Is PayPal ethical?

What Choice found

Choice can get this wrong — tell us if something's off.

1–4 of 4

Community investment Confirmed

PayPal announces $530 million for Black businesses

PayPal announces a $530 million commitment to support Black businesses and strengthen minority communities.

2 sourcesRead sources
sponsored.bloomberg.com
In June 2020, as the country grappled with the civil unrest that followed the death of George Floyd, Breonna Taylor and others, PayPal CEO Dan Schulman said that the company wouldn’t simply condemn racism, but would also take steps in the fight for racial equality, including a $535 million commitment to help Black- and minority-owned businesses and communities.
justice.gov
See Press Release: PayPal Announces $530 Million Commitment to Support Black Businesses, Strengthen Minority Communities and Fight Economic Inequality - Jun 11, 2020.

Community investment Confirmed

PayPal grants $250,000 to Los Angeles food bank

PayPal granted $250,000 to the Los Angeles Regional Food Bank via its Corporate Advised Fund in response to wildfires.

1 sourceRead sources
insidephilanthropy.com
Its 2024 annual report says it developed a rapid-response toolkit for PayPal and describes a $250,000 grant to the Los Angeles Regional Food Bank from PayPal’s Corporate Advised Fund, which PPGF accelerated in response to Los Angeles-area wildfires.

Labor & working conditions Confirmed

PayPal raised the wages of its hourly and entry-level employees

PayPal Grew Its Profits 28 Percent–by Raising Workers’ Wages.

1 sourceRead sources
inc.com
PayPal Grew Its Profits 28 Percent–by Raising Workers’ Wages

Community investment Confirmed

PayPal donated to North Carolina Disaster Relief Fund

PayPal provided a donation to the North Carolina Disaster Relief Fund to support recovery efforts after Hurricane Helene.

1 sourceRead sources
sec.gov
In October 2024, PayPal provided a donation to the North Carolina Disaster Relief Fund to support recovery efforts in North Carolina after Hurricane Helene.