alternate history according to Elon Musk|last = Denton|first = Nick|date = January 19, 2007|accessdate = August 8, 2014|publisher = [[Gawker]]}}</ref>

| 1999 || July || Product launch || Confinity announces the launch of online payment service PayPal, intended to be usable via a web browser and via a [[Palm Pilot]]. At the launch party in July, Nokia Ventures uses PayPal to send $3 million in venture capital investment on-stage.<ref>{{cite web|url=http://archive.wired.com/science/discoveries/news/1999/07/20958|title = PayPal Puts Dough in Your Palm|last = Lillington|first = Karlin|date = July 27, 1999|accessdate = August 1, 2014|publisher = ''[[Wired Magazine]]''}}</ref><ref name="paypal-wars">{{cite book|title = [[The PayPal Wars]]|last = Jackson|first = Eric M.}}</ref>

| 1999 || September || Product launch ||  The product is launched to the public.<ref>{{cite web|url=http://www.halplotkin.com/cnbcs029.htm|title = Beam Me up Some Cash|last = Plotkin|first = Hal|publisher = [[Silicon Valley Insider]], [[CNBC]]|date = September 8, 1999|accessdate = August 8, 2014}}</ref>

| 1999 || November || Product launch|| Confinity launches a fully functional PayPal website and the staff send emails to their friends offering $1 for signing up.<ref name="paypal-wars" /><ref>{{cite web|url=http://archive.wired.com/wired/archive/7.11/streetcred.html?pg=14|title = Just Outta Beta|publisher = ''[[Wired (magazine)|Wired]]''|date = November 1999|accessdate = August 8, 2014}}</ref><ref name="gawker-musk-history" />

| 1999 || December || Product launch || Financial services company X.com, headed by chairman [[Elon Musk]] and CEO Bill Harris, adds online payment to its online account service, and makes it their product focus.<ref name="paypal-wars" /><ref name="hostip" />

| 2000 || March 1 || Competition || [[EBay]] announces Billpoint, its in-house payment service, in collaboration with [[Wells Fargo]]. This could pose a serious threat to PayPal, because eBay auctions are a major source of user acquisition for it.<ref name="paypal-wars" /><ref name="hostip">{{cite web|url=http://ecommerce.hostip.info/pages/1101/X-Com.html|title = X.Com - PayPal|accessdate = August 8, 2014}}</ref>

| 2000–2001 || Mid-2000 through all of 2001 || Product || [[Max Levchin]] spearheads efforts to reduce fraud. This would prove to be one of PayPal's decisive sources of advantage, allowing the company to offer an affordable service to customers without hemorrhaging money.<ref name="paypal-wars" /><ref name="lacy">{{cite book|title = [[Once You're Lucky, Twice You're Good]]|last = Lacy|first = Sarah|authorlink = Sarah Lacy|isbn = 978-1592404278}}</ref><ref>{{cite web|url=http://archive.wired.com/wired/archive/9.09/paypal_pr.html|title = The Money Shot. Ecurrencies have rarely been worth the paper they're not printed on. But with a potent viral marketing gimmick and a dose of dumb luck, PayPal is making person-to-person transactions pay.|last = Bodow|first = Steve|accessdate = August 8, 2014}}</ref> Innovations include one of the web's first commercial implementations of [[CAPTCHA]] (in the form of the Gausebeck-Levchin test) and a program called "Igor" that identified and froze online activity that appeared fraudulent.<ref name="paypal-wars" /><ref>{{cite web|url=http://www.businessweek.com/stories/2002-09-30/max-levchin-online-fraud-buster|title = Max Levchin: Online Fraud-Buster|publisher = [[BusinessWeek]]|date = September 30, 2002|accessdate = August 8, 2014}}</ref><ref name="levchin-tr">{{cite web|url=http://www2.technologyreview.com/tr35/profile.aspx?TRID=224|title = Max Levchin|publisher = ''[[Technology Review]]''|accessdate = August 8, 2014}}</ref>

| 2002 || February 15 || Company IPO || PayPal has its [[initial public offering]]. The offering is for 5.4 million shares at a share price of $13 (determined the previous evening by [[Salomon Smith Barney]], their investment bank), for a total of $70 million. The valuation of the company is about $800 million. On the launch date, the price of the shares peaks to $22 and closes at $20.<ref name="nasdaq">{{cite web|url=http://www.nasdaq.com/markets/ipos/company/paypal-inc-91149-15046|title = PAYPAL INC (PYPL) IPO|publisher = [[NASDAQ]]|accessdate = August 8, 2014}}</ref><ref name="paypal-wars" />

| 2002 || July 8 || Company buyout || It is announced that [[eBay]] will acquire PayPal using an all-stock acquisition, for $1.5 billion.<ref name="paypal-wars" /><ref>{{cite web|url=http://news.cnet.com/2100-1017-941964.html|title = eBay picks up PayPal for $1.5 billion|last = Kane|first = Margaret|date = July 8, 2002|accessdate = August 8, 2014|publisher = ''[[CNet]]''}}</ref><ref>{{cite web|url=http://www.paypalobjects.com/html/press/070802APEbayBuys.html|title = EBay Buys PayPal in $1.3 B Stock Deal|publisher = [[Associated Press]]|date = July 8, 2002|accessdate = August 8, 2014}}</ref>

| 2002 || October || Company buyout || eBay's acquisition of PayPal is formally completed.<ref name="paypal-wars" /><ref>{{cite web|url=http://venturebeat.com/2012/10/27/how-ebays-purchase-of-paypal-changed-silicon-valley/|title = How eBay’s purchase of PayPal changed Silicon Valley|last = Jackson|first = Eric M.|date = October 27, 2012|accessdate = July 8, 2014|publisher = ''[[VentureBeat]]''}}</ref>

| 2008 || November || Acquisitions by PayPal || PayPal acquires [[Bill Me Later]], an online payments company offering transactional credit at over 9000 online merchants in the US.<ref>{{cite web|url=https://www.paypal-media.com/releasedetail.cfm?ReleaseID=346724 |title=Paypal-Media.com |publisher=Paypal-Media.com |accessdate=January 20, 2011}}{{dead link|date=September 2011}}</ref>

| 2010 || July 28 || Product || PayPal removes the electronic withdrawal option for users in [[India]].<ref>{{cite web|url = http://techcrunch.com/2010/07/28/paypal-india-2/|title = Short Notice: PayPal Removes Electronic Withdrawal Option For Indian Users|date = July 28, 2010|accessdate = January 30, 2015|last = Wauters|first = Robin|publisher = ''[[TechCrunch]]''}}</ref>

| 2010 || October 26 || Product || PayPal unveils micropayments for digital goods, with [[Facebook]] as its first customer.<ref>{{cite web|url=http://techcrunch.com/2010/10/26/paypal-unveils-micropayments-for-digital-goods-facebook-signs-up/|title = PayPal Unveils Micropayments For Digital Goods, Facebook Signs Up Also, PayPal launches PayPal Apps for Merchants.|last = Rao|first = Leena|date = October 26, 2010|accessdate = January 30, 2015|publisher = ''[[TechCrunch]]''}}</ref><ref>{{cite web|url = http://techcrunch.com/2010/10/26/paypal-apps-launches-with-merchants-in-mind/|title = PayPal Apps Launches With Merchants In Mind|last = Rao|first = Leena|date = October 26, 2010|accessdate = January 30, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2011 || January 28 || Financial/legal || The [[Reserve Bank of India]] restricts PayPal payments to merchants to amounts under $100.<ref>{{cite web|url = http://techcrunch.com/2011/01/28/reserve-bank-of-india-restricts-paypal-payments-to-merchants-to-under-500/|title = Reserve Bank Of India Restricts PayPal Payments To Merchants To Under $500|last = Rao|first = Leena|date = January 28, 2011|accessdate = January 30, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2011 || June 27 || Userbase || PayPal reaches 100 million users.<ref>{{cite web|url=http://techcrunch.com/2011/06/27/paypal-hits-100-million-active-users/|title = June 27, 2011|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''|last = Rao|first = Leena}}</ref>

| 2011 || September 25 || Userbase || PayPal announces that it is processing $315 million in payments per day.<ref>{{cite web|url=http://techcrunch.com/2011/09/25/paypal-now-processing-315-million-in-payments-per-day/|title = PayPal Now Processing $315 Million In Payments Per Day|date = September 25, 2011|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''|last = Rao|first = Leena}}</ref>

| 2012 || January 6 || Product || PayPal announces that its first in-store brick and mortar integration will be with [[Home Depot]].<ref>{{cite web|url = http://techcrunch.com/2012/01/06/paypals-first-in-store-brick-and-mortar-retail-payments-integration-is-at-home-depot/|title = PayPal’s First In-Store, Brick And Mortar Mobile Payments Integration Is At Home Depot|last = Rao|first = Leena|date = January 6, 2012|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2012 || March 15 || Product || PayPal unveils [[PayPal Here]], its new global payment platform for small and medium-sized businesses, with a swipe-free option for customers, developed in collaboration with [[card.io]].<ref>{{cite web|url = http://techcrunch.com/2012/03/15/card-io-powers-paypal-here/|title = No Swipe Needed: PayPal Here Is Powered By Mobile Payment Startup Card.io|last = Empson|first = Rip|date = March 15, 2012|accessdate = January 30, 2015}}</ref><ref>{{cite web|url=http://mashable.com/2012/03/15/paypal-takes-on-square-launches-paypal-here-credit-card-reader/|title = PayPal Takes On Square, Launches 'PayPal Here' Credit Card Reader|last = Price|first = Emily|date = March 15, 2012|accessdate = January 30, 2015|publisher = ''[[Mashable]]''}}</ref>

| 2012 || April 4 || Product || PayPal rebrands its services for small businesses as PayPal Payments and debuts a number of online, offline, and mobile payment options.<ref>{{cite web|url = http://techcrunch.com/2012/04/04/paypal-debuts-tiered-suite-of-online-offline-and-mobile-payments-options-for-small-businesses/|title = PayPal Debuts Tiered Suite Of Online, Offline And Mobile Payments Options For Small Businesses|date = April 4, 2012|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2012 || May 30 || Product || PayPal InStore is released in the UK with barcodes, but no NFC.<ref>{{cite web|url=http://techcrunch.com/2012/05/30/baby-steps-to-nfc-paypal-instore-hits-the-uk-juniper-says-1-in-4-to-pay-with-nfc-phones-by-2017/|title = Updated: Baby Steps To NFC: PayPal InStore Hits The UK, With Barcodes, No NFC, In Sight|last = Lunden|first = Ingrid|date = May 30, 2012|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2012 || June 19–20 || Product || PayPal launches a new, redesigned, sleeker site.<ref>{{cite web|url = http://techcrunch.com/2012/06/19/a-redesigned-slicker-paypal-is-coming-tomorrow-some-seeing-new-look-today/|title = A Redesigned, Slicker PayPal Is Coming Tomorrow; Some Seeing New Look Today|last = Lunden|first = Ingrid|date = June 19, 2012|accessdate = January 29, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2012 || December 13 || Product || PayPal launches a "PayPal My Cash Card" that people can buy with cash (at pharmacies and supermarkets that make it available) and then use to make online purchases.<ref>{{cite web|url = http://techcrunch.com/2012/12/13/paypal-launches-prepaid-paypal-my-cash-card-allowing-cash-preferred-customers-to-shop-online/|title = PayPal Launches Prepaid "PayPal My Cash Card," Allowing Cash-Preferred Customers To Shop Online|last = Perez|first = Sarah|publisher = ''[[TechCrunch]]''|date = December 13, 2012|accessdate = January 29, 2015}}</ref>

| 2013 || September 9 || Product || PayPal debuts its new hardware platform, Beacon, a [[Bluetooth]] LE enabled device that facilitates hands-free checkins and payments.<ref>{{cite web|url=http://techcrunch.com/2013/09/09/paypal-debuts-its-newest-hardware-beacon-a-bluetooth-le-enabled-device-for-hands-free-check-ins-and-payments/|title = PayPal Debuts Its Newest Hardware, Beacon, A Bluetooth LE Enabled Device For Hands-Free Check Ins And Payments|date = September 9, 2013|accessdate = January 28, 2015|publisher = ''[[TechCrunch]]''|last = Rao|first = Leena}}</ref>

| 2013 || September 26 || Acquisitions by PayPal || PayPal acquires payments gateway company [[Braintree (company)|Braintree]] for $800 million USD in cash.<ref>{{cite web|url=http://techcrunch.com/2013/09/26/paypal-acquires-payments-gateway-braintree-for-800m-in-cash/|title = EBay’s PayPal Acquires Payments Gateway Braintree For $800M In Cash|last = Rao|first = Leena|last2 = Perez|first2 = Sarah|last3 = Lunden|first3 = Ingrid|date = September 26, 2013|accessdate = January 28, 2015}}</ref><ref>{{cite web|url=http://venturebeat.com/2013/09/26/paypals-dev-relations-head-on-why-it-acquired-braintree-we-need-to-be-like-them-interview/|title = PayPal’s dev relations head on why it acquired Braintree: ‘We need to be like them’ (interview)|date = September 26, 2013|accessdate = January 28, 2015|publisher = ''[[VentureBeat]]''|last = Hardawar|first = Devindra}}</ref><ref>{{cite web|url=http://www.forbes.com/sites/tomiogeron/2013/09/26/paypal-buys-braintree-for-800-million-for-mobile-payments/|title = PayPal Buys Braintree For $800 Million For Mobile Payments|last = Geron|first = Tomio|date = September 26, 2013|accessdate = January 28, 2015|publisher = ''[[Forbes]]''}}</ref><ref>{{cite web|url=http://readwrite.com/2013/09/26/paypal-braintree|title = PayPal Buys Braintree To Get A Foothold In App Payments|last = Thomas|first = Owen|date = September 26, 2013|accessdate = January 28, 2015|publisher = ''[[ReadWriteWeb]]''}}</ref><ref>{{cite web|url=http://www.usatoday.com/story/tech/2013/09/26/paypal-braintree-acquisition/2874891/|title = PayPal agrees to acquire Braintree for $800 million|last = Barr|first = Alistair|publisher = ''[[USA Today]]''|date = September 26, 2013|accessdate = January 28, 2015}}</ref>

| 2013 || November 27 || Product || PayPal launches support for prepaid gift cards, just in time for the 2013 holiday shopping season.<ref>{{cite web|url=http://techcrunch.com/2013/11/27/paypal-adds-support-for-prepaid-gift-cards-in-time-for-holiday-shopping/|title = PayPal Adds Support For Prepaid Gift Cards In Time For Holiday Shopping|date = November 27, 2013|accessdate = January 28, 2015|last = Shu|first = Catherine|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || March 8 || Product || PayPal rolls out its new "Mobile First" website globally.<ref>{{cite web|url=http://techcrunch.com/2014/03/08/paypal-is-rolling-out-its-new-mobile-first-website-globally-with-less-words-more-images/|title = PayPal Is Rolling Out Its New "Mobile First" Website Globally|date = March 8, 2014|accessdate = January 28, 2015|last = Lunden|first = Ingrid|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || May 15 || Product || The [[Google Play Store]] adds PayPal as a payment option, despite it being a direct competitor to [[Google Wallet]]. However, PayPal can only be used to buy apps and digital content, not devices and accessories.<ref>{{cite web|url=http://techcrunch.com/2014/05/15/google-play-store-adds-wallet-rival-paypal-as-a-payments-option/|title = Google Play Store Adds Wallet Rival PayPal As A Payments Option|date = May 15, 2014|accessdate = January 27, 2015|last = Lardinois|first = Frederick|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || June 12 || Product, international expansion || PayPal launches PassPort, a service aimed at facilitating international sales by merchants.<ref>{{cite web|url=http://techcrunch.com/2014/06/12/paypal-launches-passport-to-lure-more-international-sales-from-merchants/|title = PayPal Launches PassPort To Lure More International Sales From Merchants|last = Lunden|first = Ingrid|date = June 12, 2014|accessdate = January 28, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || July 30 || Product, international expansion || PayPal renames its "Bill Me Later" service as PayPal Credit and expands PayPal Credit as well as PayPal Working Capital internationally.<ref>{{cite web|url=http://techcrunch.com/2014/07/30/paypals-bill-me-later-service-becomes-paypal-credit-as-company-expands-credit-products-globally/|title = PayPal’s "Bill Me Later" Service Becomes "PayPal Credit," As Company Expands Credit Products Globally|date = July 30, 2014|accessdate = January 28, 2015|last = Perez|first = Sarah|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || September 23 || Product || PayPal enables Bitcoin transactions for merchants selling digital goods, claiming that it would earn transaction revenue through referral fees.<ref>{{cite web|url=http://techcrunch.com/2014/09/23/paypal-bitcoin/|title = PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods|date = September 23, 2014|accessdate = January 27, 2015|last = Cutler|first = Kim-Mai|publisher = ''[[TechCrunch]]''}}</ref><ref>{{cite web|url=http://www.theverge.com/2014/9/23/6834437/paypal-adds-limited-bitcoin-support|title = PayPal adds limited Bitcoin support|last = Jeffries|first = Adrianne|date = September 23, 2014|accessdate = January 28, 2015|publisher = ''[[The Verge]]''}}</ref><ref>{{cite web|url=http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/|title = PayPal Announces First Partnerships in Bitcoin Space|last = Rizzo|first = Pete|date = September 23, 2014|accessdate = January 28, 2015|publisher = [[CoinDesk]]}}</ref> Bitcoin's price rises rapidly in response to the announcement.<ref>{{cite web|url=http://techcrunch.com/2014/09/23/bitcoins-price-skyrockets-following-paypals-hug/|title = Bitcoin’s Price Skyrockets Following PayPal’s Hug|date = September 23, 2014|accessdate = January 27, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2014 || September 30 || Company restructuring || It is announced that PayPal will be split off from [[eBay]].<ref>{{cite web|url=http://techcrunch.com/2014/09/30/ebay-paypal-split/|title = eBay And PayPal To Split Into Two Separate Companies|last = Etherington|first = Darrell|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[TechCrunch]]''}}</ref><ref>{{cite web|url=http://techcrunch.com/2014/09/30/ebays-dark-binary-star-is-finally-exploding/|title = Ebay’s Dark Binary Star Is Finally Exploding|last = Biggs|first = John|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[TechCrunch]]''}}</ref><ref>{{cite web|url=http://www.cnbc.com/id/102037051|title = EBay and PayPal to split into two separately traded companies|last = Faber|first = David|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[CNBC]]''}}</ref><ref>{{cite web|url=http://www.forbes.com/sites/stevenbertoni/2014/09/30/ebay-and-paypal-to-split-carl-icahn-and-elon-musk-wish-comes-true/|title = Ebay And PayPal To Split: Carl Icahn And Elon Musk Wish Comes True|last = Bertoni|first = Steven|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[Forbes]]''}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2014-09-30/ebay-announces-plan-to-separate-from-payments-unit-paypal|title = EBay to Split Off PayPal as Mobile Payments Gain Ground|last = Soper|first = Spencer|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[Bloomberg News]]''}}</ref><ref>{{cite web|url=http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/11134139/The-five-reasons-behind-PayPals-split-from-eBay.html|title = The five reasons behind PayPal's split from eBay|last = Rushton|first = Katherine|date = October 1, 2014|accessdate = January 28, 2015|publisher = ''[[The Telegraph (UK)|The Telegraph]]''}}</ref> Both companies would get new CEOs as part of the deal, with eBay Marketplaces President Devin Wenig taking over at eBay, and PayPal President Dan Schulman presiding at PayPal.<ref>{{cite web|url=http://techcrunch.com/2014/09/30/paypal-to-be-led-by-amex-exec-dan-schulman-devin-wenig-replaces-donahoe-at-ebay/|title =  

Dan Schulman To Lead Newly Independent PayPal, Devin Wenig Will Be CEO Of eBay Inc.|last = Lunden|first = Ingrid|date = September 30, 2014|accessdate = January 28, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2015 || March 2 || Acquisitions by PayPal || PayPal acquires Paydiant, a [[Boston]]-based startup that makes mobile wallet technology that powers payment apps for businesses such as [[Subway (restaurant)|Subway]], [[Harris Teeter]], and [[Capital One]], and more importantly MCX, a merchant exchange network developing a payment app called CurrentC.<ref>{{cite web|url = http://techcrunch.com/2015/03/02/paypal-paydiant/|title = PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple|last = Lunden|first = Ingrid|date = March 2, 2015|accessdate = July 8, 2015|publisher = ''[[TechCrunch]]''}}</ref>

| 2015 || March 10 || Acquisitions by PayPal, product, international expansion || PayPal acquired CyActive, a predictive malware detection startup based in [[Israel]], and uses the acquisition to kickstart a security hub in Israel.<ref>{{cite web|url=http://techcrunch.com/2015/03/10/paypal-confirms-acquisition-of-cyactive-plans-to-open-new-security-hub-in-israel/|title = PayPal Doubles Down On Israel: Confirms CyActive Acquisition, New Security Hub|date = March 10, 2015|accessdate = July 8, 2015|publisher = ''[[TechCrunch]]''|last = Lunden|first = Ingrid}}</ref><ref>{{cite web|url=https://www.paypal-community.com/t5/PayPal-Forward/PayPal-Establishes-New-Security-Center/ba-p/956298|title = PayPal Establishes New Security Center|last = Barrese|first = James|date = March 10, 2015|accessdate = July 8, 2015|publisher = [[PayPal]]}}</ref>

| 2015 || June 3 || Legal || An as-of-yet unimplemented update to PayPal's terms of service is leaked by [[GHacks]] onto the Internet, the terms indicating that customers must agree to accept robocalls from PayPal at numbers not provided to PayPal, which may be procured by PayPal using "alternate means." The leaked terms indicate a customer may accept the terms or close their account.<ref>{{cite web|last1=Brinkmann|first1=Martin|title=PayPal: accept robocalls and automated texts, or close your account|url=http://www.ghacks.net/2015/06/03/paypal-accept-robocalls-and-automated-texts-or-close-your-account/|website=gHacks|publisher=gHacks Technology News|accessdate=5 June 2015}}</ref> PayPal later announced that the updated terms are intended to "honor customers’ requests to decline to receive auto-dialed or prerecorded calls," causing further confusion and attention from the press.<ref>{{cite web|last1=Heisler|first1=Yoni|title=PayPal responds to Internet fury over its new terms of service|url=https://bgr.com/2015/06/04/paypal-user-agreement-robocalls-autotext-opt-out/|website=BGR|publisher=BGR Media, LLC|accessdate=5 June 2015}}</ref>

| 2015 || July 1 || Acquisitions by PayPal || PayPal agrees to buy [[Xoom Corporation|Xoom]], a [[San Francisco]]-based online money transfer technology and services company that went public in 2013, for $25 per share, or $890 million. Xoom's focus is on facilitating international money transfers.<ref>{{cite web|url=http://techcrunch.com/2015/07/01/paypal-agrees-to-buy-xoom-for-890-million/|title = PayPal Agrees to Buy Xoom for $890 Million|last = Loizos|first = Connie|date = July 1, 2015|accessdate = July 8, 2015|publisher = ''[[TechCrunch]]''}}</ref><ref>{{cite web|url=http://www.forbes.com/sites/ryanmac/2015/07/01/paypal-acquires-digital-money-transfer-company-xoom-before-ebay-split/|title=PayPal Acquires Digital Money Transfer Company Xoom Before eBay Split|publisher=Forbes|accessdate=January 20, 2011}}</ref>

| 2015 || November 12|| Financial ranking || In June 2016, it was announced that PayPal had joined the [[Fortune 500]] for the first time.<ref>{{cite web|url=http://fortune.com/2016/06/06/fortune-500-companies-making-debuts/ |title=Here Are The 15 New Companies Joining The Fortune 500|publisher=fortune.com |date=2016-06-06 |accessdate=2016-06-07}}</ref>

|[[PayPal]] launched a [[Slack]] bot for peer-to-peer payments<ref>{{Cite news|url=https://techcrunch.com/2017/02/07/paypals-first-payments-bot-is-a-slack-app/|title=PayPal’s first payments bot is a Slack app|publisher=TechCrunch|author=Sarah Perez|date=7 February 2017|access-date=8 February 2017}}</ref> with the shortcode/paypal and a user’s Slack handle.<ref>{{Cite news|url=http://venturebeat.com/2017/02/07/paypal-launches-slack-bot-for-peer-to-peer-payments/|title=PayPal launches Slack bot for peer-to-peer payments|publisher= VentureBeat|author=Khari Johnson|date=7 February 2017|access-date=8 February 2017}}</ref>

[[Category:PayPal]]

[[Category:Technology company timelines|PayPal]]

[[Category:Payment company timelines]]