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→International Expansion
==International Expansion==
==International Expansion==
In 2004, PayPal was introduced as payment option for eBay consumers in United Kingdom. Following in 2005, PayPal opened its first office in China and introduced its website under the simplified Chinese Name BeiBao 贝宝在中国推出。. By 2006, the company expanded in 103 markets and started accepting payments in different currencies.By 2007, PayPal introduced the VISA debit or credit card as a new method to withdraw money for users in 23 countries. PayPal users in the Philippines, Indonesia and India are able to withdraw their money through their local bank account. In 2008, the company have been operating different sites in Asia using 8 different languages. At present, PayPal has 153 million accounts within 173 countries and accepting transactions in 24 currencies around the world.<ref>[http://www.paypal-apac.com/sg/about-paypal/history-of-paypal.aspx PayPal History]</ref>
In 2004, PayPal was introduced as payment option for eBay consumers in United Kingdom. Following in 2005, PayPal opened its first office in China and introduced its website under the simplified Chinese Name BeiBao 贝宝在中国推出。. By 2006, the company expanded in 103 markets and started accepting payments in different currencies.By 2007, PayPal introduced the VISA debit or credit card as a new method to withdraw money for users in 23 countries. PayPal users in the Philippines, Indonesia and India are able to withdraw their money through their local bank account. In 2008, the company have been operating different sites in Asia using 8 different languages. At present, PayPal has 153 million accounts within 173 countries and accepting transactions in 24 currencies around the world.<ref>[http://www.paypal-apac.com/sg/about-paypal/history-of-paypal.aspx PayPal History]</ref>
==PayPal Business Model==
PayPal's business model allows costumers to choose how to conduct their transactions. Customers can send and received payments by:<ref>[http://www.law.unc.edu/documents/journals/articles/289.pdf Online Peer-to-Peer Payments:PayPal Primes the Pump, Will Banks Follow?]</ref>
* providing fund in a bank account where a customer has access to it
* using a Wells Fargo Bank wire transfer in behalf of PayPal to a third party bank account in the name of the customer
* Wells Fargo Bank processing a check payable to a customer who is selling goods or services
* sweeping funds in the PayPal Money Market Fund to purchase shares in the customers name
* pooling funds with other customer funds and putting it at a FDIC-insured bank under the bank account PayPal, Inc., which serves as agent for the benefit of its customers
==Leadership==
==Leadership==