PayPal provides businesses or individuals with an email address with a secure, convenient and cost-effective way to send and receive payments online. PayPal network is built on the existing financial infrastructure of bank accounts and credit cards. PayPal payment products are ideally suited for SMEs, online merchants, individuals and others currently underserved by traditional payment mechanisms.
PayPal (Europe) S.à r.l. et Cie, S.C.A. is the 22nd largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 7 441,25 mln EUR. In 2019 the bank's annual profit was 125,68 mln EUR. PayPal (Europe) S.à r.l. et Cie, S.C.A. had 101 employees in 2019.
PayPal (Europe) S.à r.l. et Cie, S.C.A. participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. PayPal (Europe) S.à r.l. et Cie, S.C.A. is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.
PayPal (Europe) S.à r.l. et Cie, S.C.A. is headquartered in LUXEMBOURG.