Create a web application like PayPal

Hello. Thank you so much considering this question.
I was just wondering, how does one develop a web application like PayPal?
What are the steps?
I am thinking about hiring some developers. How many developers should I hire, and about how long will it take?
Thank you so much

Before you hire any developers ... you need to sit down with your banker, your accountant, and your attorney and figure out whether your efforts will be wasted. There are a lot of international, federal, and other regulations, including PCI. In fact if you don't know what PCI is ... you need to deal with that before anything else.
That said ... I would approach this from the standpoint of first hiring an architect who has a complete understanding of PCI and have that person put together the blueprint. Then my preference is use the smallest team of the highest caliber. One good Oracle developer, one charging $150K/year is worth more then 6 to 10 you can hire for $60K. The same rule holds true for Java, .NET, etc.
So were I to set out to compete with PayPal ... I'd think in terms of hiring 6-7 people ... and I'd expect that if I had the right people ... 6 months and $1.5M. Plus extra for testers, etc.

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