PayPal is committed to revolutionizing financial services so more people and businesses have access to those services. The belief is those services create opportunity and give people and businesses the means necessary to join and thrive in the global economy. Since PayPal provides an open digital payments platform, its active account holders have the confidence to connect and transact in new ways, including online, using a mobile device, through an app or even in person. With PayPal the possibilities are endless.
Through innovation and partnerships, PayPal is revolutionizing the industry by finding better ways to manage and move money. The company provides a sort of flexibility that you won't find anywhere else when it comes to sending payments or getting paid. PayPal currently has more than 300 million active users and is available in more than 200 markets around the world. PayPal provides options to receive money in over 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
"We strive to create a world where everyone has access to the tools, resources, and opportunities they need to improve their financial health and participate in the global economy," said Dan Schulman, President and CEO. "To fulfill this mission, we work to maximize the positive impact of our business and to be a responsible, transparent, and sustainable corporate citizen on behalf of all of our stakeholders. I'm excited by our progress to date and believe we can continue to demonstrate real, meaningful leadership on a global level."
Diving Into the Values at PayPal
PayPal has a strong commitment to building upon each employee's unique capabilities in order to drive social change. This Social Innovation serves purpose through the company's resources and expertise. To be able to keep this commitment up, the company follows 3 key areas:
By following those values, the company strives to create a platform for everyone to participate and thrive in the global economy, which is why they're dedicated to improving financial health. At PayPal, they believe your wellness can be directly impacted by your financial health. So to improve your wellness overall, PayPal and its employees are constantly looking for ways to make a lasting social impact in meaningful ways. They're committed to helping the communities in which they live and work become more inclusive.
The Team at PayPal
Where Everyone is a Pal
Hiring the right people is imperative to the structure at PayPal. In order to continue to see success in the financial industry, they work hard to attract, recruit, retain and develop a workforce that is as diverse as the world it serves. PayPal is able to create meaningful products and services through this diverse and inclusive environment because of the type of ideas that stem from it.
The purpose-driven company believes in One Team Behaviors that holds everyone within PayPal to the highest ethical standards. This mindset also sparks an open and diverse workplace through ensuring every person who comes into contact with PayPal is treated with nothing but dignity and respect. The employees at PayPal are constantly seeking out ways to challenge what is socially acceptable in the financial industry. They ask lots of questions, which leads to them finding the best solutions.
In addition, the company aspires to increase the representation of all backgrounds. This includes LGBTQ+, military veterans, ethnic and racial groups, gender, and people with disabilities. With an employee-centered approach, the people who work at PayPal truly feel appreciated. And they are recognized regularly for helping drive the company's success.
The Culture at PayPal
Pay it Forward
"Every person has the right to participate fully in the global economy, and we have an obligation to empower people to exercise this right and improve financial health." Paypal's mission and vision statement is something that is very important to the culture of the company. Employees come in every day ready to live up to these expectations. But the mission is not only thought of when it comes to the products and services it provides, but also extends to the type of opportunities that are offered to employees.
The culture at PayPal is deeply committed to providing a diversified environment. Everyone works together to honor involvement, respect, collaboration and connection. It is highly believed at PayPal that the variety of ideas, backgrounds and perspectives have a larger positive impact on business. "This is a place where you can do interesting things with great people and still have a life, which I think can be really unique in Silicon Valley," said Nora Grasham, Senior Director of Employee Technology Solutions.
The Benefits at PayPal
Lead the Way
Leadership at PayPal knows that the secret to you being successful in your career stems from having time away from work. While the company offers a generous PTO program, they also have a sabbatical program in place. For every 5 years of service at PayPal, employees receive 4 weeks of pay to take a sabbatical.
Additionally, PayPal employees receive educational benefits that are available on-site. These benefits include both courses and training. Through the Emerging Leadership Program and Technology Leadership Program, it's easy to see that career development at PayPal is strongly encouraged. The Technology Leadership Program is a 2-year rotational program offered to qualified technologists. It's pretty obvious that PayPal cultivates a culture where employees are supported in leading successful careers.
