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Ahh, Paypal. Love ‘em or hate ‘em, they are the worldwide leaders in sending and receiving money on the internet. Evolving from a merger of two internet financial services companies in 2000, Paypal has grown into a multimillion conglomerate serving all levels of business person, from the independent artist on Etsy to some of the biggest corporations in the world.
In 2002, Paypal became a wholly owned subsidiary of the equally loved and hated eBay and is the gateway through which the vast majority, if not all, eBay transactions are moved.
With over 232 million accounts and the total value of transations in 2009 topping nearly £9 billion, Paypal is a common target for hackers, scammers, and phishers and have invested millions of dollars in safe-guarding their investments and your money.
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