Whether you love slots or casino games, or just have a great eye for promotions, Rainbow Spins is sure to delight. The site has all the things that make a usual Jumpman site great, with the added bonus of a fantastic looking home page.
Join Here
Win up to 500 Spins on 9 Pots of Gold
New players only, £10 min fund, Free spins won via mega reel, 65x bonus wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250),
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
| Offer Rating: |
7 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Aladdin Slots offers to turn any player's experience into a wish come true. The site has hundreds upon hundreds of slot games, as well as bingo and casino for variety. The promotions are exciting, varied, and there are plenty of them to go around too.
Join Here
Win up to 500 Free Spins on Chilli Heat
New players only, £10 min fund, max bonus conversion to real funds equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Buffalo Spins is feisty, fiery, and full of fun. The homepage grabs your attention immediately, and the huge slots selection will keep players entertained for a very, very long time. The promotions are exciting, and there are plenty to choose from, ensuring there is something for every kind of player.
Join Here
Win up to 500 Spins on 9 Masks of Fire (£20+ Deposit and wager required for Port Points)
New players only, £10 min fund, 65x bonus wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250) full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
How Does PayPal Work?
PayPal is the world’s most widely used form of electronic method for making payments online. It is free to open an account and there are not normally any charges for using the service to make a payment. All you need to sign up for the PayPal service is a valid e-mail account, plus details of a bank or credit account which you need to fund your payments. You do not need to “pre-load” your PayPal account in advance. Instead, when you complete a transaction the funds are automatically transferred from your chosen linked bank or credit account.
It really is that simple. The nuts and bolts of the service are that you simply go to the PayPal.com/uk website, fill in a few personal details and register your e-mail address. You will then need to come up with a secure password. Finally, you will need to register your chosen bank account, debit or credit card. You can register more than one linked account if you wish.
To actually make a payment, all you need to do is tap or click on the PayPal button at your chosen online trader or retailer’s checkout page. You will then be re-directed to PayPal’s secure login page. Just add your e-mail address and secure password and your payment will be made.
This service has the great advantage of being very secure. You are never required to disclose your banking or financial details to the retailer or vendor. Instead, PayPal effectively acts as a money transfer service, so the seller never receives your banking details. Neither can your details be intercepted, stolen or hacked, because they are never transmitted in the first place.
Other Services
PayPal has come a long way since its original launch around two decades ago. It is now far more than just a simple way to pay for goods and services online. Now you can also use it as a simple money transfer service, for example to friends or relatives abroad or to make payments between friends instead of cash. Plus of course you can receive payments too. This is where the charges come in though: it is usually free to make a payment, but PayPal make their money by charging a commission fee to the vendor, seller or recipient instead.
The service has become ever more popular across the world, especially with the increasing popularity of smartphones. Mobiles are now by far the most popular devices used to access the online world, and are now responsible for the vast majority of online shopping and trading. PayPal’s easy to use and intuitive app is easy to download and makes payments via your mobile swift, simple and secure.
Finally, there is also now the option of opening a PayPal credit account. This allows you to spread your payments, rather than having to pay instantly via your linked account. Charges for this service are similar to those you would expect from a traditional credit account.
Summary
When it comes to making payments online, PayPal really is the simplest, speediest, most convenient and most popular option around today. It was the first major method to market and it remains the first choice for millions of customers worldwide every day.
For a stellar experience in a site with a spectacular space theme, check out Space Wins. There are hundreds of slots including new games and jackpot titles, as well as a variety of other games. A huge selection of promotions are available as well to rocket your play to the stars.
Join Here
Win up to 500 Free Spins on Starburst
New players only, £10 min fund, max bonus conversion to real funds equal to lifetime deposits (up to £250), 65x wagering requirements and full T&Cs apply First Deposit: New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Fairground Slots is a sugary delight that has a solid games catalogue to back it up. The site may look sweet as pie, but it has a hefty selection of games and promotions to keep things moving.
Join Here
Win up to 1,000% Bonus
New players only, £10 min fund, £2,000 max bonus, 65x Bonus wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250), full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Mr Wolf Slots is bigger and better than ever, with so much to tempt and entertain its players. Explore the huge games catalogue for exciting slots, or hunt down a fantastic treat through the promotions page. Players both new and experienced will enjoy what Mr Wolf Slots has to offer.
Join Here
Win Up To £6,000 Welcome Bonus!
New Players only. 1st, 2nd and 3rd ever deposit: spin multiplier wheel and win a Matchup Bonus up to 10X your deposit amount (£2,000 max bonus), £10 min fund for all 3 offers, 65x Bonus wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250) full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Crush Wins is packed with ocean fun, delivering another great title from Jumpman. The site does not differ particularly from other Jumpman sites, except for its theme of course, but if you enjoy what Jumpman offers, this will not be a disappointment. After all, Jumpman are known for great-looking sites filled with tonnes of games and exciting promotions.
Join Here
Win up to 500 Free Spins on Release the Kraken
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Although it would have been easy to wallpaper medieval branding all over this site, Slots Kingdom stays on the right side of tasteful, with just a few touches of the theme here and there. The site looks great, and it works great too. The games are fantastic, and there is plenty of choice for slot and casino players. There is even some bingo as well!
Join Here
Spin the Mega Reel to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, the variety of games on Big Thunder Slots is what makes this site really stand out. Slot games in particular are well represented here, with over 900 games available. There are also casino and bingo games for players to enjoy. The site creates a fun atmosphere and support is always available.
Join Here
Win up to 500 Free Spins on Gold Rush
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
4 |
| Member Rating: |
4 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Lit Wins is here to light up slot play for those who enjoy simple, exciting games and fun promotions. The promotions are generally consistent, so players will not be spammed with a million emails with a new offer every day. There is also helpful customer support on hand to assist.
Join Here
Fire Open the Lit Chest to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
For a magical experience, consider giving Elf Slots a try. The site benefits from Jumpman's huge slot catalogue, as well as a promotions page packed with offers and treats waiting to be explored. Customer service is available via email and Facebook message if players require any assistance on the site.
Join Here
Spin the Mega Reel to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
4 |
| Member Rating: |
4 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Fans of all things pirate themed are sure to love Pirate Slots. The site’s theme is fun, and the games catalogue is huge, giving players plenty of choice when it comes to slots, casino, and bingo. There are lots of promotions on offer too, including competitions, prizes, and cashback offers.
Join Here
Open the Loot Chest to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Slots Animal is crazy, loud, and above all, fun. The site roars with excitement, and its games catalogue matches that energy with a huge selection of titles, including slots, casino, and bingo. The promotions are great, and particularly the offer of daily cashback is eye-catching.
Join Here
Spin the Mega Reel to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
4 |
| Member Rating: |
4 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
In conclusion, players will love the wild west atmosphere of Eagle Spins, as well as the games it has to offer. The slots collection of over 500 games is impressive, and there are even bingo games and live casino tables too. The promotions are fantastic, giving players the chance to win cash, spins, and prizes.
Join Here
Spin the Wheel to win up to 1000% Bonus
New players only, £10 min fund, £1000 max bonus, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Crystal Slots is a nice-looking site with plenty of good slot games from a variety of providers. The welcome offer is a slight stylistic variation on Jumpman’s usual offer, and this change brands the offer to Crystal Slots nicely.
Join Here
100% Matchup Bonus + 50 Free Spins
New players only, £10 min fund, £400 max matchup bonus, free spin wins credited as bonus, 65x wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250), full
T&C's apply
Payment Methods Available
Our Ratings
| Overall Rating: |
4 |
| Member Rating: |
4 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Fever Slots has a bright, exciting colour scheme, and lots of energy about the site. The promotions look fun, especially the trophy scheme, and the selection of games available is certainly impressive. Players who like Jumpman sites, or just slot lovers in general, will enjoy Fever Slots.
Join Here
Get 100% match up to £200 (£10+ Deposit and wager on SLOTS required for Port Points)
New players only, £10 min fund, £200 max bonus, 65x Bonus wagering requirements, max bonus conversion to real funds equal to lifetime deposits (up to £250) full T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Aztec Wins looks great, works smoothly, and is crammed full of exciting things to keep players entertained. There are almost 1000 games on offer, so that's incredibly impressive right from the off! On top of this, the promotions page is packed full of offers to reward players as they play.
Join Here
Get a 100% Match Up Bonus
New players only, £10 min fund, £200 max bonus, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Amazon Slots is fun and funky with a jungle theme. Its bright colours make for an exciting place to play, and the welcome offer is engaging too. Overall a quirky and enjoyable site.
Join Here
Win up to 500 Free Spins on Starburst
New players only, £10 min fund, max bonus conversion to real funds equal to lifetime deposits (up to £250), 65x wagering requirements and full T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
| Offer Rating: |
8 |
| Customer Service Rating: |
7 |
| Support Methods Rating: |
7 |
| Mobile App Rating: |
8 |
| Design Rating: |
8 |
| Experience Rating: |
8 |
| Additional Games Rating: |
8 |
| Responsible Gaming Initiatives Rating: |
8 |
| Bingo Jackpots Rating: |
8 |
| Penny Bingo Rating: |
7 |
| Depositing Rating: |
7 |
| Withdrawing Rating: |
7 |
| Product Rating: |
8 |
| VIP Rating: |
8 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
In conclusion, Immortal Wins is a sleek, stylish site with a great look. It runs smoothly, even on mobile, and players can enjoy a huge collection of games, including live casino. There are promotions, treats, offers, and prizes as well, so players will be eternally entertained.
Join Here
20 Free Spins on Immortal Romance, No Deposit Required. Win up to 500 Spins on 1st Deposit! (£10+ Deposit and Wager required for Port Points)
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Cash Arcade is modern and glossy, with a fantastic look and a smooth player experience. The games are varied, and there are tonnes to choose from, even including bingo and casino games in the catalogue in addition to the slots. The customer support team are available via email if players needs any help.
Join Here
20 Free Spins on Chilli Heat No Deposit Required
New players only, no deposit required, valid debit card verification required, £8 max win per 10 spins, max bonus conversion £50, 65x wagering requirement, full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Simba Slots is fierce and fun, with a fiery orange and yellow colour scheme that transports you to the plains and savannahs of Africa. The theme is great, but Simba Slots backs it up with a chock-full games catalogue, fun promotions, and a fantastic welcome offer that is sure to draw attention to the site.
Join Here
Open the Safari Chest to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Spy Slots looks great and works smoothly, giving a top-notch experience. The secret agent theme is fun, and the most impressive thing is the huge range of games available. There is something for everyone, and the catalogue is easy to browse and search. The promotions will add even more fun to the great games.
Join Here
Triple Welcome Package worth up to £6,000
New Players only. 1st, 2nd and 3rd ever deposit: win a Matchup Bonus up to 10X your deposit amount (£2,000 max bonus), £10 min fund for all 3 offers, max bonus conversion equal to lifetime deposits (up to £250), 65x WAGERING REQUIREMENTS and full
T&Cs apply
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, Sunny Wins brings some much needed warmth and cheer to online slots. The site's orange and turquoise colour scheme is vibrant and unusual, and the beach theme is nice too. Slot players, casino players, and bingo lovers alike will find plenty of games to enjoy, but the slot game selection in particular is excellent. The promotions on the site add an extra layer of fun to some fantastic games.
Join Here
Open the Loot Chest to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Casper Games looks great and works perfectly. It has a fun theme and nice artwork, and the selection of games on offer is very impressive. There are so many slot games players will be spoilt for choice, and the addition of bingo and casino as well is nice for variety. The promotions are enticing and will leave players feeling rewarded. The site's look is fantastic, creating a real atmosphere on the homepage.
Join Here
Open the Ghostly Chest to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
4 |
| Member Rating: |
1 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, All Star Games has a fun colour scheme and a bright, sporty look. The games catalogue is huge, with hundreds and hundreds of slots to choose from, as well as jackpot slots, casino tables, and bingo. The promotions add even more excitement, especially the rewarding and engaging trophy scheme.
Join Here
Spin the Mega Reel to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full
T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
Overall, most slot players should be satisfied with Takeaway Slots. The site looks good, and it works perfectly for a smooth experience. There are hundreds of great games, including slots, casino, and bingo, as well as exciting promotions that give players the chance to earn, win, and be rewarded.
Join Here
Spin the Wheel to win 1000% Matchup Bonus up to £1,000!
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
If you’re a fan of all things retro, you’re sure to love Pinball Slots. The theme is great, but it’s the fantastic range of slot games that really makes the site stand out. With over 1000 games to choose from, players can browse at their leisure or search for a game directly. All in all, the site is very enjoyable to use.
Join Here
Spin the Mega Reel to win up to 500 Free Spins on Starburst
New players only, min deposit £10, £8 max win per 10 spins, max bonus conversion equal to lifetime deposits (up to £250), 65x wagering requirements and full T&Cs apply.
Payment Methods Available
Our Ratings
| Overall Rating: |
5 |
| Member Rating: |
5 |
Checklist Information
| UK Licenced: |
Yes |
| Penny Bingo: |
No |
| BOGOFF: |
No |
| Newbie Rooms: |
No |
| Featured Site: |
No |
PayPal The Overview
There are many flexible ways to pay when the time comes to make your deposits on any Jumpman Slots casino. But surely the most convenient and secure option comes from the ultimate in electronic payment methods – PayPal.
When it comes to paying for goods and services online, PayPal was the first widely available financial payment service to break the monopoly of the old traditional banking services. Until the advent of PayPal, the only way to make payments was to use your debit card, or your old school Barclaycard or Access card, if you were lucky enough to be accepted for credit.
Even these were unavailable if you were an ordinary, private trader. Whilst individual consumers could make payments with plastic cards, only established retailers were eligible for merchant accounts. This meant that whilst you and I could pay for goods. We couldn’t receive funds if we were the seller. The set up fees and commission involved also made it impractical to even attempt to persuade the big banks to give you a trading account.
This became a big problem in the early days of the internet, when the world’s first global online market place, eBay, started to take off. The good old paper payment cheque really didn’t do the job. Online trading was supposed to be quick. But waiting for the cheque to arrive in the post; then a further five working days for the funds to clear; then post the purchased item to the buyer, meant that the whole process could take weeks.
Fortunately, a solution was soon to be found…
History of PayPal
PayPal was launched as a fledgling electronic money transfer service in 1999, by a newly formed start-up company called Confinity. This represented a truly rapid development, as Confinity itself had only been incorporated the previous year. The service caught the eye of Elon Musk the serial entrepreneur currently responsible for Space X and Tesla. His company at the time was an online banking services company called X.com, and he snapped up PayPal’s highly promising payment service in March 2000.
The service was a brilliant success, mostly because of its usefulness to customers and traders on the rapidly expanding eBay. In fact, PayPal was so successful that the decision was taken to take the company public barely three years after its launch, in 2002. The company’s shares were valued at $13, raising a total of over $61 million.
But nothing stays the same for long in this business. Barely months after its in initial launch, eBay decided that they liked it so much they bought the company. So it was that in July 2002, PayPal was acquired by eBay for a total of $1.5 billion, valuing each share at $23. This represented an almost doubling in value of the company in the space of just a few months.
But you can see why. At that time, PayPal was accepted as a payment in well over 70% of all eBay auctions, with roughly 25% actually being settled via PayPal.
The service continued in its rapid growth, so that by 2010, PayPal had around 100 million active user accounts in 190 different countries, using something like 25 different currencies.
By the end of 2012, PayPal was responsible for total payments of $145 billion and accounted for around 40% of eBay’s total revenues. But it was also developing its role as a more general online payment method, as other retailers and traders caught on to its practical benefits as an all-round payment solution.
In 2014, the company was so big, it was decided to spin it off from its eBay masters, and in July 2015 it became a New York stock exchange listed company in its own right.
In 2017, the last year for which total revenue figures are available at the time of writing, there were around 20 million account holders in the United Kingdom alone. PayPal has a total of just fewer than 230 million active customer accounts around the world and carried out 7.6 billion unique transactions. It operated in over 200 countries across the globe and traded in 25 different currencies.
But even to this day, the corporate politics continue. In 2018 it was announced that PayPal’s links with its former owner eBay will be loosened still further. From 2020, PayPal will no longer be the preferred payment option on eBay. It will still be accepted on the site, but it will no longer be listed ahead of conventional debit and credit card payments as it had been before.
PayPal remains headquartered in San Jose, California. Its total revenues in the 2017 financial year were over $13 billion, and its shares were valued on the New York NASDAQ stock exchange at around $73 at the time of writing.