1. PayPal The Online Payment Company.

2. Introduction PayPal PowerPoint Presentation By: Jalik Parham

3. Topics of Discussion The History Of Paypal The Growth of PayPal How The Service Works Uses for Send Money eBay’s Acquisition of PayPal Competitors Complaints

4. The History Of Co-Founders: Peter Theil and Elton Musk. Theil was a securities lawyer and a options trader and Musk was a engineer and a model from South Africa. Founded in 12/1998

5. The Growth of PayPal Oct 99 – 24 Members Dec 99 – 12,000 Members Feb 00 – 100,000 Members Apr 00-1,000,000 Mmebers

6. How The Service Works

7. Uses for Send Money Pay for an auction item Split a Restaurant Bill Send Money to your friends or family Pay Bills Play Prof. Kopec in a game of chess for a couple of dollars. Free Advertisement: www.kopecchess.com

8. eBay’s Acquisiton Ebay acquired PayPal for $1.5 Billion in 2002 eBay integrated PayPal’s services with their own.

9. Competitors eMoneyMail, Ecount, payMe.com CheckFree, Gmoney.com, MoneyZap, PayMe.com, PayPlace.com PayPal simply does it better, cheaper, and faster than the rest. They also had the first move advantage.

10. How PayPal Makes $$ Float; PayPal re-invests funds that sit in member’s PayPal accounts. They charge approximately 2.5% of the dollar amount to the recipients of PayPal transfers.

11. Complaints about PayPal Poor Customer Service Credit protection policies are flimsy The approx. 2.5% charge is too high “Double Taxation” – “Tax” by eBay and “Tax” by PayPal www.aboutpaypal.org, www.paypalsucks.com, www.paypalwarning.com, www.aboutpaypal.org www.paypalsucks.com www.paypalwarning.com

12. The Future of PayPal PayPal has a bright future. They are considering branching out into a full fledge online bank with many banking products. They will continue to expand their successful integration with eBay.

13. Thank You For Your Time Jalik Parham