This page will contain videos about paypal, as they become available.PayPalPayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee. Corporate headquarters are in San Jose, California; it is now an eBay company. HistoryBeginningsPayPal was founded in December 1998 by Peter Thiel and Max Levchin. One of its first premises was the 165 University Avenue office in Palo Alto, California, home of a number of other noted Silicon Valley startups. On the business side, many of its initial recruits were alumni of The Stanford Review, which was also founded by Peter Thiel. Most of the early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin. In its initial incarnation, PayPal was a service for users to send money via PDAs, with actor James Doohan, Star Trek's "Scotty," as its spokesman. The PDA software was later discarded in favor of a web-based system that became popular with eBay's millions of buyers and sellers. Coupled with aggressive marketing campaigns offering $10 (and later $5) for new users to sign up, the firm grew at a meteoric rate of 7–10 percent per day between January and March 2000. Unknown to many people is the fact that PayPal is one of the few Internet companies which has a single letter domain name, (http://www.x.com) in use. As of Jan 2006, this URL still resolves to the PayPal home page. This name was acquired by PayPal in early 2000, when x.com merged with PayPal. [1] Though growing rapidly, PayPal was losing $10 million a month and was fraught with internal turmoil that led to three CEO changes in its first year of operations. Foreign Mafia rings found ways to steal millions from the young company. And worst of all, eBay launched a payments service named Billpoint to compete with PayPal. Yet the company was able to turn the corner and become the first dot-com to IPO after the September 11 attacks — an accomplishment that ironically backfired when PayPal's new high profile status helped prompt a slew of class action lawsuits and regulatory probes, including one by NY Attorney General Eliot Spitzer. This paved the way for the company to eventually reconcile with its former rival, eBay. [2] [3] Acquisition by eBayIn October 2002 PayPal was acquired by eBay. (See GAMEY) PayPal had previously been the payment method of choice by over fifty percent of eBay users, and the service competed with eBay's subsidiary BillPoint. eBay has phased out its BillPoint service in favor of retaining the PayPal brand. PayPal's only substantially similar competitor is now BidPay, after Citibank's c2it service closed in late 2003 and Yahoo!'s PayDirect service closed in late 2004. BidPay itself ceased payment operations on the 31st December 2005 but the site remains to carry out any remaining customer service issues . In 2004, the total value of transactions through the PayPal system was $18.9 billion, up 55% year over year. In January of 2005 PayPal announced plans to pursue the Merchant Services opportunity, the online payments business 'off of eBay'. TodayAs of the end of Q2 2005, PayPal operates in 57 countries (including China) and it manages over 86.6 million accounts. Every second PayPal processes an average of $823 in total payment volume. PayPal supports payments in U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling and Japanese Yen. PayPal operates locally in 13 markets, including: the United Kingdom, Canada, Australia, Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Switzerland and China. PayPal also operates a large customer-service center in La Vista, Nebraska, just outside Omaha. Bank statusDue to the manner in which it operates, PayPal is not considered a bank. Therefore it is not required to abide by the legislation that governs banks. Like Western Union, PayPal is considered a money transmitter in many states in the United States and is licensed as such where required. PayPal's European subsidiary PayPal (Europe) is licensed as an electronic money institution and regulated by the UK Financial Services Authority. SafetyPayPal's business model involves providing safety to buyers and merchants/sellers. Buyers are ensured that they recieve the item they buy as it is described. If this doesn't happen, PayPal will try to take the money back from the seller and refund the buyer. If the buyer used a credit card, they are ensured a refund via chargeback. PayPal also protects sellers by offering the Seller Protection Policy. As long as seller provides confirmation of delivery available online, they are protected from chargebacks and fraudulent item-not-recieved claims. CriticismPayPal is not subject to regular banking regulations. Because it considers itself to be an 'electronic money transmitter', user rights and safeguards vary. Controversial aspects of PayPal include the terms of its User Agreement; particularly, for limiting account access and user access to funds. According to the PayPal user agreement, users agree to give PayPal the power to limit access to funds in the account for 180 days. This policy appears to protect PayPal from financial loss in the event of chargebacks or disputes. Banks and financial institutions provide chargeback rights for a specified period of time that varies by the institution. PayPal's account access limitations prevent the movement of funds until discrepencies, or terms of the limitation, are resolved. In March 2002, two PayPal account holders separately sued the company for alleged violations of the Electronic Funds Transfer Act (EFTA) and California law. Most of the allegations concerned PayPal's dispute resolution procedures. The two lawsuits were merged into one class action lawsuit (In re PayPal litigation). An informal settlement was reached in November 2003, and a formal settlement was signed on June 11, 2004. The settlement requires that PayPal change its business practices (including changing its dispute resolution procedures to make them EFTA-compliant), as well as making a $9.25 million USD payment to members of the class. PayPal denies any wrongdoing. In September 2005, PayPal suspended an account (opened by Something Awful owner Richard Kyanka) used to collect donations for the American Red Cross to help Hurricane Katrina victims. After receiving over $30,000 USD in donations in 9 hours, PayPal locked-down the account. To re-activate the account, PayPal demanded "proof of delivery", even though no products were being sold. Kyanka asked PayPal to transfer the funds to the Red Cross; PayPal said they couldn't do this, but could give the money to United Way (a rival charity collecting for the same cause, that had an undisclosed agreement with PayPal). Kyanka originally agreed to this, but after learning of the United Way's prior legal troubles, he asked PayPal to refund all the donations. It's unclear whether simply waiting for PayPal to reach a decision in regards to the account would have resulted in PayPal allowing the money to eventually reach the Red Cross. [4] [5] [6] PayPal's Seller Protection policies do not cover intangible goods or goods that are "not as described". PayPal does not allow people from certain countries to use its services, and in some occasions where it does, it only allows the participants to send and not receive. This has brought criticism from people from within these countries.[7] WarningsIn August 2005 eBay required that sellers who accept PayPal not refuse credit card payments, which result in transaction fees. [8] Beginning in January 2006, eBay now prohibits any online payment system other than Paypal, as stated here[9]. This is due to the wide numbers of fraudulant online payment methods. EBay lists Bidpay.com as the only alternative, but that company's demise predates this policy. Questions of illegality and antitrust have been raised over this new rule, mostly by merchants who believe they shouldn't have to pay for a legitmate service and abused the personal account status on PayPal. EBay specifically prohibits E-gold, a PayPal competitor with high fraud history. Ebay's new policy states that accepting a non-PayPal online payment system could result in the user's account being banned. Since PayPal only works in certain countries, Ebay's policy limits participation to the countries that PayPal supports. In the news
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Since PayPal only works in certain countries, Ebay's policy limits participation to the countries that PayPal supports. EBay lists Bidpay.com as the only alternative, but that company's demise predates this policy. Spoken. This is due to the wide numbers of fraudulant online payment methods. Surround Sound. [8] Beginning in January 2006, eBay now prohibits any online payment system other than Paypal, as stated here[9]. Rock. In August 2005 eBay required that sellers who accept PayPal not refuse credit card payments, which result in transaction fees. Reggae. This has brought criticism from people from within these countries.[7]. Rap. PayPal does not allow people from certain countries to use its services, and in some occasions where it does, it only allows the participants to send and not receive. R&B. PayPal's Seller Protection policies do not cover intangible goods or goods that are "not as described". Production and engineering. [4] [5] [6]. Pop. It's unclear whether simply waiting for PayPal to reach a decision in regards to the account would have resulted in PayPal allowing the money to eventually reach the Red Cross. Polka. Kyanka originally agreed to this, but after learning of the United Way's prior legal troubles, he asked PayPal to refund all the donations. Packaging and notes. Kyanka asked PayPal to transfer the funds to the Red Cross; PayPal said they couldn't do this, but could give the money to United Way (a rival charity collecting for the same cause, that had an undisclosed agreement with PayPal). New Age. To re-activate the account, PayPal demanded "proof of delivery", even though no products were being sold. Music Video. After receiving over $30,000 USD in donations in 9 hours, PayPal locked-down the account. Musical Show. In September 2005, PayPal suspended an account (opened by Something Awful owner Richard Kyanka) used to collect donations for the American Red Cross to help Hurricane Katrina victims. Latin. PayPal denies any wrongdoing. Jazz. The settlement requires that PayPal change its business practices (including changing its dispute resolution procedures to make them EFTA-compliant), as well as making a $9.25 million USD payment to members of the class. Historical. An informal settlement was reached in November 2003, and a formal settlement was signed on June 11, 2004. Gospel. The two lawsuits were merged into one class action lawsuit (In re PayPal litigation). Folk. Most of the allegations concerned PayPal's dispute resolution procedures. Film/TV/Media. In March 2002, two PayPal account holders separately sued the company for alleged violations of the Electronic Funds Transfer Act (EFTA) and California law. Disco. PayPal's account access limitations prevent the movement of funds until discrepencies, or terms of the limitation, are resolved. Dance. Banks and financial institutions provide chargeback rights for a specified period of time that varies by the institution. Country. This policy appears to protect PayPal from financial loss in the event of chargebacks or disputes. Composing and arranging. According to the PayPal user agreement, users agree to give PayPal the power to limit access to funds in the account for 180 days. Comedy. Controversial aspects of PayPal include the terms of its User Agreement; particularly, for limiting account access and user access to funds. Classical. Because it considers itself to be an 'electronic money transmitter', user rights and safeguards vary. Children's. PayPal is not subject to regular banking regulations. Blues. As long as seller provides confirmation of delivery available online, they are protected from chargebacks and fraudulent item-not-recieved claims. Alternative. PayPal also protects sellers by offering the Seller Protection Policy. Béla Fleck has been nominated in more categories than any other musician, namely country, pop, jazz, bluegrass, classical, folk, and spoken word, as well as composition and arranging. If the buyer used a credit card, they are ensured a refund via chargeback. Christopher Cross (Grammy Awards of 1981) and Norah Jones (Grammy Awards of 2003) are the only artists to receive the "Big Four" (Record of the Year, Album of the Year, Song of the Year, and Best New Artist) in a single ceremony. If this doesn't happen, PayPal will try to take the money back from the seller and refund the buyer. The most Grammys won in a single night is eight -- a record shared by Michael Jackson (1984), and Carlos Santana (2000). Buyers are ensured that they recieve the item they buy as it is described. Conductor Sir Georg Solti holds the record for most Grammys won, having won a total of thirty-eight awards before his death in 1997. PayPal's business model involves providing safety to buyers and merchants/sellers. Soul and R&B legend Aretha Franklin has won 11 awards for Best Female R&B Vocal Performance, including 8 consecutive (and the first 8 ever awarded) awards in the category:. PayPal's European subsidiary PayPal (Europe) is licensed as an electronic money institution and regulated by the UK Financial Services Authority. Legendary Opera Diva Leontyne Price has won 18 awards. Like Western Union, PayPal is considered a money transmitter in many states in the United States and is licensed as such where required. Session drummer Hal Blaine played on six consecutive records which won Record of the Year:. Therefore it is not required to abide by the legislation that governs banks. Metheny, as of the 2004 Grammy Awards, holds the record for Grammy wins in the most different categories:. Due to the manner in which it operates, PayPal is not considered a bank. Pat Metheny and the Pat Metheny Group have won 16 Grammys in total, including six consecutive awards for six consecutive albums. PayPal also operates a large customer-service center in La Vista, Nebraska, just outside Omaha. . PayPal operates locally in 13 markets, including: the United Kingdom, Canada, Australia, Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Switzerland and China. The Grammys are currently broadcast on CBS. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling and Japanese Yen. So, for example, John Lennon & Yoko Ono's album Double Fantasy was released in November, 1980, a month-and-a-half too late to qualify for the 1981 Grammys, and thus eligible for the 1982 awards (it eventually won the Grammy Award for Album of the Year). PayPal supports payments in U.S. Unlike the Academy Awards, for which the eligibility period begins January 1, the eligibility period for the Grammys begins October 1, which results in September being considered the Christmas sales period for the music industry (in which artists generally release big albums to qualify for the next year's Grammy). Every second PayPal processes an average of $823 in total payment volume. Of the "big three" music awards shows, the Grammys are the highest rated. As of the end of Q2 2005, PayPal operates in 57 countries (including China) and it manages over 86.6 million accounts. In fact, many artists who are placed in high regard, artistically, by many fans and critics (such as Elvis Presley, Mariah Carey, Garth Brooks, Pink Floyd, Kenny Rogers, The Rolling Stones, Led Zeppelin, Radiohead, ) have been awarded very few Grammys. In January of 2005 PayPal announced plans to pursue the Merchant Services opportunity, the online payments business 'off of eBay'. Hence, the Grammys are not taken seriously by some musicians and music fans. In 2004, the total value of transactions through the PayPal system was $18.9 billion, up 55% year over year. Some feel that because Grammy voters tend to vote conservatively, and are marketed to by record companies, the most widely-recognized Grammys tend to go to either well-established artists or those being hyped by the recording industry. BidPay itself ceased payment operations on the 31st December 2005 but the site remains to carry out any remaining customer service issues . The awards ceremony features performances by prominent artists, and some of the more prominent Grammys are presented in a widely-viewed televised ceremony. PayPal's only substantially similar competitor is now BidPay, after Citibank's c2it service closed in late 2003 and Yahoo!'s PayDirect service closed in late 2004. The awards are named for the trophy which the winner receives - a small gilded statuette of a gramophone, handcrafted by Billings Artworks. eBay has phased out its BillPoint service in favor of retaining the PayPal brand. Like the Oscars, the Grammys, which currently have 108 categories within 30 genres of music (such as pop, gospel, and rap), are voted upon by peers - voting members of the Recording Academy - rather than being based upon popularity (as with the AMAs) or sales and chart achievements (the BMAs). (See GAMEY) PayPal had previously been the payment method of choice by over fifty percent of eBay users, and the service competed with eBay's subsidiary BillPoint. However, the Grammys, usually held in February, (last of what are considered the "big three" music awards shows, including the BMA and AMA shows) are considered the approximate equivalent to the Oscars, in the music world. In October 2002 PayPal was acquired by eBay. The Grammy Awards (originally the Gramophone Awards), presented by the Recording Academy (an association of Americans professionally involved in the recorded music industry) for outstanding achievements in the recording industry, is one of four major music awards shows held annually in the United States (the Billboard Music Awards, the American Music Awards, and the Rock and Roll Hall of Fame Induction Ceremony, make up the rest). [2] [3]. Best Contemporary World Music Album. This paved the way for the company to eventually reconcile with its former rival, eBay. Best Traditional World Music Album. Yet the company was able to turn the corner and become the first dot-com to IPO after the September 11 attacks — an accomplishment that ironically backfired when PayPal's new high profile status helped prompt a slew of class action lawsuits and regulatory probes, including one by NY Attorney General Eliot Spitzer. Best World Music Album. And worst of all, eBay launched a payments service named Billpoint to compete with PayPal. Best Traditional Pop Vocal Album. Foreign Mafia rings found ways to steal millions from the young company. Best Spoken Comedy Album. Though growing rapidly, PayPal was losing $10 million a month and was fraught with internal turmoil that led to three CEO changes in its first year of operations. Best Spoken Word Album. [1]. Best Surround Sound Album. This name was acquired by PayPal in early 2000, when x.com merged with PayPal. Best Rock Album. As of Jan 2006, this URL still resolves to the PayPal home page. Best Rock Song. Unknown to many people is the fact that PayPal is one of the few Internet companies which has a single letter domain name, (http://www.x.com) in use. Best Hard Rock/Metal Performance Vocal or Instrumental. Coupled with aggressive marketing campaigns offering $10 (and later $5) for new users to sign up, the firm grew at a meteoric rate of 7–10 percent per day between January and March 2000. Best Metal Performance. The PDA software was later discarded in favor of a web-based system that became popular with eBay's millions of buyers and sellers. Best Hard Rock Performance. In its initial incarnation, PayPal was a service for users to send money via PDAs, with actor James Doohan, Star Trek's "Scotty," as its spokesman. Best Rock Instrumental Performance. Most of the early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin. Best Rock Performance by a Duo or Group with Vocal. On the business side, many of its initial recruits were alumni of The Stanford Review, which was also founded by Peter Thiel. Best Rock Vocal Performance, Solo. One of its first premises was the 165 University Avenue office in Palo Alto, California, home of a number of other noted Silicon Valley startups. Best Male Rock Vocal Performance. PayPal was founded in December 1998 by Peter Thiel and Max Levchin. Best Female Rock Vocal Performance. . Best Reggae Album. Corporate headquarters are in San Jose, California; it is now an eBay company. Best Rap Album. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee. Best Rap Song. PayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. Best Rap/Sung Collaboration. PayPal Acquires Verisign's Payment Gateway. Best Rap Performance by a Duo or Group. PayPal Releases Direct Payment API. Best Male Rap Solo Performance. Best Female Rap Solo Performance. Best Rap Solo Performance. Best Rap Performance. Best Contemporary R&B Album. Best R&B Album. Best R&B Song. Best Rhythm & Blues Recording. Best Urban/Alternative Performance. Best R&B Instrumental Performance. Best Traditional R&B Vocal Performance. Best R&B Performance by a Duo or Group with Vocals. Best R&B Solo Vocal Performance, Male or Female. Best Male R&B Vocal Performance. Best Female R&B Vocal Performance. Remixer of the Year, Non-Classical. Producer of the Year, Classical. Producer of the Year, Non-Classical. Best Remixed Recording, Non-Classical. Best Engineered Recording - Special or Novel Effects. Best Engineered Album, Classical. Best Engineered Album, Non-Classical. Best Pop Instrumental Album. Best Pop Vocal Album. Best Contemporary Song. Best Pop Instrumental Performance with Vocal Coloring. Best Pop Instrumental Performance. Best Performance by an Orchestra or Instrumentalist with Orchestra - Primarily Not Jazz or for Dancing. Best Performance by an Orchestra - for Dancing. Best Pop Collaboration with Vocals. Best Contemporary Performance by a Chorus. Best Pop Performance by a Duo or Group with Vocal. Best Contemporary (R&R) Solo Vocal Performance - Male or Female. Best Male Pop Vocal Performance. Best Female Pop Vocal Performance. Best Instrumental Performance. Best Performance by a Vocal Group or Chorus. Best Performance by a Chorus. Best Performance by a Vocal Group. Best Vocal Performance, Male. Best Vocal Performance, Female. Best Polka Album. Best Album Notes - Classical. Best Album Notes. Best Boxed or Special Limited Edition Package. Best Recording Package. Best Album Cover, Photography. Best Album Cover, Graphic Arts. Best Album Cover - Other Than Classical. Best Album Cover - Classical. Best Album Cover. Best New Age Album. Video of the Year. Best Performance Music Video. Best Concept Music Video. Best Long Form Music Video. Best Short Form Music Video. Best Sound Track Album or Recording of Original Cast From a Motion Picture or Television. Best Musical Show Album. Best Salsa/Merengue Album. Best Merengue Album. Best Salsa Album. Best Tejano Album. Best Latin Rock/Alternative Album. Best Mexican/Mexican-American Album. Best Traditional Tropical Latin Album. Best Latin Pop Album. Best Latin Recording. Best Latin Jazz Album. Best Contemporary Jazz Album. Best Jazz Vocal Album. Best Original Jazz Composition. Best Jazz Fusion Performance. Best Large Jazz Ensemble Album. Best Jazz Instrumental Album, Individual or Group. Best Jazz Instrumental Solo. Best Jazz Vocal Performance, Duo or Group. Best Jazz Vocal Performance, Male. Best Jazz Vocal Performance, Female. Best Historical Album. Best Gospel Choir or Chorus Album. Best Southern, Country or Bluegrass Gospel Album. Best Contemporary Soul Gospel Album. Best Traditional Soul Gospel Album. Best Rock Gospel Album. Best Pop/Contemporary Gospel Album. Best Inspirational Performance. Best Soul Gospel Performance by a Duo or Group, Choir or Chorus. Best Soul Gospel Performance, Male or Female. Best Soul Gospel Performance, Male. Best Soul Gospel Performance, Female. Best Soul Gospel Performance, Contemporary. Best Soul Gospel Performance, Traditional. Best Soul Gospel Performance. Best Gospel Vocal Performance by a Duo or Group, Choir or Chorus. Best Gospel Vocal Performance, Male. Best Gospel Vocal Performance, Female. Best Gospel Performance, Contemporary. Best Gospel Performance, Traditional. Best Gospel Performance. Best Hawaiian Music Album. Best Native American Music Album. Best Contemporary Folk Album. Best Traditional Folk Album. Best Ethnic or Traditional Folk Recording. Best Score Soundtrack Album for a Motion Picture, Television or Other Visual Media (previously in the "composing and arranging" field). Best Song Written for a Motion Picture, Television or Other Visual Media (previously in the "composing and arranging" field). Best Compilation Soundtrack Album for a Motion Picture, Television or Other Visual Media. Best Disco Recording. Best Electronic/Dance Album. Best Dance Recording (previously in "Pop"). Best New Country & Western Artist. Best Bluegrass Album. Best Country Album. Best Country Song. Best Country & Western Single. Best Country & Western Recording. Best Country Instrumental Performance. Best Country Collaboration with Vocals. Best Country Performance by a Duo or Group with Vocal. Best Country Performance, Duo or Group - Vocal or Instrumental. Best Male Country Vocal Performance. Best Female Country Vocal Performance. Best Vocal Arrangement for Two or More Voices. Best Instrumental Arrangement Accompanying Vocalist(s). Best Instrumental Arrangement. Best Arrangement. Best Score Soundtrack Album for a Motion Picture, Television or Other Visual Media (now in the "film/TV/media" field). Best Song Written for a Motion Picture, Television or Other Visual Media (now in the "Film/TV/Media" field). Best Instrumental Composition. Best Spoken Comedy Album. Best Comedy Album. Best New Classical Artist. Best Classical Crossover Album. Best Classical Album. Best Classical Contemporary Composition. Best Chamber Music Performance. Best Small Ensemble Performance (with or without conductor). Best Instrumental Soloist Performance (without orchestra). Best Instrumental Soloist(s) Performance (with orchestra). Best Classical Performance - Instrumental Soloist or Soloists (with or without orchestra). Best Choral Performance. Best Opera Recording. Best Classical Performance, Operatic or Choral. Best Classical Vocal Performance. Best Orchestral Performance. Best Spoken Word Album for Children. Best Musical Album for Children. Best Album for Children. Best Contemporary Blues Album. Best Traditional Blues Album. Best Alternative Music Album. Grammy Trustees Award. Grammy Tech Award. Grammy Lifetime Achievement Award. Grammy Legend Award. Grammy Hall of Fame. Best New Artist. Song of the Year. Album of the Year. Record of the Year. 1988 - Aretha. 1986 - "Freeway of Love". 1982 - "Hold On, I'm Comin'". 1975 - "Ain't Nothing Like The Real Thing". 1974 - "Master of Eyes". 1973 - Young, Gifted, and Black. 1972 - "Bridge Over Troubled Water". 1971 - "Don't Play That Song". 1970 - "Share Your Love With Me". 1969 - "Chain of Fools". 1968 - "Respect". 1971 Simon & Garfunkel - "Bridge Over Troubled Water". 1970 5th Dimension - "Aquarius/Let the Sunshine In". Robinson". 1969 Simon & Garfunkel - "Mrs. 1968 5th Dimension - "Up, Up and Away". 1967 Frank Sinatra - "Strangers in the Night". 1966 Herb Alpert & the Tijuana Brass - "A Taste of Honey". Best New Age Album (2004). Best Jazz Instrumental Solo (2001). Best Rock Instrumental Performance (1999). Best Jazz Instrumental Performance, Individual or Group (1998, 2000). Best Contemporary Jazz Performance/Album (1993, 1994, 1996, 1999, 2003). Best Instrumental Composition (1991). Best Jazz Fusion Performance (1983, 1984, 1985, 1988, 1990). |