PayPal ended the quarter with 169 million active accounts, an increase of 11%, and up from 165 million active accounts at the end of Q1.
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I first experienced PayPal through eBay. PayPal is an online payment processor, escrow provider, lender, and an online bank account. But at the heart of it, PayPal is an online payment processor. eBay PayPal back in 2002 for $1.4 billion following the crash of the dot com bubble. PayPal soon become the most popular payment method on eBay, and eBay would eventually make PayPal the required payment method for most purchases.
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