If you've never heard of an Internet company called Paypal, then you must not buy or sell any items on eBay, the world's largest online auction. Because, though they are run separately, the two companies business transactions go hand in hand.

The two companies, Paypal and eBay, make a good team because Paypal is an electronic bank of sorts. Therefore, anyone who buys or sells items on eBay can pay for their purchases or collect their money by using Paypal.

Paypal was established in 1998, and it was purchased by eBay a few years later in 2002. It cost eBay a whopping $1.5 billion dollars to acquire the payment processing company. Paypal is now located in Mountain View, California.

While Paypal has been growing every day, it has also been receiving awards and accolades along the way too. The company has won the People's Voice Award and the Webby Award for the Best Finance Site. It has also been named one of The Top 100 Web Sites by PC Magazine, one of the Top 25 Companies by Fortune Small Business, and Forbes' Favourite Email Payment Processor, just to name a few of the company's achievements.

To set up your account simply follow the linked icon below and follow some very simple steps, that's really all it takes.

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