About PayPal
The wallet that sits next to the card on checkout.
PayPal started in 1998 as Confinity, renamed itself PayPal in 2001, was acquired by eBay in 2002 and spun out as an independent public company again in 2015. The portfolio now includes the PayPal button and PayPal Business platform, Braintree for developer-side card processing, Venmo for peer and business payments in the US, Xoom for international remittance, Zettle for in-person card acceptance, Hyperwallet for mass payouts and Honey for consumer deal discovery. The merchant side supports more than two hundred markets and around two dozen currencies.
The reason to pull PayPal into a warehouse is that for most merchants PayPal is not the only payment rail. It is the wallet that sits next to the card, the iDEAL button and the Bancontact button on the same checkout page. Without a warehouse, PayPal revenue lives in the PayPal business dashboard, card revenue lives in the gateway dashboard, and the accounting ledger gets one net payout from each. In a warehouse, the PayPal transaction, invoice, product and subscription line up against the webshop order, the CRM account and the finance booking, and cross-channel revenue finally reads as one story.