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Deep Dive: PayPal

  • PayPal is one of the seminal financial services companies of this generation.
  • Here's a deep dive into PayPal's products, business, and company.
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Deep Dive: PayPal

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PayPal is a global payments network and technology company that facilitates digital and mobile payments for consumers and merchants. PayPal’s payment technologies allow consumers and businesses to send and receive payments in person, online and across a mobile device. PayPal is available in more than 200 global markets and supports payments in more than 100 currencies. Consumers can withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. As of December 31st 2020, PayPal reported to host 377 million active accounts. comprising 348 million consumer active accounts and 29 million merchant active accounts.

Profile

Robinhood is an online stock brokerage that offers its customers commission free trading and investing. Robinhood users can invest and trade in stocks, exchange traded funds, options, and cryptocurrency. Customers can invest in over 5,000 stocks with Robinhood, including most U.S. equities and ETFs listed on U.S. exchanges.

Robinhood Financial, LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. All cryptocurrency holdings are held in Robinhood Crypto as opposed to Robinhood Financial.

The company was founded in 2013 by Stanford roommates Baiju Bhatt and Vladimir Tenev. It has its headquarters in Menlo Park California and offices in the U.S and the UK.

Account Types

Robinhood’s products are accessible through its three different accounts: Robinhood Instant, Robinhood Gold and Robinhood Cash.

Robinhood Instant

Robinhood Instant is the default Robinhood account which is a margin account that has access to extended hours trading and instant deposits. Robinhood Instant account users do not have to wait for funds to process while selling stocks or depositing up to $1000.

Robinhood Gold

Robinhood Gold comprises a range of investing tools and premium products such as greater instant deposits starting at $5000 to a max of $50k, research from Morningstar on 1700 stocks, Level II Market Data from Nasdaq and more access to trading on margin. It has greater buying power and larger instant deposits as compared to the Robinhood Instant account.


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