FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Karbowski Jeffrey William 2. Date of Event Requiring Statement (MM/DD/YYYY)
7/31/2020 

3. Issuer Name and Ticker or Trading Symbol PayPal Holdings, Inc. [PYPL]
(Last)       (First)       (Middle)
C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
VP, Chief Accounting Officer /
(Street)
SAN JOSE, CA 95131      
(City)             (State)             (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock  5102  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units -1   (1)  (2) Common Stock  390   (3) D   
Restricted Stock Units -2   (1)  (2) Common Stock  1257   (3) D   
Restricted Stock Units -3   (1)  (2) Common Stock  2255   (3) D   
Restricted Stock Units -4   (1)  (2) Common Stock  1074   (3) D   
Restricted Stock Units -5   (1)  (2) Common Stock  3664   (3) D   
Restricted Stock Units -6   (1)  (2) Common Stock  3203   (3) D   

Explanation of Responses:
(1)  The reporting person received a restricted stock unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the restricted stock unit, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
(2)  Not applicable.
(3)  Each restricted stock unit represents a contingent right to receive one share of PayPal's common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Karbowski Jeffrey William
C/O PAYPAL HOLDINGS, INC.
2211 NORTH FIRST STREET
SAN JOSE, CA 95131


VP, Chief Accounting Officer

Signatures
By: Jacqueline Katzel For: Jeffrey Karbowski 8/3/2020
**Signature of Reporting Person Date
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