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Summary: PayPal, one of the most widely used online payment platforms globally, is publicly traded on the NASDAQ Exchnage under the ticker PYPL. To buy PayPal stock, opt for a regulated online trading platform. We suggest considering eToro for this purpose.
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What is PayPal?
Founded in 1998 as Confinity, PayPal went public with an initial public offering (IPO) in 2002. Later that year, the company was acquired by eBay (NASDAQ: EBAY) for $1.5 billion. Then, in 2015, eBay spun off PayPal, making it an independent company once again.
PayPal is listed on the Nasdaq Exchange under the stock symbol PYPL and is a constituent of the Nasdaq-100, the S&P 100, and S&P 500 indexes.
How to buy PayPal stock? A step-by-step process
Follow these four steps to buy PayPal stock:
Step 1: Choose a broker
To buy PayPal stock, start by selecting a reliable online broker. We recommend eToro for its user-friendly interface, transparent fee structure, and reputable standing in the industry. eToro is suitable for both beginners and experienced investors, offering a range of features, including:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 exchanges;
- Fractional shares;
- Copy-trading and Smart Portfolios;
- Intuitive user interface.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
- Visa Inc. (NYSE: V): A leading global payment technology company, Visa is pivotal in the worldwide digital transaction space;
- Mastercard Inc. (NYSE: MA): Similar to Visa, Mastercard is a major player in the global payment processing industry and offers a range of innovative payment solutions;
- Intuit Inc. (NASDAQ: INTU): Providing financial management software like QuickBooks and TurboTax, Intuit covers aspects of personal finance and small business finance;
- Coinbase Global, Inc. (NASDAQ: COIN): As one of the largest cryptocurrency exchange platforms, Coinbase represents the growing sector of digital currencies and blockchain;
- Block, Inc. (NYSE: SQ): Specializing in small business payment solutions and mobile payments;
- Adyen (Amsterdam: ADYEN.NV): A multinational payment company offering seamless payment solutions;
- SoFi Technologies, Inc. (NASDAQ: SOFI): Specializing in personal finance with a range of financial services;
- LendingClub Corporation (NYSE: LC): A leader in the peer-to-peer lending space, offering services ranging from student loan refinancing to investment platforms;
- Robinhood Markets, Inc. (NASDAQ: HOOD): Known for its mobile app that offers commission-free stock and cryptocurrency trading, Robinhood appeals to the retail investment market;
- Affirm Holdings, Inc. (NASDAQ: AFRM): A leader in the buy now, pay later sector, Affirm partners with retailers to offer flexible payment solutions for consumers;
- Payoneer Global Inc. (NASDAQ: PAYO): Specializing in cross-border payments, Payoneer caters to businesses and professionals with international transaction needs;
- Wise plc (LSE: WISE): Formerly TransferWise, Wise is known for its low-cost, transparent approach to international money transfers;
- Global Payments Inc. (NYSE: GPN): Providing payment technology services to merchants, Global Payments is a key player in the merchant services sector;
- Stripe Inc.: Although not publicly traded, Stripe is a major player in online payment processing. Look through our guide to see how to invest in Stripe.
How to choose the best online broker?
Consider these factors when choosing a broker:
- Purpose: Define your goals for the platform;
- Availability of different assets: Does the broker offer your preferred investment instruments?
- Fees: Compare costs and any hidden charges;
- Usability: Ensure the platform is easy to navigate;
- Features: Look for valuable tools and resources;
- Security: Check for solid security protocols and regulatory compliance;
- Customer support: Prioritize brokers with good customer service;
- Reputation: Research reviews and ratings;
- Flexibility: Ensure compatibility with various devices;
- Withdrawal and deposit options: Look for convenient fund transfer methods.
Step 2: Open and fund your account
After selecting a broker, open an account on their website or app, providing necessary personal details. Deposit funds to cover your stock purchase and any fees. You can typically use methods like bank transfers, credit cards, or PayPal.
Step 3: Place your order to buy PayPal stock
To buy PayPal stock:
- Using its ticker symbol, PYPL, navigate to PayPal’s detail page on your broker’s platform;
- Click “Trade” or “Buy” to specify the number of shares or the investment amount;
- Review your order, set limits or stops if desired, and confirm the purchase.
Step 4: Monitor your investment in PayPal
To effectively monitor your investment in PayPal, periodically check the stock’s performance using the tools available by your broker, review PayPal’s financial reports for insights into the company’s health, and stay informed on significant news and market trends affecting the fintech sector. Additionally, periodically reassess how this investment aligns with your overall investment goals and risk tolerance to make informed decisions.
PayPal stock price today
Pros and cons of buying PayPal stock
Pros
- Market leadership: PayPal is a well-established leader in the online payment space, with a strong brand and a large, growing user base,
- Diverse revenue streams: PayPal’s diverse range of services, including its core payment platform, Braintree, Venmo, and international transfers, provides multiple sources of revenue;
- Expanding market: The digital payment market is rapidly growing, with increasing adoption of online and mobile commerce globally;
- Strong financial performance: Historically, PayPal has shown strong financial performance with consistent revenue growth and profitability.
Cons
- Competition: The digital payments market is highly competitive, with major players like Block, Stripe, and traditional banking institutions vying for market share;
- Regulatory risks: The fintech industry faces stringent and evolving regulatory environments across different countries, which can impact PayPal’s operations;
- Market sensitivity: As a technology stock, PayPal can be more sensitive to market volatility, particularly during economic uncertainty;
- Dependence on consumer spending: PayPal’s performance is closely tied to consumer spending patterns, making it susceptible to economic downturns.
In conclusion
To buy PayPal stock:
- Open a brokerage account;
- Fund your account;
- Place your order via your brokerage;
- Monitor your investment.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy PayPal stock
How to buy PayPal stock?
To buy PayPal stock, you need to have a brokerage account. Once you’ve set up and funded your account, you can navigate to PayPal through your broker’s search options and proceed to buy shares according to your budget and investment strategy.
Where to buy PayPal stock?
You can buy PayPal stock from various online brokers, including platforms like eToro
Is PayPal a good stock to buy?
Determining if PayPal is a good stock to invest in depends on your individual risk tolerance, portfolio size, financial objectives, and experience in the market. It’s crucial to conduct thorough research before making any investment decisions. Remember, past performance is not indicative of future results.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
