  PayPal is an account-based system that allows anyone with an email address to
send and receive online payment s. This service is easy to use for customers.
Members can instantaneously send money to anyone. Recipients are informed by
email that they have received a payment. PayPal is also available to people in
38 countries. This paper starts with introduction to the company and its
services. The information about the history and the current company situation
are covered. Later some interesting and different technical issues are
discussed. The Paper ends with analysis of the company and several future
recommendations.
