In the second quarter of 2020, PayPal’s net payment volume amounted to 221.7 billion U.S. This has made PayPal a leader in the mobile payments industry. The PayPal One Touch feature means users can register their hardware device and make purchases with it at millions of sites with one-click. This has been especially true for mobile purchases, which is the largest growing e-commerce segment. PayPal has also been a boon for merchants, who see increased conversions for customers who use PayPal. This speeds the check out process and makes identity theft less likely.
And it has accomplished that by allowing consumers to check out at online sites without entering credit card or banking information. PayPal was launched to make online shopping easier, faster, and more secure. In 2020, PayPal stock nearly doubled going from around $100 to over $200 in November as stay-at-home stocks and those services facilitating them saw amazing gains due to lockdown restrictions. PayPal stock underperformed the underlying Nasdaq in 2019, with PayPal returning 28.6% while the Nasdaq returned 35.2%. 2018 was a consolidation year for the stock, with the stock remaining in a range of $86.32 to $93.44 a share before finishing the year nearly unchanged at $85.75. From January 2017 to January 2018, PayPal stock went from $40.35 to $86.32 for a gain of more than 100%.
Shares remained in a range of $30 to $40 from then until the beginning of 2017 when they finally began to take off in response to significant growth in PayPal’s revenues and profits. PayPal Holdings (NASDAQ: PYPL) debuted on the Nasdaq exchange in July 2015 at $38 a share after being spun off from eBay. Perhaps none so much as PayPal, which has positioned itself to take advantage of this trend long into the future. PayPal StockĪs global societies have been moving away from physical cash and towards digital payment methods in the 21st century, companies that facilitate such payments have benefited greatly. In 2015 PayPal was spun off as an independent entity, and investors have had access to PYPL for stock trading ever since. It was used so heavily on eBay that the company acquired PayPal and made it the official transfer service for eBay in 2002. PayPal grew steadily in the late 1990s but became really popular thanks to its use as a payment facilitator on the auction site eBay. It achieves this by keeping its users’ credit card and bank account numbers from being transmitted over the internet. How PayPal worksĪs well as moving funds more quickly and easily, Paypal also has the goal of making online purchases more secure. By creating an account with PayPal and then connecting a bank account or credit card, users can send and receive money all around the world. The company is involved in facilitating payments and funds transfers for users across the globe. PayPal was created in 1998 as an electronic commerce platform, and ever since going public in 2002, the stock has been a favourite of investors.
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