Paypal Proxy
DEF 14A – SEC.gov
DEF 14A
1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D. C.
20549 SCHEDULE 14A INFORMATION Proxy Statement
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PayPal Holdings, Inc.
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2020 Annual Meeting of Stockholders and Proxy Statement
MESSAGE FROM OUR PRESIDENT AND CEO
Dear Colleagues, Customers, Partners and Stockholders: Five years ago, we set out to
create a new PayPal. What was once a checkout button has been transformed into a financial services and commerce platform driven by a mission to help merchants and consumers join and thrive in the global economy. We have a bold vision for the future
of commerce with the capabilities and resources to execute on our ambitious goals. As a company and as a community, the past year was a period of meaningful progress
in advancing our mission and becoming a truly great company. I’m pleased to share with you some of PayPal’s 2019 accomplishments.
Investing in Our Employees
PayPal President and CEO Dan Schulman visited employees in Omaha, Nebraska to discuss the company’s recently implemented programs
to support the financial health of its employees. Our employees are one of our company’s greatest competitive advantages. It was the highlight of my year
to announce that PayPal would launch a comprehensive program to help our employees feel more financially secure. We raised wages where appropriate, lowered the cost of healthcare for some employees by an average of 58%, enhanced our benefits and
gave every employee an ownership stake in PayPal by granting equity awards – regardless of level, location or tenure. We also are providing employees with new tools and resources to help guide their long-term financial planning and decisions.
These steps were important to ensure that everyone at PayPal feels the same sense of accountability, responsibility and passion for serving our customers. Investing
in our employees will help us better serve our customers and ultimately drive long-term value. It’s been amazing to see the worldwide employee reception to this initiative. In 2020 and beyond, we’ll continue building on these initiatives
and challenging other members of the business community to consider the obligations we all have to our employees.
Driving Record Results with Strong Growth
Across our business we delivered another strong year of financial performance. For the year, we delivered $17. 8 billion in revenue, growing 19% on an FX-neutral basis(1), adjusted for our 2018 credit receivables sale to Synchrony(2). Our strong revenue
growth, combined with disciplined expense management, enabled 28% year-over-year growth in our non-GAAP earnings per share to $3. 10(3). We ended the year
with a record 305 million active accounts on our platform, including 24 million merchant accounts. Engagement grew by 10% to an average of 40. 6 transactions per active account.
Redefining Our Market Opportunity In 2019, we
significantly expanded our total addressable market with the acquisition of Guofubao Information Technology Co., Ltd. (GoPay) and the announcement of our acquisition of Honey Science Corporation, and our commercial partnerships with Uber and
MercadoLibre. The addition of Honey to our platform enables a significant step forward in our commitment to provide powerful services and tools for merchants and
consumers, move beyond our core checkout proposition and significantly enhance the shopping experience for our customers. With the acquisition of GoPay, PayPal
became the first foreign payment platform licensed to provide online payment services in China. This important step allows us to be a stronger partner to Chinese financial institutions and technology platforms. Our initial focus is on providing
cross-border payment solutions to China’s merchants and consumers, linking China’s commerce ecosystem to PayPal’s global two-sided network.
We both solidified and extended our global partnership with Uber, and also announced that we intend to explore future commercial payment collaborations including the
development of Uber’s digital wallet. We also signed a commercial agreement with MercadoLibre following our strategic investment earlier in the year, significantly expanding our market opportunity in Latin America.
Responsibly and Prudently Deploying Capital Resources
Throughout 2019, we were able to strategically deploy our capital to ensure that we remain well positioned – financially and technologically – to deliver value
to all of our stakeholders. Our strong performance has enabled us to utilize the debt markets to raise capital and ensure that our capital structure takes full advantage of low rates and the strong support for our business.
Our PayPal Ventures unit continues to thrive by identifying, evaluating and making disciplined strategic investments in early to
mid-stage companies to drive growth and long-term innovation.
PayPal President
and CEO Dan Schulman delivered remarks during the 2019 United Nations General Assembly on progress towards financial inclusion and the challenges and
opportunities that lie ahead.
Leveraging Our Platform to Maximize Global Good
PayPal has always strived to demonstrate that our values are not just words on a page, but the driving force of our company. When 2019 began, the longest federal
government shutdown in U. S. history caused thousands of furloughed employees to struggle to pay for groceries, rent, gas, medications and other everyday necessities. We committed $25 million in interest-free cash advances to furloughed U. S.
government employees – stepping in and taking action when the government was at a standstill. In our second annual Global Impact Report, we set the goal of
using 100% renewable energy in our data centers by 2023 and joined other companies in taking measurable action. I’m continually inspired by the generosity of
the expanding PayPal community, which continues to reach new heights. PayPal processed a record $10 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone. We remain committed to
harnessing the power of our technology and scale to provide new ways for people to give to the causes they care about – and to help charitable organizations raise mission-critical funds that make a difference for communities around the world.
Looking Ahead We release this year’s
annual report amidst the backdrop of unprecedented amount of change and uncertainty in the world. The coronavirus pandemic has no boundaries or geographic lines. The new circumstances we all are navigating have illuminated how interconnected our
world is and how we need to work together to take care of each other and our communities, and especially those who are most vulnerable. All of us at PayPal are
committed to supporting our customers as they manage through the impact of the coronavirus, and we feel fortunate that we are in a position to help. Our products and services are more important to our customers and communities than ever before, and
we remain steadfast in our mission. I’ve been leading PayPal for the past five years, and I’ve never been more inspired about the difference we can make for our customers, or more excited about our future.
Thank you for your support and confidence. Dan Schulman
President and CEO PayPal Holdings, Inc.
NOTES: 1 All growth rates represent year-over-year comparisons, except as otherwise noted. FX-neutral results are calculated by translating the current period’s
local currency results with the prior period’s exchange rate. FX-neutral growth rates are calculated by comparing the current period FX-neutral results with the
prior period’s results, excluding the impact from hedging activities. 2 Adjusted for the sale of our U. S.
consumer credit receivables portfolio to Synchrony, which was completed in July 2018. Full year 2019 revenue growth included an expected decline of approximately 3. 5 percentage points for full year 2019 related to this sale.
3 Non-GAAP earnings per share is a financial measure not calculated in
accordance with U. generally accepted accounting principles (“GAAP”). For a reconciliation of non-GAAP to GAAP earnings per share, please see “Appendix A – Reconciliation of non-GAAP
Financial Measures” in the attached proxy statement.
Message from Our Independent Chairman of the Board
April 8, 2020 Dear PayPal Stockholders,
On behalf of the Board, thank you for your investment in PayPal. 2019 was another strong year for PayPal as we continued to execute on our strategic initiatives and
deliver long-term, sustainable value to our stockholders. We are also proud of the progress we have made in key areas of corporate governance, including the increasing diversity of our directors, enhancing stockholder engagement, and expanding our
environmental and social impact programs that align with PayPal’s mission, vision and values. Board
Composition and Diversity. We are proud to have a dynamic, well-functioning Board with the right mix of skills, experiences, diversity and backgrounds for PayPal. The Board is committed to ensuring that our
corporate governance framework supports effective oversight of our Company, strong management accountability, public trust and the ability to adapt to the continuously evolving competitive environment in which we operate.
We have a strong commitment to diversity and inclusion at every level of PayPal, including our Board and our Executive Staff. Since 2015, we have added five directors to
our Board, all from diverse backgrounds with strong and relevant experience. Forty-five percent of Board members standing for re-election are women or from underrepresented ethnic minorities.
Stockholder Engagement. Proactive engagement with our stockholders is an
essential part of our Board’s commitment to robust governance. Our year-round stockholder engagement program and regular discussions with our stockholders on topics including operating performance, corporate governance, and environmental and
social issues provide valuable insights into emerging issues and feedback on our efforts. In 2019, we contacted investors representing approximately 59% of our common stock, and ultimately engaged with holders of almost 45% of our common stock. Our
Compensation Committee Chair, Dave Dorman, and Committee member Jonathan Christodoro participated in calls with investors representing 30% of our common stock.
Environmental, Social and Governance (“ESG”) Leadership. We are
committed to responsibly managing our key environmental, social, and governance (ESG) opportunities and risks in a manner consistent with our mission and vision to democratize financial services. Our Board recognizes the importance of effective risk
oversight and risk management, including with respect to cybersecurity, information security and privacy-related risks, as well as other ESG topics, and we devote significant time and attention to oversight of these risks. We also appreciate that
our success is heavily dependent on our people. Our human capital management strategy focuses on the whole employee lifecycle, incorporates a pay-for performance compensation program, and provides employees
with comprehensive benefits and opportunities for advancement. Please Join Us at Our 2020 Annual Meeting.
I look forward to discussing these developments further with you at the 2020 Annual Meeting, which will again be held via live webcast at.
Sincerely yours, /s/ John J. Donahoe
John J. Donahoe Chairman of the Board
Notice of 2020 Annual Meeting of Stockholders
Notice of 2020 Annual Meeting of Stockholders
Date:
Thursday, May 21, 2020
Time:
8:00 a. m. Pacific Time
Place:
Online at. There is no physical location for the 2020 Annual Meeting.
Items of Business:
Election of the 11 director nominees named in this proxy statement.
Advisory vote to approve named executive officer compensation.
Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditor for 2020.
Consideration of two stockholder proposals, if properly presented at the Annual Meeting.
Such other business as may properly come before the Annual Meeting.
Record Date:
March 27, 2020 (the “Record Date”) Only stockholders of
record at the close of business on the Record Date are entitled to receive notice of, and to vote at, the Annual Meeting.
Participation in
Virtual Meeting:
We are pleased to invite you to participate in our Annual Meeting, which will be conducted exclusively online at. Please see “Important Information About
PayPal’s Virtual Annual Meeting” on the following page for additional information. The
Annual Meeting will begin promptly at 8:00 a. Pacific Time. The virtual meeting room will open at 7:45 a. Pacific Time for registration.
Voting:
Your vote is very important to us. Please act as soon as possible to vote your shares, even if you plan to participate in the Annual Meeting. For specific instructions on how to vote your shares, please see
“Frequently Asked Questions — Voting Information” beginning on page 92 of this proxy statement.
By Order of the Board of Directors
/s/ Brian Y. Yamasaki
Brian Y. Yamasaki
Corporate Secretary
This notice of Annual Meeting and proxy statement and form of proxy are being distributed and made available on or about April 8,
2020. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on May 21, 2020
This proxy statement and PayPal Holdings, Inc. ’s 2019 Annual Report are available electronically at and with your 16-digit control
number by visiting
2020 Proxy Statement
Important Information About PayPal’s Virtual Annual Meeting
Important
Information About PayPal’s Virtual Annual Meeting PayPal’s 2020 Annual Meeting will be conducted online only, via live video webcast. Stockholders
will be able to access the meeting live by visiting. We are utilizing the virtual meeting format to enhance stockholder access and encourage participation and communication with our management.
We have an established track record of conducting efficient and effective virtual meetings since becoming an independent company in 2015 and will continue to ensure that
our stockholders are afforded the same rights and opportunities to participate as they would at an in-person meeting. We believe this format facilitates stockholder attendance and participation by
enabling all stockholders to participate fully, and equally, using any Internet-connected device from any location around the world at no cost. Our virtual meeting format increases our ability to engage with all stockholders, regardless of size,
resources, or physical location, protects the health and safety of attendees, saves the Company’s and stockholders’ time and money, and reduces our environmental impact.
Participating in the Virtual Annual Meeting.
•
Instructions on how to attend the virtual Annual Meeting are posted
at.
Stockholders may begin to log into the meeting platform beginning at 7:45 a. Pacific Time on May 21, 2020. The
meeting will begin promptly at 8:00 a. Pacific Time on May 21, 2020.
Stockholders will need to use the 16-digit control number
provided in their proxy materials to attend the virtual Annual Meeting and listen live at.
Stockholders of record and beneficial owners as of the March 27, 2020 Record Date may vote their shares electronically
live during the virtual Annual Meeting.
On the date of the Annual Meeting, stockholders with questions regarding how to attend and participate in the virtual
meeting, or stockholders encountering any difficulties accessing the virtual meeting during the check-in or meeting time
may call 1-800-586-1548 (US) or 1-303-562-9288 (International).
Additional Information About the Virtual Annual Meeting.
Stockholders may submit questions during the live meeting at or in advance
of the meeting at.
During the live Q&A session of the meeting, members of our executive management team and our Chairman of the Board will
answer questions as they come in and address those asked in advance, as time permits.
Our rules of conduct and procedure governing our virtual annual meeting generally provide that:
○
After the conclusion of the formal meeting, management will answer stockholder questions.
In order to allow us to answer questions from as many stockholders as possible, we limit each stockholder to one question.
If there are matters of individual concern to a stockholder and not of general concern to all stockholders, or if a question
posed was not otherwise answered, we provide an opportunity for stockholders to contact us separately after the meeting through our Investor Relations website.
We have committed to posting our Q&A on our Investor Relations website as soon as practicable following the conclusion of the Annual Meeting. In addition, although
the webcast is available only to stockholders at the time of the meeting, a replay of the meeting is made publicly available on our Investor Relations site after the meeting concludes.
2
Proxy Statement Summary
This summary highlights certain information contained elsewhere in this proxy statement for the 2020 Annual Meeting of Stockholders (the “Annual Meeting”).
This summary does not contain all the information that you should consider, and you should read the entire proxy statement carefully before voting. References to “PayPal, ” the “Company, ” “we, ” “us, ” or
“our” refer to PayPal Holdings, Inc. 2020 Annual Meeting Information
Time and Date:
8:00 a. Pacific Time on May 21, 2020
Online at. There is no physical location for the Annual Meeting.
March 27, 2020
Proposals to be Voted on and Board Voting Recommendations
Proposal
Recommendation
of the Board
Page
1.
Election of 11 director nominees named in this proxy statement
FOR each of the nominees
10
2.
Advisory vote to approve named executive officer compensation
FOR
44
3.
Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditor for 2020
83
4.
Vote on Stockholder Proposal – Stockholder Right to Act By Written Consent
AGAINST
86
5.
Vote on Stockholder Proposal – Human and Indigenous Peoples’ Rights
88
Who We Are and What We Do
PayPal Holdings, Inc. is a leading technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants
worldwide. We provide safer and simpler ways for businesses of all sizes to accept payments from merchant websites, mobile devices, and applications, and at offline retail locations, through a wide range of payment solutions.
We are committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our goal is to enable our consumers
and merchants to manage and move their money anywhere in the world, anytime, on any platform and using any device. Our combined payment solutions, including our PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products, compose our
proprietary Payments Platform. 2019 Performance Highlights
In 2019, we delivered another year of strong performance. We meaningfully improved and expanded the PayPal platform, strengthened our value proposition for
consumers and merchants, expanded our international scope and scale, and announced transformative, strategic acquisitions, investments, and commercial agreements. We added more than 37 million net new active accounts, and ended the year with
305 million active accounts. Engagement grew to an average of 40. 6 transactions per active account as we extended our platform capabilities around the world, launched innovative strategic relationships with some of the world’s largest
marketplaces and platforms, and deepened our partnerships with financial institutions while continuing to invest in our business. Through our acquisition of a 70%
equity interest in Guofubao Information Technology Co., Ltd. (GoPay), PayPal became the first foreign payments platform to be licensed to provide online payments services in China. We believe that our acquisition of Honey Science Corporation enables
PayPal’s entry into the earliest stages of customers’ commerce experience, enhances our value proposition for both consumers and merchants, and allows us to significantly deepen our engagement and play a more meaningful role in the daily
lives of our customers. The following summarizes our key financial and operational performance results for 2019. We use certain of these key metrics as the
performance measures in our incentive compensation programs and believe these measures help to align the interests of our executives with those of our stockholders.
3
Non-GAAP operating margin and free cash flow are two of the performance metrics
used in our incentive compensation program. Non-GAAP operating margin and free cash flow are not financial measures prepared in accordance with generally accepted accounting principles (“GAAP”). For
information on how we compute these non-GAAP financial measures and a reconciliation to the most directly comparable financial measures prepared in accordance with GAAP, please refer to “Appendix A –
Reconciliation of non-GAAP Financial Measures” in this proxy statement.
Free Cash Flow for 2017 and 2018 reflects the impact of held for sale accounting treatment in connection with the sale of
the Company’s U. consumer credit receivables portfolio, which reduced free cash flow for 2017 by approximately $1. 3 billion and increased free cash flow for 2018 by approximately $1. 4 billion. Normalizing for this impact, free cash
flow for 2017 and 2018 would have been approximately $3. 2 billion and $3. 3 billion, respectively. Highlights:
Our three-year total stockholder return* was 174. 1%, and our one-year total
stockholder return** was 28. 6%.
Our engagement grew 10% year over year to an average of 40. 6 transactions per active account.
Venmo delivered over $102 billion in total payment volume in 2019, and ended the year with over 52 million active
accounts.
We accessed the debt capital markets for the first time and raised $5 billion in debt financing.
We continued to partner with many of the largest and most influential companies in finance, retail, and technology.
*
Measured from December 30, 2016 to December 31, 2019
**
Measured from December 31, 2018 to December 31, 2019
To learn more about our 2019 performance and how it relates to our executive compensation program, see the Compensation Discussion and Analysis beginning on page 46.
4
2020 Director Nominees
NAME/AGE/INDEPENDENCE
DIRECTOR SINCE
OCCUPATION
COMMITTEE MEMBERSHIPS*
OTHER PUBLIC COMPANY
BOARDS
GOV
COMP
ARC
Rodney C. Adkins, 61
Independent
2017
President, 3RAM Group
LLC
◾
Jonathan Christodoro, 43
2015
Partner, Patriot Global Management, L. P.
John J. Donahoe, 59
Independent, Chairman of the Board
President and CEO, Nike,
Inc.
2**
David W. Dorman, 66
Former Chairman and CEO,
AT&T Corporation (retired)
C
Belinda J. Johnson, 53
Former Chief Operating Officer,
Airbnb, Inc.
0
Gail J. McGovern, 68
President and CEO,
American Red Cross
Deborah M. Messemer, 62
2019
Former Managing Partner,
KPMG (retired)
David M. Moffett, 68
Former CEO, Federal Home Loan Mortgage Corp. (retired)
Ann M. Sarnoff, 58
Chair and CEO, Warner
Bros.
Daniel H. Schulman, 62
Non-Independent
President and CEO, PayPal
Holdings, Inc.
Frank D. Yeary, 56
Managing Member, Darwin Capital
Advisors, LLC
ARC = Audit, Risk and Compliance Committee; Comp = Compensation
Committee; Gov = Corporate Governance and Nominating Committee; C = Chair
Mr. Donahoe will step down from the ServiceNow Board of Directors when his term expires at ServiceNow’s 2020
annual meeting of shareholders in June 2020.
5
The Board and the Corporate Governance and Nominating Committee
are committed to ensuring that the Board of Directors of PayPal (the “Board” or the “PayPal Board”) is composed of directors who possess highly relevant skills, professional experience and backgrounds, bring diverse viewpoints
and perspectives, and effectively represent the long-term interests of stockholders. The following provides a snapshot of the skills and experience of our director nominees. For more information on the skills and experiences of our Board members,
please see the section entitled “Director Skills, Expertise, and Attributes” beginning on page 11 of this proxy statement.
NOMINEE SKILLS & EXPERIENCES
7
9
11
Payments, FinancialServices andFinTech
TechnologyandInnovation
BusinessDevelopmentand Strategy
SeniorLeadership
Legal /Regulatory /Governmental
GlobalBusiness
Other PublicCompanyBoardService
Finance /Accounting
Consumer /Sales /Marketing /BrandManagement
Cybersecurity /InformationSecurity
HumanCapitalManagement
Corporate Governance
Corporate governance at PayPal is designed to promote the long-term interests of our stockholders, strengthen Board and management accountability, foster responsible
decision-making, and engender public trust. We believe strong corporate governance practices that provide meaningful rights to our stockholders and ensure Board and management accountability are essential to our long-term success.
The following are the key governance provisions that demonstrate PayPal’s commitment to transparency, accountability, independence, and diversity:
∎
Strong Board independence (10 of 11 director nominees are independent)
Separate Independent Chairman and CEO roles
Independent Chairman with robust responsibilities
All directors stand for annual election
Majority vote standard for uncontested director elections
Strong stockholder engagement practices
Stockholder right to call a special meeting
Proxy access for qualifying stockholders
Simple majority vote standard for charter/bylaw amendments and mergers/business combinations
Robust stock ownership requirements for our executive officers and directors
Diverse board in which 5 of 11 director nominees are women or from underrepresented ethnic groups
Comprehensive Global Impact Report with information on environmental sustainability, social innovation, employees and culture, and responsible business practices
To learn more about our corporate governance programs, see page 28.
Executive Compensation
OUR COMPENSATION PROGRAM We completed another
strong year of Company performance, during which we set new benchmarks and expanded our value proposition for our customers. For 2019, the Compensation Committee of the Board approved an executive compensation program based on our “pay for
performance” philosophy that is designed to align our executive officers’ compensation with the key drivers of profitable short-term and long-term growth with the goals of properly incentivizing and rewarding our executives for performance
that exceeds expectations, providing transparency for our executives and our stockholders, and positioning us competitively to enable us to attract and retain our executives.
OUR 2019 NEO PAY The Compensation Committee
believes that long-term incentives in the form of equity awards should comprise the majority of our NEOs’ target total direct compensation opportunity. We believe that our executive compensation program effectively incentivized results in 2019
by appropriately aligning pay and performance.
6
The following charts show the 2019 Target Total Direct Compensation mix for our CEO,
Mr. Schulman, and the average 2019 Target Total Direct Compensation mix for our other NEOs who were executive officers as of December 31, 2019. Target Total Direct Compensation is the sum of (i) 2019 base salary, (ii) target 2019
annual incentive award (based on the grant date fair value for the portion of the award delivered as PBRSUs), and (iii) target annual long-term incentive award (based on the grant date fair value). To learn more about our executive compensation
program, see the Compensation Discussion and Analysis beginning on page 46.
OUR PAY PRACTICES
We are committed to maintaining strong governance standards with respect to our executive compensation program, policies, and practices. Consistent with this focus, we
maintain the following policies and practices that we believe demonstrate our commitment to executive compensation best practices.
What We Do
Pay for Performance
At least 50% of our NEOs’ Target Total Direct Compensation is performance-based and tied to pre-established performance goals aligned with our
short-term and long-term objectives.
Adherence to Rigorous Goals
We use objective performance-based company goals in our annual and long-term incentive plans that we believe are rigorous and are designed to incentivize and motivate NEO
performance.
Independent Compensation Consultant
The Compensation Committee engages its own independent compensation consultant to advise on executive and non-employee director compensation
matters.
Annual Compensation Peer Group Review
The Compensation Committee, with the assistance of its compensation consultant, reviews the composition of our compensation peer group annually and makes adjustments to the composition of that
peer group, if deemed appropriate based on our executive compensation philosophy and principles.
Annual Say-on-Pay Vote
We conduct an annual advisory say-on-pay vote on our NEO compensation
Stockholder Engagement
In addition to conducting an annual say-on-pay vote, we are committed to ongoing engagement with our
stockholders, including on executive compensation, governance, environmental and social matters. These engagement efforts take place through teleconferences, in-person meetings, and correspondence with our
stockholders.
Annual Compensation Risk Assessment
Based on our annual risk assessment, we have concluded that the Company’s compensation program does not present any risks that is reasonably likely to have a material adverse effect on
PayPal.
Clawback Policy
Each of our NEOs is subject to a clawback policy, which permits the Compensation Committee to require forfeiture or reimbursement of incentive compensation paid or awarded to the NEO in
certain circumstances.
Robust Stock Ownership Guidelines
Our stock ownership guidelines are designed to align the long-term interests of our NEOs and non-employee directors with those of our stockholders and
promote the Company’s commitment to sound corporate governance. Our guidelines require ownership of our shares with a value equal to a multiple of base salary (6x for CEO and 3x for EVPs) or annual retainer (5x for non-employee directors) and include stock retention requirements for our executive officers until their requisite ownership level is reached.
Prohibition of Hedging and Pledging Transactions
Our insider trading policy prohibits all Board members, officers, and employees from entering into any hedging or monetization transactions relating to our securities that hedge or offset, or
is designed to hedge or offset, any decrease in the market value of PayPal securities owned directly or indirectly by such person. Additionally, Board members, officers and employees are prohibited from using PayPal derivative se
PayPal Holdings, Inc. – Financials – Annual Reports
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Connect private proxies for PayPal to your computer to use this payment system without restrictions and risk of blocking. With their help, you can freely log in to the purchased accounts and use them for your own purposes.
High-end proxies for PayPal can be purchased at You-Proxy. Our experienced consultants will help you choose the best proxy servers that are ideally suited to solve your problems. Each purchased server can be tested without any risks before long-term use.
Why you should buy a proxy for PayPal at You-Proxy
So that you do not have problems with access to the PayPal payment system, it is important to purchase private proxy servers that can completely hide the actual IP of the computer. There are a number of reasons why customers from all over the world choose reliable proxies from You-Proxy to solve this problem:
reasonable prices;
discounts to wholesale customers and regular customers;
all popular protocols: SOCKS, HTTP, HTTPS;
technical support of users 24/7;
the ability to replace the proxy or return the money during the test period;
quick connection – speed up to 1 Gb/s;
compatibility with all online services and programs with Internet access;
uninterrupted operation – uptime up to 99%.
Benefits of private proxies for PayPal
Using proxies, you will see a large number of features that were not previously available:
Anonymity when using the Internet by hiding the actual IP address of the computer.
The ability to manage an unlimited number of accounts in PayPal without risk of blocking.
Change of geolocation, regardless of your actual location.
Bypassing locks when visiting inaccessible sites.
Automation of the same type of online processes due to the secure connection of special software.
Buy private proxies for PayPal at You-Proxy. You can do this on our website around the clock. We will give you access to the selected proxies 5 minutes after payment is received.
