[DOC] [TLE] PayPal to separate from eBay in 2015 - US News [PAR] Sep 30, 2014 ... (AP)  PayPal is splitting from EBay Inc. and will become a ... Investors were 
happy too, sending eBay shares up more than 7 ... It collects fees from over 150 
million users who use the online service to send money to other users and pay 
for ... Acquired by eBay in 2002 for $1.3 billion, its partnership with the... [DOC] [TLE] PayPal - Wikipedia [PAR] PayPal Holdings, Inc. is an American company operating a worldwide online 
payments system. Online money transfers serve as electronic alternatives to 
traditional paper ... PayPal was developed and launched as a money transfer 
service at ... More than 70 percent of all eBay auctions accepted PayPal 
payments, and... [DOC] [TLE] PayPal payment system - Ukrcash.com [PAR] You can deposit your PayPal account via our exchange service. ... In October 
2002 eBay purchased PayPal for $1,5 billion and announced the system ... More 
than 90% of online merchants worldwide accept payments for their goods only 
via PayPal. ... The peculiarity of the system is that you can carry out money 
transfer via... [DOC] [TLE] How PayPal Plans to Get Back on Top in Digital Payments - Fortune [PAR] Jun 6, 2016 ... The company, whose virtual wallet lets consumers make online ... Owning the 
service enabled eBay to be paid twice for every auction: once ... In 2014, 
Braintree processed $23 billion in payments; the following year, that figure more 
than .... Last July, PayPal paid $890 million to buy money-transfer service... [DOC] [TLE] The Future of Money: It's Flexible, Frictionless and (Almost) Free ... [PAR] Feb 22, 2010 ... The Future of Money From Credit Card to PayPal: 3 Ways to Move ... That's how 
you should pay people, Ivey publicly replied. ... For the most part, its powers were 
confined to eBay, the online auction company that purchased PayPal in 2002. ... 
to transfer money to one another with nothing more than a PIN. [DOC] [TLE] Online payments: Paying through the mouse - The Economist [PAR] May 20, 2004 ... PayPal is turning into a huge online-payments business. ... popularity, so in 2002 
eBay bought PayPal for $1.5 billion in shares. ... In the first quarter of 2004, the 
value of items sold on eBay was $8 billion, 51% more than a year earlier. ... you 
can pay your taxes in York County, South Carolina or send a... [DOC] [TLE] Whitman's fortune entwined with Goldman Sachs | California Watch [PAR] Apr 10, 2010 ... Candidate Meg Whitman touts her experience at eBay, the online auction ... Also 
during Whitman's service, Goldman invested $140 billion into mortgage-backed 
securities. ... During the 2002 IPO spinning controversy, Whitman denied ... 
Goldman was paid more than $8 million for its work at eBay, wrote... [DOC] [TLE] Growing PayPal may one day overshadow eBay - Business - US ... [PAR] Nov 4, 2009 ... Most people know eBay Inc. for its online marketplace, where deals abound on ... 
PayPal, the online payments service that has been growing steadily even as ... as 
more consumers and merchants use it to send money online. ... was bought by 
eBay for $1.5 billion in 2002 and has been a steady performer. [DOC] [TLE] Articles about Paypal Inc - latimes [PAR] EBay Inc.'s $1.5-billion purchase of online payment service PayPal Inc. was ... 
The Justice Department ended its review without asking for more information, 
said EBay, ... against online auctioneer EBay Inc. and its pay-system affiliate, 
PayPal Inc., ... payment service can now use their cellphones to instantly send 
money, buy... [DOC] [TLE] EBay spinning off PayPal as separate company - Sep ... - CNN Money [PAR] Sep 30, 2014 ... Online auction site eBay to spins off online payment service PayPal. ... The news 
sent shares of eBay (EBAY, Tech30) up more than 6% in early trading ... EBay 
bought PayPal for $1.5 billion in 2002. ... to pay at traditional retailers, are likely to 
reach

Question: In 2002 eBay paid more than $1 billion for this service for sending money online
Answer: PayPal