PayPal Holdings Inc., the online payment system, is now accepted at 712 of the 1000 online retailers ranked in Internet Retailers’ 2019 Top 1000. The Top 1000 is a ranking of the largest online retailers in North America, ranked by ecommerce sales.
PayPal is the fifth-most popular payment method accepted with the Top 1000 retailers. Of the 712 retailers, eight of the top 10 accept PayPal and 88 also accept PayPal credit in addition to PayPal.
Originally founded in late 1998 under the name Confinity, PayPal has become a leader in payment processing for online retailers. PayPal was acquired by online marketplace eBay Inc. in 2002, but in 2015 eBay spun off PayPal and then split with the company in 2018, making PayPal an independent corporation with over 200 million businesses accepting it around the world.
Want to read more? Unlock Free Strategy Membership