If you’ve been looking for a way to get into the stock market, you might want to consider buying PayPal stock. The shares of the company have gone up significantly in recent years, from just over $200 a share when it went public in 2015 to over $233 a share today. This growth has been driven by the success of its Venmo mobile payment app.
- 1 PayPal’s share price has shot up to around $233 per share since it went public in 2015
- 2 PayPal’s growth has been driven by the Venmo mobile payment app
- 3 PayPal’s fiscal year ends in December
- 4 Finding an online broker to buy PayPal stock
- 5 Monitoring the stock to ensure it meets your investment goals
PayPal is a leading provider of digital payment services. The company allows its customers to send and receive payments in 200 markets globally, and provides them with a secure transaction facility. It is also a major player in mobile payments, offering services such as Venmo. It operates in a variety of markets, including the United States, Europe, Australia, and the United Kingdom.
In addition to its online payment services, PayPal offers a peer-to-peer payment service, Xoom. It is also one of the largest mobile payment companies in the world.
PayPal has a market cap of over $26 billion. Its shares have increased more than 50 percent since it went public in July 2015. It is now trading at roughly $233 per share.
PayPal’s growth has been driven by the Venmo mobile payment app
PayPal is best known for offering convenient and secure online payment processing. But the company also has a strong digital ecosystem built around the Venmo mobile payment app.
The app allows users to transfer money quickly and securely between friends and family. Its popularity has been fueled in part by its social nature. The site incorporates emojis into its payments, and users can add personal notes to their transactions.
Venmo’s revenue has grown substantially since the company’s acquisition by PayPal in 2013. Its payments volume is estimated to total more than $100 billion in this year. By 2021, the company expects to bring in approximately $900 million in revenue.
PayPal’s consumer business has been focusing less on adding new customer accounts and more on boosting engagement with its popular mobile payment app. According to a recent survey by S&P Global Market Intelligence, the number of people who have recently made purchases via the mobile payment app has risen to over 60 million. The company has also partnered with retailers including CVS to accept Venmo payments.
PayPal’s fiscal year ends in December
The first quarter of the new year is usually a big deal for a company like PayPal, which is a longstanding purveyor of e-commerce and payment solutions to consumers and businesses worldwide. Aside from offering a slew of e-commerce services, the company’s offerings extend to domestic and international payments and mobile wallet services. The company also provides the novelty that is the student account, which lets parents deposit and manage their student’s funds. Moreover, the company has a robust network of financial service providers and merchants in a variety of countries, with the largest concentration of its customers in the United States. As a result, the company’s business has grown significantly over the years.
Although PayPal is still relatively small in comparison to its larger brethren, it has made a name for itself by offering the aforementioned e-commerce services as well as other digital payment solutions to consumers and businesses alike. The company boasts a presence in more than 200 markets across the globe, with its most popular markets being the US, the U.K., and China. Aside from the usual suspects, the company also has been known to make waves in the Ukraine, where it has expanded its services during a tumultuous period in the country’s history.
Finding an online broker to buy PayPal stock
If you are looking to invest in PayPal stock, you have several options. You can buy it in the stock market or you can use an online broker. But before you do either, you should learn a bit about the company.
PayPal is an online payment company that has been in business for 20 years. It is also one of the largest companies in the payments industry. In addition to traditional credit and debit card transactions, PayPal offers peer-to-peer and cryptocurrency payments.
In order to purchase PayPal shares, you’ll need to create a brokerage account. The steps will vary by broker, but you’ll typically have to provide personal information, verify your address and provide a photo ID.
Depending on the broker, you’ll need to decide how much to invest. Most brokers offer a minimum deposit. You’ll also need to consider the broker’s fees.
Monitoring the stock to ensure it meets your investment goals
While it’s no secret that PayPal has been a leader in the fintech industry, the ecommerce giant also provides a host of other services like peer to peer payments, credit card processing and more. In addition to providing payment solutions, PayPal has also carved out a niche in the cryptocurrency space, allowing consumers to buy and sell cryptocurrencies on the fly. As a result, many savvy investors are seeking out the company to help them fund their digital dreams.
Before you go all in on PayPal, do your homework. If you’re serious about investing in the world’s largest financial services provider, you’ll need to take the necessary steps to ensure your money is safe and sound. Fortunately, the company has a plethora of payment options, including its own PayPal debit card, PayPal Credit and PayPal Cash.