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What does PayPal mean?

Looking for the meaning or definition of the word PayPal? Here's what it means.

Proper noun
  1. A US company that operates a worldwide online payment system.
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Examples
I will accept cash, cheques drawn against a UK bank, postal orders and payments through PayPal.
PayPal is an Internet-based payment system run by EBay, enabling you to pay bills from the cybershop of SBB Historic directly on the Internet.
These bogus alerts directed users to a maliciously constructed Web site run by Papierniak, instead of the genuine PayPal site.
PayPal then transfers the money electronically to your bank account or posts it to you as a cheque.
Once PayPal has your bank details it deposits two small security amounts into your bank account.
PayPal is one of the largest credit card transaction handlers in the world.

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