Paypal is an ecommerce global business allowing money transfer and payments to be made through the internet. The online money transfer serves as electronic alternative to traditional paper methods like money orders and checks. It operates as auction site which transfer money to online vendors and other commercial users for which it charges a cost. It is world’s largest internet companies which provide online payments. Paypal was founded by the Palo Alto, California in 1998 June. The company is headquartered in San Jose, California, U.S.