PayPal

American multinational financial technology company

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July 2025 PayPal announced a strategic collaboration partnership with Fiserv.
2025 PayPal launched another ad campaign starring Will Ferrell, using an altered version of Fleetwood Mac's 'Go Your Own Way'.
May 2025 Honey's userbase had reduced to 16 million from an original 20 million, with 4 million users lost. Similar class action lawsuits were filed against industry competitors like Microsoft Shopping and Capital One Shopping.
2025 Elon Musk begins serving as a senior advisor to United States President Donald J. Trump and as head of the Department of Government Efficiency (DOGE).
2025 Peter Thiel begins helping the management of the Elon Musk-led Department of Government Efficiency (DOGE) during the second presidency of Donald Trump.
March 2025 Google updated extension terms and conditions to explicitly disallow extensions claiming affiliate commissions without providing discounts. In response, Honey updated their extension to stop claiming affiliate revenue when no discount is available.
January 3 2025 GamersNexus filed a second class action lawsuit against PayPal through law firm Cotchett, Pitre & McCarthy, LLP, claiming conversion, interference with contract relations, and violation of North Carolina's Unfair and Deceptive Trade Practices Act.
2024 PayPal introduced the ability to add PayPal debit cards to Apple Wallets, launching their biggest ad campaign to date featuring a commercial with Will Ferrell singing a revised version of Fleetwood Mac's 'Everywhere' before the first ESPN Monday Night Football broadcast of the season.
2024 Elon Musk donated over $250 million to Donald Trump's re-presidential campaign, demonstrating significant political financial support.
2024 After the United States presidential election, several PayPal Mafia members assumed significant government roles under Donald Trump's administration: JD Vance became Vice President, Elon Musk was appointed head of the new Department of Government Efficiency (DOGE), and David Sacks became an advisor on AI and cryptocurrencies.
December 2024 YouTuber MegaLag released a video alleging Honey browser extension manipulates affiliate marketing links through a practice resembling cookie stuffing, claiming the extension re-attributes sales and controls discount code presentations.
December 29 2024 A class action lawsuit was filed in United States federal court by three law firms, including one owned by YouTuber LegalEagle, against PayPal over Honey's affiliate marketing practices. Sam Denby of Wendover Productions and Ali Spagnola were named as plaintiffs.
September 17 2024 PayPal redesigns its logo, creating a simpler visual identity for the company.
2023 PayPal became a member of the MACH Alliance.
August 2023 PayPal launched its U.S. dollar stablecoin called PayPal USD (PYUSD) for payments and transfers.
August 27 2023 PayPal named Alex Chriss, a former Intuit executive, as its new CEO, effective September 27, 2023.
June 2023 Honey concluded its jersey sponsorship with the Los Angeles Clippers at the end of the 2022–23 NBA season.
February 2023 PayPal announced layoffs of 2,000 workers (7% of its workforce). CEO Dan Schulman also announced he would step down by the end of 2023.
2022 PayPal was ranked 143rd on the Fortune 500 list of largest United States corporations by revenue.
2022 Honey's trade name is changed to PayPal Honey.
October 2022 PayPal published and then quickly retracted an Acceptable Use Policy update that proposed a $2,500 fine for accounts spreading misinformation, following significant criticism.
September 2022 PayPal closed the accounts of British social commentator Toby Young, the Free Speech Union, and The Daily Sceptic website, alleging COVID-19 misinformation, but reversed the decision days later.
March 2022 PayPal introduced a new fee structure for cryptocurrency transactions, with flat fees for transactions under $200 and percentage-based fees for larger transactions.
September 8 2021 PayPal acquired Paidy for $2.7 billion, expanding its presence in the Japanese digital payments market.
July 2021 PayPal announced a collaboration with the Anti-Defamation League to analyze user transactions and investigate extremist and hate group finances.
January 2021 PayPal became the first foreign operator with 100% control of a payment platform in China.
2020 The Better Business Bureau initiates an inquiry into a Honey advertisement claim, which is subsequently resolved.
December 2020 PayPal acquired Honey Science Corporation for approximately $4 billion, making it a subsidiary of PayPal.
October 2020 Honey expanded its NBA sponsorship to include game jerseys for the Los Angeles Clippers during the 2020–21 NBA season.
October 21 2020 PayPal announced a new service allowing customers to use cryptocurrencies to shop at 26 million merchants, starting in 2021, with support for bitcoin, Litecoin, Ethereum, and Bitcoin Cash.
December 2019 Amazon claims the Honey extension is a security risk that sells personal information.
November 20 2019 PayPal acquired Honey for $4 billion, adding consumer savings and rewards technology to its portfolio.
November 14 2019 PayPal discontinued payments to Pornhub models, alleging unauthorized business payments.
October 2019 Honey became a practice jersey sponsor for the Los Angeles Clippers during the 2019–20 NBA season, marking their entry into sports sponsorship.
March 19 2019 PayPal announced a partnership with Instagram for its new checkout feature 'Checkout on Instagram'.
September 2018 PayPal banned radio host Alex Jones and his website InfoWars, claiming hateful and discriminatory content.
June 22 2018 PayPal acquired Simility for $120 million, further improving its fraud detection and risk management technologies.
June 19 2018 PayPal acquired Hyperwallet for $400 million, enhancing its cross-border payment capabilities.
May 17 2018 PayPal acquired iZettle for $2.2 billion, expanding its point-of-sale and mobile payment technologies in Europe.
January 2018 Honey has raised a total of $40.8 million in venture backing.
March 2017 Honey raises a $26 million Series C funding round, led by Anthos Capital.
February 2017 PayPal froze the account of News Media Canada, a Canadian trade association, citing U.S. regulations for a transaction between Canadian entities.
February 14 2017 PayPal acquired TIO Networks for $233 million, likely to expand its bill payment services.
August 2016 PayPal discontinued its Student Accounts program, which had allowed parents to set up accounts and obtain debit cards for students.
2015 PayPal froze funds for 150,000 Spanish cardholders in a fraud case involving service provider Younique Money, and had previously charged €15 to all card users without authorization.
2015 PayPal agreed to pay a $25 million fine to settle a complaint filed by the Consumer Financial Protection Bureau regarding PayPal Credit.
September 1 2015 PayPal launched its peer-to-peer payment platform 'PayPal.Me' in 18 countries, enabling users to create custom links for fund requests.
July 20 2015 PayPal was relisted on Nasdaq under its original ticker symbol PYPL.
July 18 2015 PayPal completed its spin-off from eBay as a separate publicly traded company.
July 2 2015 PayPal acquired Xoom Corporation for $890 million, strengthening its international money transfer services.

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