What it does: Finance and Internet Publishing
Mission: We are committed to our mission to democratize financial services for people all over the world
Size and presence: Around 37,000 globally in 6 locations.
Best known for: PayPal is an online payment platform that offers individuals and businesses low-cost services.
The good bits: Good work environment with good welfare. Employee friendly good benefits work-life balance
The not so good bits: Frequent re-org impair the ability to stay on strategy
PayPal was originally established by Peter Thiel, Luke Nosek and Max Levchin, in December 1998 as Confinity, a company that developed security software for hand held devices. It had no success with that business model, however, it switched its focus to a digital wallet. The first version of the PayPal electronic payments system was launched in 1999.
In March 2000, Confinity merged with x.com, an online financial services company founded in March 1999 by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and Bill Harris, then-president and CEO of X.com, disagreed about the potential future success of the money transfer business and Harris left the company in May 2000. In October of that year, Musk decided that X.com would terminate its other internet banking operations and focus on PayPal. That same month, Elon Musk was replaced by Peter Thiel as CEO of X.com, which was renamed PayPal in 2001 and went public in 2002. PayPal's IPO listed under the ticker PYPL at $13 per share and generated over $61 million.
We work every day to be a better champion of our customers. We invest in experiences that help our employees see through the eyes of our customers. Through firsthand experiences like financial exclusion immersion workshops, employees live the realities of the financially underserved by completing a list of challenging tasks like cashing a check without a bank account or paying rent using a money order or cashier’s check. This helps our employees build empathy for the amount of time, money and bandwidth that is required to live on the edges of the traditional financial system so they can imagine new ways to advance the financial health of those we serve.
We’re committed to employees’ Total Wellness, championing a flexible, balanced work culture and comprehensive leave and benefits, including parental preparedness and a paid sabbatical for every five years of service. In 2019, we launched our Employee Financial Wellness initiative to strengthen the financial security of our global employees, providing every employee an ownership stake in the company and offering benefits such as no-fee financial education and coaching.
We also offer free online wellness coaching and support employees’ mental and emotional health through our Employee Assistance Program.
We believe we have an important role to play in contributing to strong, inclusive communities in the places where we live and work. Our employees share this vision and are committed to civic action. We incentivize employees’ giving back in their communities by matching their nonprofit donations up to $2,500 and offering eight hours of paid volunteer time annually. Our Community Impact Teams across 20 countries nominate nonprofits for grants, coordinate volunteer efforts and design pro bono initiatives to drive local impact in our communities.
As a founding member of the nonpartisan Time to Vote campaign in the United States, we are also committed to supporting our employees’ free participation in the electoral process by providing paid time off for employees to participate in local and national elections.
We look for people with passion, experience and vision.
View jobs by location or by category to find an open position that sparks your interest, or learn more about our PayPal family of companies. When you see the opportunity that is just right for you, simply click on “Apply to job”, and follow the login and submission instructions.
If your skills and experience match an open position, a recruiter may contact you to discuss your background and the position, and advise you about what to expect in the interview process.
What matters to you?
What problems do you want to solve? What do you want to make and share with the world?
How do you work?
Our best people are trailblazers:
What do you need to grow and succeed?
What goals do you have? What experience do you already have and what do you need to develop to move forward in your work and career?
We recruit people who will help us build a world where...
Trust is established in seconds.
Every business on the planet has the chance to grow and thrive.
People can instantly support any cause they care about, anywhere in the world and make an impact.
Anyone anywhere can send and receive money.
Money is invisible and limitless.
The 12-week PayPal Internship Experience provides opportunities for undergraduate and graduate students to work on real, meaningful projects that directly support PayPal’s business and customers. Interns are empowered to be champions of PayPal’s customers and culture, and the work that you do will support the company’s strategic priorities. Interns are also afforded opportunities for personal and professional development through a robust learning and development program and networking events with peers and leaders. Our internship experience is designed to help you develop, build community, and have fun.
Develop
PayPal internships are designed to help you develop knowledge and skills relevant to both your area of study and the red-hot fintech industry. As an intern you will have plenty of opportunities to learn from industry leaders and develop your professional skills through a variety of settings, such as:
Build Community
PayPal interns have the opportunity to build their community and expand their networks. The highlight of the summer is the Intern Conferences, where all PayPal interns gather to share knowledge and experiences with each other and the broader PayPal community. Our University Experience team also has a wide range of networking programs planned out throughout the summer:
Have Fun
What would an internship be without some fun? The PayPal University Experience team has an exciting calendar of events that provides interns with opportunities to let loose and enjoy some of the attractions and activities our locations have to offer:
All PayPal Recent College Graduates (RCGs) are exposed to the broad business landscape and career development opportunities that span business units, and tools to build and strengthen their networks. While the focus of the program extends to each RCG’s first year, the outcomes and value gained benefit them throughout their careers. The RCG Experience helps recent college graduates learn about PayPal, build their careers, and contribute to a growing community of innovators and future leaders. Each area of focus is comprised of a series of programs to educate and give RCGs the opportunity to apply their learnings to their new roles.
Learning About PayPal
The RCG Experience offers several programs throughout the year for early career employees to network with leaders and learn about PayPal inside and out. These events allow RCGs to gain a great breadth of knowledge and perspective to enrich their understanding of the work they do, and how it contributes to PayPal’s mission:
Building Careers
The RCG Experience focuses on early-career development and provides unique workshops and sessions to support RCGs as they begin their professional careers at PayPal. Through special programs, RCGs engage directly with mentors and managers and take action through various development channels.
Connecting with Community
There are ample opportunities for RCGs to network with each other and establish friendships. There are regularly scheduled meet-ups with the sole purpose of connecting RCGs to one another. RCGs also have the chance to interact with PayPal colleagues through structured forums such as speed mentoring sessions. In addition, each year we host an RCG Conference to bring all RCGs in North America together to learn, network and have fun.
The average PayPal salary ranges from approximately $41,295 per year for a Customer Service to $328,555 per year for a Senior Director
PayPal says it is using cutting-edge technology and scale to help nonprofits raise mission-critical funds. The company claims it is equipping nonprofits with digital solutions to help them engage with the communities – online, offline and via mobile – to boost funding.
In 2017, over 49 million people across 200 markets contributed $8.5 billion to 640,000 charities via PayPal. In addition to supporting the fundraising efforts of nonprofits, the company provides its financial support, technical capabilities and expertise to the PayPal Giving Fund, a public charity that shares the company’s vision to make giving a part of daily life.
In 2017, PayPal partnered with 92nd Street Y– the founders of the global day of giving – to encourage people to give. The campaign involved people from 11 nations, and resulted in donations of $64 million through PayPal on Giving Tuesday.
Overall, during the holiday season in 2017, nearly nine million people across 181 countries contributed $1.1 billion to charities via PayPal.
In 2017, hurricanes and wildfires in the U.S. and earthquakes in Mexico disrupted the lives of thousands of people.
PayPal’s own community made monetary donations to global aid agencies, while the company also leveraged its platform to reach out to donors. PayPal says it helped raise $55 million for organizations engaged in relief work for the communities affected by these natural disasters.
In this latest report, PayPal says it also makes philanthropic grants, organizes employee volunteer activities, facilitates fundraisers and supports other activities to strengthen local communities.
The company encourages employee giving by matching charitable contributions up to $2,500 annually. And for every hour of employee volunteer service, PayPal donates $10 to a nonprofit of the employee’s choosing, up to $500.
In 2017, PayPal’s employees in five countries took part in the Financial Exclusion Immersion Workshops. The goal of these workshops was to help employees empathize with the challenges that financially underserved people face every day.
According to the company, employees receive a first-hand experience through these workshops to connect with the company’s larger mission in a personal way and come up with new ways to improve the financial health of the communities it serves.
In 2003, PayPal voluntarily ceased serving as a payment intermediary between gambling websites and their online customers. At the time of this cessation, it was the largest payment processor for online gambling transactions. In 2010, PayPal resumed accepting such transactions, but only in those countries where online gambling is legal, and only for sites that are properly licensed to operate in said jurisdictions.