PayPal made a significant announcement in 2020, stating their commitment to provide $535 million in grants and funds to support Black-owned businesses and community organizations. The company planned to allocate $15 million of this amount specifically for grants to 1,400 Black-owned businesses, while $100 million would go to venture funds led by Black and Latinx founders. PayPal also planned to provide $200 million to community banks and credit unions.
PayPal does not discriminate based on race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual’s status in any group or class protected by applicable laws. PayPal encourages applications from minorities, women, the disabled, protected veterans, and all other qualified applicants.