PayPal Again Nominated For Webby Awards
Winner of 2000 "People's Voice" Award for Best Finance Site Named to Finance and Services Categories This Year
Palo Alto, CA - Tuesday, May 15, 2001 - PayPal (www.paypal.com), the leading online payment service, has been nominated for the Webby Awards, which honor the best sites on the Internet, for the second year in a row. The company, which operates the Internet's first and largest Web-based payments network through its highly trafficked website PayPal.com, was the winner of last year's People's Voice Webby Award in the Finance category.
Widely hailed as the "Oscars of the Internet," the Webby Awards present five nominees in each of 27 categories, such as news, politics, film and activism. PayPal is nominated in the best Finance and best Services categories, and has been nominated for the prestigious awards each year since the company made the service available in late 1999.
With nearly eight million registered users and growing, PayPal is the leading online payments provider serving consumers, online auction sellers and small business e-commerce sites. It is the preferred payment service for online auctions, used to settle more than 1 in 4 eBay ™ auctions. PayPal allows people and businesses to send and receive money instantly and securely over the Internet, funded from credit cards or bank accounts.
The winners of the fifth annual Webby Awards will be announced July 18 at a ceremony in San Francisco and will be chosen by the 350-member International Academy of Digital Arts and Sciences, which includes such luminaries as filmmaker Francis Ford Coppola, tech guru Esther Dyson, Oracle chairman Larry Ellison, and Miramax Talk Media chairman Tina Brown.
This year's nominees are listed online and fans can cast ballots to express the "People's Voice" in each category at www.webbyawards.com. The voting process is audited by accounting firm PricewaterhouseCoopers.
Other awards won by PayPal can be viewed at http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/awards-outside.
About PayPal
PayPal is the instant and secure online payment service that allows people and businesses to send and receive money by e-mail from bank accounts or credit cards. With nearly 8 million members and growing, PayPal is the world's first and largest Internet-based payment service, and the #1 financial site on the Internet*. PayPal is the preferred payment service for online auctions, online community and group Websites, and is seeing tremendous growth in e-commerce transactions for small businesses. PayPal members send approximately $8 million in more than 160,000 payments each day. Free to consumers, PayPal can be used from PCs or web-enabled mobile phones. Business users pay transaction fees to receive payments through PayPal.
PayPal is a privately held company headquartered in Palo Alto, California, and was recently named one of the Top 25 New Companies by Fortune Small Business. The PayPal Website has been cited as among the ``Best of the Web'' by Forbes, Time, PC Magazine and U.S. News & World Report. For more information, please visit http://www.paypal.com.
(* according to research by PC Data Online.)
About the International Academy of Digital Arts and Sciences
The International Academy of Digital Arts and Sciences is dedicated to the creative, technical, and professional progress of the Internet and evolving forms of interactive media. The Academy's goal is to assemble a brilliant panel of leading new media experts, visionaries, journalists, and luminaries to propel the Internet and Interactive Technology into the future. The Academy is an intellectually diverse organization that includes over 350 members such as film director Francis Ford Coppola, musician Bjork, Chairman of Miramax Talk Media Tina Brown, cyberguru Esther Dyson, creator of ``The Simpsons'' Matt Groening, Public Radio International Personality Ira Glass, and Oracle Chairman Larry Ellison. Members also include writers and editors from publications such as The New York Times, Wired, Forbes, Details, Fast Company, Elle, The Los Angeles Times, Vibe, and WallPaper. For more information, visit http://www.iadas.net/.