How Did PAYPAL Get So Big?

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PayPal is a Fortune 500 company that provides a service used by millions of people for billions in payments each year. This video talks about how the different stages of the company and how each one helped them grow this big.
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Company Declines:
Kmart: • The Decline of Kmart.....
Blockbuster: • The Decline of Blockbu...
RadioShack: • The Decline of RadioSh...
Solo Cups: • The Decline of Solo......
Toys "R" Us: • The Decline of Toys R ...
hhgregg: • The Decline of hhgregg...
Pan Am: • The Decline of Pan Am....
ESPN: • The Decline of ESPN......
Gibson: • The Decline of Gibson....
iHeartMedia: • The Decline of iHeartM...
Bon-Ton: • The Decline of Bon-Ton...
Kodak: • The Decline of Kodak.....
General Electric: • The Decline of General...
Woolworth: • The Decline of Woolwor...
Dell: • The Decline of Dell......
Sears: • The Decline of Sears.....
Payless: • The Decline of Payless...
Hostess: • The Decline of Hostess...
Redbox: • The Decline of Redbox....
Nokia: • The Decline of Nokia.....
JCPenney: • The Decline of JCPenne...
Quiznos: • The Decline of Quiznos...
GameStop: • The Decline of GameSto...
NASCAR: • The Decline of NASCAR....
Shopko: • The Decline of Shopko....
MoviePass: • The Decline of MoviePa...
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Опубликовано:

7 сен 2024

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Комментарии : 760

@jamestrickingtonIII 5 лет назад

Ten years from now Company Man is going to be doing a How Did Company Man Get So Big? video

@benjigruber9292 5 лет назад

The Rise and fall of Company Man.

@jamestrickingtonIII 5 лет назад

BCGTR 😔

@famousflores1895 5 лет назад

The rise and fall and RISE again of Company Man.

@jamestrickingtonIII 5 лет назад

Famous Flores 😃

@JamesSmith-rb5lv 5 лет назад

We can make it 2 years

@Alex-zq9ru 5 лет назад

“It all started with two guys. Max Pay, and Peter Pal.”

@Umair1 5 лет назад

haha thats what i was expecting lool

@genesisadams6029 5 лет назад

😂

@dennis20014 4 года назад

Hahah omg too funny

@bderrick4944 3 года назад

Together, they started PeterMax

@brandonemmanuel5032 3 года назад

Hahaha it’s actually funny.

@russcastella 5 лет назад

Him: Let me explain the benefits. Pretend I owe you money.... Me: *SOLD*

@eagamesClucas 5 лет назад

You forgot that the founders of RU-vid used to work for PayPal.

@lesedi428 5 лет назад

I thought he was gonna mention the PayPal mafia but he didnt

@wild1310 5 лет назад

mgtow movement for men stfu

@mattfahringer148 4 года назад

@@wild1310 no you

@wild1310 4 года назад

matt fahringer great insult 🤗

@zink5664 3 года назад

And linkden

@dopemusic6414 5 лет назад

Shout out to my teacher who said I would end up working at McDonald's, I start tomorrow.

@makehumanitygreatagain8128 5 лет назад

@Austin Martín Hernández 😂😂😂😂

@eamartig 5 лет назад

Rowdy Jr. Ew

@bracconiere2868 5 лет назад

my teacher just asked the class who stole money out of her purse....

@NicholasLittlejohn 5 лет назад

HQ I hope

@Albinary 4 года назад

@@SockTeamStudios_Official you win the youtube commrnt awards of 2019.

@saifzamer5432 5 лет назад

Elon got so rich his hairline made a comeback

@DrZbo 5 лет назад

Those baby foreskin injections are good shit

@sasshole8121 5 лет назад

tell me about it, he went from geek to sleek to freak

@LukusCannon 5 лет назад

@@sasshole8121 if you mean freak in the sheets - Amber Heard, Cameron Diaz, and Grimes.

@naughtyUphillboy 4 года назад

@@sasshole8121 He is no freak..........what was inside it came out..........

@Anarcho_Insurrection 4 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ULeDlxa3gyc.html

@crazykev6491 5 лет назад

Omg. I so remember having to write checks to eBay sellers for an auction. Wow. I’m from the dark ages. 😂

@me3333 5 лет назад

I remember when sellers would request a "postal money order" I don't miss filling out all those damn money orders

@ohla300 5 лет назад

I can't imagine that at all. Wow! Don't know what you got till it's gone. I'm thankful for the convenience but It would be nice to do things the paper way.

@drsharonjohnson7773 5 лет назад

Hey FriendI am glad we got connected. I am Doctor Marina Wilson from Australia. I intend to visit your nation next month for Tourism and i saw your profile and got attracted to it. i will like if we can keep in touch through my email because I am not always on facebook due to the nature of my job.i have a lot to share with you including my pictures thanksContact me (marinawilson142@gmail.com)

@jacob5395 4 года назад

@@drsharonjohnson7773 Yep, email checks out, not sure if I should take this as a joke but... I would like to refer you all to the youtube channel "Atomic Shrimp" ru-vid.com.

@vaderladyl 4 года назад

Wow. I had my Ebay for almost as long as yours but I really started using it when they started using Paypal way back. Still had to send checks for other merchants though.

@humpheadsassy4400 5 лет назад

Elon Musk must have discovered age-reversal technology, because he looked like he could be his own dad back two decades ago.

@user-yj4qz5lo6k 5 лет назад

Dominic Trybus or a hair transplant with the best company “DHI”

@claudiobizama5603 5 лет назад

I'm still waiting for those genetic engineered catgirls Elon

@nsa7074 5 лет назад

@@claudiobizama5603 Our lord and savior Elon Musk will bring them one day. Along with shipgirls, like from Azur Lane

@yaj1v 5 лет назад

That's what happens when you overwork yourself and become stressed. Look at Edward Snowden.

@noahmartini6087 5 лет назад

He went from season 1 Michael to season 3 Michael.

@arthurobrien7424 5 лет назад

"If you are not familiar" is part of your brand, but this time I really had to raise an eyebrow.

@albertmendez2262 5 лет назад

Arthur O'Brien What next? “If you’re not familiar with Google...”

@rq3246 5 лет назад

Arthur O'Brien what’s PayPal?

@gwg 5 лет назад

If you're not familiar with RU-vid...

@Picaboo916 5 лет назад

Here comes a new meme format.

@eyeheartsushi2212 5 лет назад

GewelDig hahaha

@saadmalik9206 5 лет назад

You didn't mention that paypal generally gives legitimacy to smaller retailers given thier policy. I'm much more comfortable giving a merchant money if they accept PayPal regardless of if Im using it at the time or not.

@runarandersen878 5 лет назад

It is true. They can sometimes be a bit exspensive, but they are safe.

@drsharonjohnson7773 5 лет назад

@shinysphinx8849 5 лет назад

Dr Sharon Johnson wtf...you don’t just put your email online like that. DM someone privately

@locke103 4 года назад

@@shinysphinx8849 pretty sure that's a bot.

@pilopet1150 4 года назад

@@drsharonjohnson7773 hey wait a min.. your not dr marina Wilson your dr sharon johnson!!!

@dcalbow 5 лет назад

Me: uses PayPal for the first time Literally 30 minute later: Company Man: Posts this video Me: 🤔

@Zinkolo 5 лет назад

You a good boyo that's why

@dylan9382 5 лет назад

@pigdemon19 5 лет назад

I have feet

@theenzoferrari458 5 лет назад

Fuck you noob. I've been using PayPal forever. I got rich off of it.

@xoxo-pp7ru 5 лет назад

When company man looks at your web browser history 😳🤫🤭🙈🙉🙊

@jettjohnson4995 5 лет назад

Winn Dixie, went from being one of the top grocery stores to bankrupt in less than 10 years, and is still going through a rebuilding process. Love your videos, thank you :)

@christopheralthouse6378 5 лет назад

"Winn-Dixie: What Happened?"

@christopherconard2831 5 лет назад

@@christopheralthouse6378 In a word, Publix. Their expansion almost matches Winn-Dixie's drop. Also, based what I've heard from people who used to work there, upper level mismanagement. When they decided to cut costs they did it by cutting staff and customer service.

@austinbetts5727 5 лет назад

Could you do Colgate? It would be interesting how they got to a f500 company when they only sell toothpaste (to my knowledge)

@lipstickzombie4981 5 лет назад

Colgate is only one brand from their company Colgate Palmolive. They're not just toothpaste but they have toothbrushes and mouthwash too.

@austinbetts5727 5 лет назад

@@lipstickzombie4981 yea, that makes more sense, but still, how on the 500? It's crazy, I use oral b for brush, Listerine for wash, and Crest for paste

@lipstickzombie4981 5 лет назад

@@austinbetts5727 I think I need to clarify on my only one brand comment ( English not my first language) but what I mean is it's only one brand out of the many brands the Colgate Palmolive company has. Besides the Colgate that covers dental care there's also Palmolive that makes personal hygiene stuff and other brands ( at least in my place) that does dishwashing products (Axion, Ajax), laundry products and even deodorant (Speedstick and Teen Spirit). It may vary from region to region.

@austinbetts5727 5 лет назад

@@lipstickzombie4981 damn

@christopheralthouse6378 5 лет назад

This sounds like a topic for Company Man's "Bigger Than You Know" series... There we go..."Palmolive: Bigger Than You Know"...you're welcome... 😅😅😅😅

@realbangbang 5 лет назад

I think you left out a critical fact about the creation of PayPal. *The PayPal Mafia!* I think one of the most influential variables on a new company's success is the abundance of vision, hard work and grit that the initial entrepreneurs provide. The fact that every one of the founders of PayPal ended up creating their own super successful tech company(s) is a big clue as to why PayPal did so well to begin with. It was set up for success from the start by these guys! Anyways, thanks for another interesting and informative video! I Love watching the content you make, it's such a fun way to learn about these companies that dominate so much of out daily lives yet go so unnoticed by most of us! *Thanks!*

@mikeoleksa 3 года назад

Who would have thought that just over a year and a half after this video was published the relationship between Ebay and PayPal is being dissolved. They have a new Amsterdam based payment company coming on board, called Ayden. Supposedly they already handle these services for Netflix, Uber, and Spotify. As an Ebay seller, I'm pretty happy about it. Payments for items sold goes directly to my bank account now. PayPal was becoming more and more difficult to deal with also. Maybe a video about Ayden is in the future for Company Man.

@reistje 5 лет назад

It's also pretty popular in Europe. I'm Dutch we have a payment system called iDeal, however for international payments you will need CreditCard of PayPall. PayPall is easy to use and create and doesn't require a steady income.

@sirBrouwer 5 лет назад

That's the same reason/way i use it.

@kirbymarchbarcena 5 лет назад

Elon may have been fired as CEO but look at him now

@Pouzdraken 4 года назад

“Sorry Elon, you’re fired” Elon: ok *launches his car into space*

@KingShade1 Год назад

And the buys freakin' Twitter...

@dylan9382 5 лет назад

Please talk about the decline of the drive in movie theater

@me3333 5 лет назад

I think (at least I hope) in my town they might be making a bit of a comeback, someone has bought the one local to me and updated it and it has been really busy all summer.

@dylan9382 5 лет назад

Really?,nice!

@me3333 5 лет назад

@@dylan9382 I don't know if they are making enough money from their investment to keep it going, if I had to guess I would say so but it seems to be real popular and I dig it

@EliteGeeks 5 лет назад

PayPal is losing its footing, you need to see 2019. They were going to stop refunding the fees when a person wanted a refund and that even made me delete my account about 2 months ago

@attheworktable 5 лет назад

They are also hacking account and taking money from people without any notice. PayPal is fraudulent and criminal.

@TheTurpin1234 5 лет назад

New video: rise and fall of paypal.

@mclaine33 5 лет назад

Yea they have become greedy bastards lately.

@theucrafter1666 5 лет назад

They limit accounts alot to

@Skylancer727 5 лет назад

Expect their stock value to plummet soon. With all the other card holders making online programs and Apple Pay, Samsung Pay, and Android Pay basically making it obsolete I'm expecting their value to go down the tubes in the next 3 years. Their big value was being the first and only online based money transfer program. That's not really true anymore. Everyone else is pushing them out of their own market.

@RockyC89 5 лет назад

I remember paying for my eBay purchases with a money order. Crazy times.

@garlandragland 5 лет назад

It's amazing that actually worked. I remember paying for purchases with them and also receiving money orders as payments. What's nuts is 2 years ago someone actually messaged me to ask if I take money orders LOL.

@vaderladyl 4 года назад

@@garlandragland You won't believe how much money orders are still being used today. Especially for people that cannot have bank accounts and don't use cards and people from many developing countries that don't have online networks like the US.

@ThatCuteMacaw 5 лет назад

They're so big now because they fee the hell out of everyone.

@Dj.MODÆO 5 лет назад

Alexander Wedlin Also, they intentionally delay all transfers to collect interest off them. Not as bad now as they did 12-16 years ago, but they still do it.

@travelingkaspersworld4096 5 лет назад

They got us once...we don't hate them but we ask people to use Venmo first, Paypal second

@michaelrobinson5981 5 лет назад

@@travelingkaspersworld4096 PayPal owns Venmo

@24hourtourist 5 лет назад

Exactly - as of recently PayPal does not refund their transaction fee if you make a refund. This applies both to a merchant account as well as to a private party - depending on the amount, this could be substantial, a real rip off! They were just first in the game and now they are buying up all their competition, including Venmo.

@travelingkaspersworld4096 5 лет назад

@@michaelrobinson5981 Yes we know. Thanks. Venmo is simply better on all counts. Glad Paypal has kept that product up to speed.

@jamespatterson49 5 лет назад

Please do Thomas Cook as i'm too confused with what the hell happened

@djdeadbeat4380 5 лет назад

I think it got so big simply because it’s such an easy way to pay for stuff. I’ve run an eBay business for years now and PayPal is ridiculously convenient, simple, and easy to use

@garlandragland 5 лет назад

How do you feel about the fact we're about to lose PayPal on eBay?

@djdeadbeat4380 5 лет назад

Believe me, I’m really not happy about it. Hopefully whatever system they replace it with works at least somewhat decently

@allnamesaretakenful 5 лет назад

I love the part where Elon Musk gets fired.

@InvitedRhino683 5 лет назад

Me too

@WordUnheard 5 лет назад

He's worth over 20 billion. I think he got over that part a long time ago.

@lostintime8651 5 лет назад

he should be put in the crazy house now.

@regiets1 5 лет назад

Seems to be his thing. 1) grow company 2) get fired from company 3) ????? 4) profit

@lostintime8651 5 лет назад

@@regiets1 you forgot one, #3 Talk to gullible people.

@niceupdog 5 лет назад

as someone who makes money solely online as a visual artist, paypal is vital for me and many others who do the same line of work. i wish there were more options, but at the same rate i like that there isn't a monthly fee like banks have. i don't have a bank account anymore because of this, just a paypal debit card. pretty convenient i'd say. also it's the only instant form of getting your money on patreon

@JonathanHart1980 4 года назад

Great piece. I've been with PayPal from the beginning. I don't purchase from online stores unless they use PayPal. I like the added security.

@TR47 5 лет назад

Paypal became highly profitable by charging people to move numbers around in their system. The fee is the same, regardless if a card is involved or not.

@zachlondono 5 лет назад

If it's so easy to just move the numbers around then why dont you make your own payment platform? Its almost like it's not as easy as you think to create a service which is compliant with all of the commerce laws while also providing security, ease of use to their customers, and creating a name brand which is trusted by enough people that they are willing to use it to transfer significant amounts of money. Not to mention the software engineers and administrative employees that were required to build up the company. The fees are their to pay all of the employees' wages while also paying for server time as well as any other administrative/marketing/running costs which they have while also trying to be profitable in order to grow the company and pay their owners dividends for investing in the company. So no, they dont really just charge fees to "move numbers around their system".

@ninelivesstealer 5 лет назад

@@zachlondono Ok bootlicker

@zachlondono 5 лет назад

@@ninelivesstealer lol. If you dont believe that everyone is entitled to use services which people spent countless hours on and risked large amounts of money on for free then you must be a bootlicker. Great logic.

@ninelivesstealer 5 лет назад

@@zachlondono Paypal is a de facto monopoly in their industry and in a serious society would have been either broken up or seized by the government and socialised years ago.

@zachlondono 5 лет назад

@@ninelivesstealer paypal is not a monopoly, it only has about 60% market share and there are so many other options for transferring money. Why would you want the government to socialize a service like this with such low barriers to entry compared to so many other industries anyway? There would still be fees (and they probably wouldn't be low considering how bloated and inefficient government programs run) and it would likley destroy all other competitors while probably stifling any further innovation in the field. This also has nothing to do with the original points that either of us made. Maybe come back with something relevant rather than just sad attempts at trying to demean me or the government just because you feel you shouldn't pay for the services of others.

@Goon-124 5 лет назад

Something that everyone should remember. They are NOT a bank. So behind the scenes, they function different from your own bank and are not insured through the FDIC. So they definitely not be treated like a bank account, just as a money transfer service.

@Christopher-N 5 лет назад

I don't remember how I started with PayPal, but I do remember the days of ordering something on Amazon, and mailing Amazon a cheque for the payment (it was annoying, waiting for the cheque to clear so the payment would be acknowledged). I signed up for PayPal partially because it was widely accepted on eBay, but it also lets me keep my card information private, and it's allowed me to make direct money transfers outside of eBay.

@jedwardoo 4 года назад

Thank you for those merger info. I never knew PayPal acquired Venmo, Xoom and the other big Payment processing companies.

@DogsRNice 5 лет назад

Weren't the founders of RU-vid former PayPal employees?

@Legion849 5 лет назад

If I'm correct then yes that's accurate.

@kaiyugi 4 года назад

Yes also steve jobs worked for atari.

@sabrinamccraley9776 3 года назад

My dad used to play D&D back in high school near San Francisco with Thiel. Apparently even back then all the kids knew the guy was going to be successful. A decade or so later my dad ran into Thiel at a young republicans event after he had invented PayPal, and Thiel, with his rich friends, wouldn't even say hi to my dad, only giving him a slight nod in recognition. My dad was just happy Thiel even remembered him lol.

@sirgravzy5853 5 лет назад

Well atleast we know this channel didn't get bought...

@SgtJoeSmith 5 лет назад

Are you sure....

@pixelcount350 5 лет назад

Never to late.

@alexbob5209 5 лет назад

Business casual🤔🤔

@sirgravzy5853 5 лет назад

@@alexbob5209 Not sold though, just an experiment... An experiment for how much money it takes to buy a RU-vid channel haha. Shame I really liked his videos.

@youreperfectstudio4789 4 года назад

I used to have an x.com account- it was the first online-only bank. It was pretty cool, you could put money into money market and a couple other funds super easily and you automatically got a couple hundred in credit line. The thing that sucked with x.com was getting money into your account. Direct deposit wasn't really a thing available to most people. You could mail them a check or pay $15 at a local bank that you also have a separate account at to do a wire transfer - so not many good options.

@Fo0lish_mortals 5 лет назад

I used to work in claims. Worst, meanest, most vulgar customers of all time and I’ve worked in fraud for banks. It felt good to walk out that day and never look back.

@cmndrkool321 5 лет назад

Can I request an episode on the company "Spirit of Halloween?" I want to know their strategy of buying a temporary brick and mortar store and sell Halloween costumes. It just sounds interesting.

@NoodlesXD 4 года назад

We no longer use PayPal at work because we hosted a ticketed event and 3 customers tried to refund through paypal after the event, we told PayPal it was a ticketed event and they attended because we had their ticket stubs, one person lost the case the other 2 won the case and the money was refunded.

@RussWWFC 5 лет назад

I remember (in the UK at least) eBay had their own system for credit cards for a while, not many sellers accepted it though

@johnnybadmen3473 5 лет назад

I thought everyone knew about PayPal. Nearly every merchant site I visit has an option to pay with PayPal.

@lwvmobile 5 лет назад

Here is one reason: Back then, setting up an online payment processor for credit/debit/bank payments was usually a very steep initial subscription fee and either a monthly fee and/or a per charge fee. In other words, up starts would have to pay a big payment to set up a payment processor. Then PayPal came around with zero up front fee to accept money from others, only taking a fee either when you withdrawal money or accept money. No money up front, now that lets tons and tons of people open up shop to sell goods online and on eBay. Then they grow so big by nickel and diming all those transactions at every level, making hand over fist in money and leaving those small sellers wondering where their profits went.

@777superlightwater 2 года назад

I’ve subscribed to you forever and I’ve been an eBay seller for over 10 years, how did I miss this video?

@anamethename3327 2 года назад

You should revisit PayPal with how they are treating freelancers like photographers and artists, locking their accounts and stealing their hard earned money

@anamethename3327 2 года назад

Between upping fees and stealing entire accounts worth of money Paypal has been pretty shitty lately

@altrogeruvah 5 лет назад

I use it every day for business and while I have a lot of complaints regarding their massively terrible transaction fees and conversion rates, I have so much respect for this company.

@JesamyPorter 5 лет назад

I’ve had my paypal account since 1998 when I used my mom’s identity and credit cards to sign up so I could buy barbies on eBay. Don’t judge. I was 11. 🤣😂 I still use that same account to this day!

@NickanM 4 года назад

In my case I signed up in 1999, and I was 29. How did your parents react? 🥴

@jfwfreo 5 лет назад

One of the things that helped PayPal get so big is that eBay instituted policies that required people to offer PayPal as a payment method (and in some cases either implemented or tried to implement rules that banned the use of other payment methods for certain kinds of transactions). I know they got in trouble here in Australia for trying to implement rules that required the use of PayPal and only PayPal for transactions.

@Coyotek4 5 лет назад

Line from the Weird Al parody song "Ebay": "... Got PayPal or Visa, whatever'll please ya, as long as I got the dough."

@Bigfoot_With_Internet_Access 5 лет назад

PayPal didn't get big, they got chonky

@Andjun5174 5 лет назад

I like them round I like them big I think he likes you

@EduardoBeBetter 5 лет назад

This guy gets it

@raby760 Год назад

I got Paypal back in 2003 when I first started using eBay. I deleted my Paypal account several months ago once they started advertising to me via e-mail based on items I viewed on my desktop's browser. They overstepped and I didn't like that.

@3212009a 5 лет назад

For a potential company how about Johnson & Johnson? They may be known for their baby products but they make all types of healthcare goods from medication ( Motrin, zantec, Tylenol) to orthopedic implants ( depuy and synthes)

@thatjokerperson7062 5 лет назад

DID I HEAR ELON MUSK?? NEXT UP>>>>>>>>>>> "How Did TESLA Get So Big?"

@InventorZahran 4 года назад

Or... How Did SPACEX Get so Big?

@WarpOverload 3 года назад

@@InventorZahran HECC YES I LOVE WATCHING FALCON 1’S EXPLODING

@s3np411 5 лет назад

I wish you went into more detail on how paypal is just on online bank now. I do prefer xelle for personal transfers.

@Kimandjohn 3 года назад

That reddot mouse on that laptop towards the end. Sends me waaaay back.

@DanHeather 5 лет назад

Your Stills / Photos / Graphics are all Well sourced and High Quality! Good job.. are you buying these as Stock Images or just using Google Images?

@alanmaier 5 лет назад

I am feeling old! I had an X.com account before PayPal. While there are haters, I have to say I do trust PayPal for payments and use them often for payments to businesses both large and small.

@user-yj4qz5lo6k 5 лет назад

We can really see Elon’s hair transplant and the difference it makes If your going to do one do it with DHI the best company by far in the industry

@sadat_41 5 лет назад

🤔

@user-yj4qz5lo6k 5 лет назад

0 subs with 0 views I definitely have nothing to do with this company 😉 (wink)

@rich_d-in6np 5 лет назад

Can you make a vid about Wells Fargo, hasn't there been a scandal with them

@Noah_E 5 лет назад

Yes, they set goals for new accts that were so high that employees were creating checking and savings accounts without customer consent. Then charging fees to maintain or close accounts they didn't want in the first place.

@NicholasLittlejohn 5 лет назад

Child prison funding for decades.

@sanitysanitation 3 года назад

As soon as I learned about PayPal, I started using them. It's so much better than giving your card info to like 50 sites. Makes me feel a lot better about buying stuff from sites I don't know that much about, since if they try to screw me over, PayPal is in between

@ericpham4644 3 года назад

This is the best concept for concentrate the financial in one verification process so consumers less risk dealing with unauthenticated websites that hunt for credit card and identities data

@j0epark1 5 лет назад

They got really big from all the money they got from me

@IamaFungi 5 лет назад

LOVES TRAVEL STOPS!! They need a video! I’m an employee. But it’s a huge private company. Doing everything in house!

@michiganmotorsports 4 года назад

I signed up for PayPal on the $20 offer after a couple years of sending money orders for eBay items. PayPal is the exclusive company we use now for electronic transactions which is +/- $600K of our sales.

@corywack6742 4 года назад

I use PayPal alot weekly or monthly depending on how much money I have at the time

@Queygaming1996 4 года назад

Could you do a video on American Express? As a brit' I'd love to know more about more us company's.

@KingTechHD 5 лет назад

I actually remember using eBay back in 2001-2002 and having to send money orders/checks to sellers. PayPal made it way better. Especially for refunds.

@avlisk 5 лет назад

Did they significantly raise their rates recently? I hadn't used them in a couple of years, and was surprised at the percentage they just took. I don't remember it being 10% of the sale. Thanks.

@nothing8452 5 лет назад

avlisk it’s 5 percent of the sale now

@kevinwalden4288 5 лет назад

Awesome video man. Learned a lot. And dang your music intro/outro brings me real joy

@merlinthebikewizard4392 5 лет назад

I find it interesting that PayPal touts security as a priority but my account got hacked twice. NEVER AGAIN!

@vaderladyl 4 года назад

Happens to all companies. It is an ongoing process to keep it safe because nobody is immune to hacks.. These hackers get more creative each time.

@MYERZ08 5 лет назад

Hey, and let NOT FORGET if you're a seller on eBay you're now FORCED to offer PayPal. That wasn't always the case, I think around 2010 eBay made it mandatory to offer PayPal, or simply close your eBay account if you didn't want to.

@breawycker 5 лет назад

I really like this channel because it's always giving interesting information I wouldn't see anywhere else!

@richardclaypool9522 3 года назад

I am 0G PayPal. I’ve had PayPal since 2001. Now, they deleted my original account for some reason but nevertheless, I have gotten on the service since 01. I remember when you could invest your money in their money market fund.

@ilikedota5 5 лет назад

But paypal has been sucking lately by keeping the percent based fee if there is a refund

@garlandragland 5 лет назад

Yeah that's some bullshit

@ninjabaconslice 4 года назад

The look of the old PayPal website unlocked memories I forgot I had

@youtoo2233 5 лет назад

I've seen PayPal around for several years and I did use them a couple of times when making an eBay purchase which usually turned into a scam so I stopped using eBay therefore I haven't used PayPal lately

@tjlmpls 4 года назад

I joined PayPal when they were owned by ebay. I was ordering lots of things from ebay, and lots of sellers accepted PayPal. This meant I didn't have to give strangers my credit card number. PayPal also offered buyer protection, which you didn't mention in the video. More secure and buyer protection on every payment was a great deal. I use PayPal whenever I can for those reasons.

@aitotem 3 года назад

Anyone else remember when Paypal started blocking small businesses out of their funds for months, or even for good, for no given reason if they wanted to do it? That was a hell of a few years. Seems they stopped, and it didn't affect me, but always left a sour taste in my mouth.

@dpTheFallen 4 года назад

When I used to use eBay I signed up for PayPal because I figured it was safer. PayPal was a safe way to pay for purchases on Ebay. On eBay you were buying from unknown people. So a way to pay was a perfect choice.

@TheFourMechanixxx 5 лет назад

I got an service email from PayPal the moment you said were talking about the name

@stinkletoes8285 3 года назад

Love paypal.Quick checkouts,and the seller never gets my CC info.Eye roll when an etailer has no Paypal option.

@melchizedekbabatunde6195 5 лет назад

can you do a follow up focusing on the paypal mafia please.

@1284productions 3 года назад

PayPal is really easy to use anytime I buy a game off of steam I either have to put in a password or do nothing at all after hitting the buy button

@Jetfalcon4 5 лет назад

I have been part of eBay and PayPal for about 10 years now I never really shopped on eBay until I heard about PayPal because of the whole money order crap

@BrienMalone 5 лет назад

I was really shocked by how little Elon musk was in this video. Makes it sound like he hardly had anything to do with the company that made him a billionaire... (which I’m sure is not true.)

@VGHSyntheticOrchestra 5 лет назад

Being a board member hardly constitutes as "hardly had anything to do with".

@BrienMalone 5 лет назад

JonDave I said “sounds like”... based on this video, you tell me what he did ¯\_(ツ)_/¯

@LikaLaruku 4 года назад

Almost every RU-vidr I know who used Paypal in the late early 2000s switched to GoFundMe & Patreon.

@CjkingEntertainment 5 лет назад

I love your videos I was waiting for the next one! You keep me informed. I’m smarter by watching your videos, because %80 of these things I didn’t know. Keep up the great work

@chrisbaima1279 5 лет назад

Hurray

@davidallen3158 5 лет назад

That’s how I started with PayPal. I was selling really expensive Phase Technology speakers and the buyer asked me to use this new company called PayPal. I don’t recall getting $20 though. It was last century, so who knows.

@100dws 5 лет назад

I joined back in 2000, and did get $10 for joining. I had purchased a part for my computer worth around $75 but was listed for $10. No other bidders, so I got the item for free.

@patw.6567 5 лет назад

Thank you for another one as always

@bradrichardson775 5 лет назад

Happy to see one of Elon Musk’s companies on Company Man. I hope that we get to see a video on Tesla or SpaceX in the future!

@jimmymcinerney1950 5 лет назад

Can you do a video about SpaceX or Tesla?

@controlZchannel 5 лет назад

By being the biggest pain in the ass company I've ever had to deal with. They make using it overly complicated. Paypal will randomly move funds from your bank account into Paypal without informing you. Took a month to figure out where $1,000 disappeared to.

@ritomariscal6959 5 лет назад

You should do Citibank when in 01 they bought a Mexican big bang called Banamex. That is interesting I'm sure there is more.

@stinger1982 3 года назад

Um, one of if not THE primary reason they grew so fast and were the perfect platform for online commerce in the early days was buyer protection. Also known payment escrow. The seller would not receive it until the buyer received the product. Back in the early days online scams were a dime a dozen and without PayPal you were pretty much guaranteed to get taken to the cleaners at least once.

@EZR725 5 лет назад

The thing that makes PayPal better than others like Cashapp is the customer security. You can always get your money back through the dispute center if the person tries to scam you, or doesn't hold up they end.

@user-no1mh6yd8c 10 месяцев назад

❤❤❤❤ THANKS FOR THE VIDEO I LEARNED ABOUT THE HISTORY OF PAYPAL

@garlandragland 5 лет назад

One thing you don't mention is how PayPal and eBay are having another break up. PayPal, even after they spun off into its own company, continued to be the payment platform used on eBay. However, eBay is now rolling out eBay Managed Payments to replace PayPal on their service. Most eBay sellers (of which I am one) are furious about it, especially since some of us our being forced into eBay's system. So basically PayPal is about the lose what they say is roughly 10% of their business. On top of that, PayPal has a service called PayPal Working Capital. It works by giving capital loans with a flat one time interest rate to small businesses that use PayPal based on their transactions via PayPal. Those given loans select a payback rate, say 15%, and that much is taken from each payment that is received. As you can imagine, A LOT of Working Capital customers are eBay sellers so everytime they sell something on eBay, PayPal takes their payback percentage. But, with eBay getting rid of PayPal, this becomes a problem for Working Capital customers as eBay sellers will no longer go through PayPal. eBay has created its own capital loan service in response, backed by Square, but it is not nearly as good and is actually a terrible ripoff with high interest rates. It's ironic and an example of history repeating itself: eBay failed to create its own payment system so they brought PayPal so they could control payments on their website. They then spin PayPal off and then they have that problem all over again where they can't control payments so here they're at it again. It makes me want to slap eBay's board across the face and yell "then you shouldn't have spun it off you idiots! That's your fault!"

@ericnicholls3955 4 года назад

I have known PayPal almost since day one. Unfortunately I lived most of my life in Panama, so PayPal didn't do much over there. However, here in Canada I use it for everything, I pick PayPal over any other service.