Here are 13 Interesting PayPal facts.
1-5 PayPal Facts
1. In 2013 PayPal accidentally credited $92 quadrillion to a Pennsylvania man. – Source
2. When Paypal was started they gave $20 to everyone that made an account and $20 for every person they referred. This cost them 60-70 million dollars but they had 100,000 costumers, in the month PayPal went online. – Source
3. Elon Musk was ousted from Paypal when he wanted to move everything from Unix to Microsoft. – Source
4. Paypal was voted one of the 10 worst business ideas of 1999. – Source
5. Around 20 years ago, PayPal was originally called ‘X’. – Source
6-10 PayPal Facts
6. Venture capitalist Peter Thiel co-founded PayPal to wipe out currency inflation worldwide. – Source
7. A restriction by Paypal was necessitated some years back because many Nigerians used the payment platform to defraud many foreign buyers on eBay. – Source
8. You can give money via Paypal to North Korea but not to Wikileaks. – Source
9. Elon Musk had to borrow money to pay rent after he spent all $180 million from PayPal. – Source
10. PayPal made eBay customer destroy his $2,500 violin and gave the owner nothing. – Source
11-13 PayPal Facts
11. ProtonMail, a service that provides encrypted email messaging, had its PayPal account frozen when it received mass funding through Indiegogo because PayPal doubted the legality of the encryption. – Source
12. 72% of US online shoppers have a PayPal account. – Source
13. Chad Hurley, one of the founders of Youtube, helped design the original PayPal logo. – Source
Elon Musk spent the money from Paypal funding Tesla and Space X. He didn’t just spend it on whatever