The cycle of innovation is compressing

Confidential and Proprietary3 Programming Languages Customer Experience Devices Platform Seamless Integration Web Squared Lifestyle

“100 things your kids may never know about” (Wired, 7/09)

Blake loves sneakers and sells them in Australia. He wants to sell online but struggles with payments. Problem: Checks & money orders are slow and inconvenient. Consumers prefer cards but individuals & very small businesses can’t accept them. Blake loves sneakers and sells them in Australia. He wants to sell online but struggles with payments. Problem: Checks & money orders are slow and inconvenient. Consumers prefer cards but individuals & very small businesses can’t accept them. Blake Solution: Enable individuals to accept cards & other payment types Enable transactions between distant people who don’t know or trust each other Solution: Enable individuals to accept cards & other payment types Enable transactions between distant people who don’t know or trust each other Electronic payments removed friction in eCommerce

Confidential and Proprietary6 Goal: Monetize your applications with global payments capability. Initial Suite of Services in PayPal’s Open Platform