Follow RT on the news and updates on American companies, including the corporation operating internationally online payments system called PayPal. It supports online money transfers and other transactions between traders and other commercial users. Read about the creation and history of PayPal, which was founded in 1998 as a result of the merger of enterprises called Confinity and X.com. In 2002 PayPal became a wholly owned subsidiary of eBay. In 2015 it returned back to being an independent enterprise. Both of PayPal and eBay were accused by the FBI of being used by ISIS fake making transactions. Don’t miss the news and stories on this and other issues related to PayPal.