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PayPal is an online payment service running on the internet. It was founded in 1999 by a group of entrepreneurs, including Elon Musk. As of 2018, the service has more than 244 million users and an annual net income of nearly 1.8 billion dollars. With PayPal, it is possible to make secure purchases over the internet or send money to the desired person only through an e-mail address, by using or not using a credit card. PayPal operates smoothly in lots of countries, keeping local websites in Belgium, Germany, Austria, France, Switzerland, Spain, the United Kingdom, and the United States and thus, allowing payments in multiple currencies such as American Dollars and Euro. PayPal exchanges these currencies automatically with its own exchange rates which can be found on the official website of the service.

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