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What is PayPal?

PayPal is an online payment system that makes paying for things online and sending and receiving money safe and secure.PayPal was one of the original web payments companies purchased by eBay in 2002. In 2015, PayPal was spun off from eBay and today remains a separate, publicly traded company. PayPal is free to set up and easy to link to a bank account, debit card, or credit card in order to send money to others. PayPal allows its users to easily send money to friends, family, business associates, and more. In order to start sending and transferring money via PayPal, you will first need to set up an account. Setting up an account with PayPal is free and only requires an email address and some basic information.

How does PayPal payment work?

  • Once your account is set up, you’ll need to link it to a credit or debit card, or a bank account.
  • To make a payment to another PayPal account holder, you’ll then simply need to enter their email or phone number and confirm the payment details.
  • Choose the payment method you want to use — your debit card for example — and PayPal can pull the money from your account and deposit it in the recipient’s PayPal account, often instantly.

Why use PayPal?

  • Secure transactions

When you use your debit or credit card to pay for things online, merchants can sometimes access your payment information. PayPal provides an extra layer of protection by ensuring that merchants never see your sensitive information.PayPal frees you from cybersecurity worries through its centralised system and keeps all the valuable bank information private by encrypting that information. This eliminates the threat of hacking and data attacks and preserves your customers’ valuable information.

  • Facilitates Online And On-Site Sales

PayPal is the ultimate payment processing solution for your online and in-person sales.PayPal is now the fifth most accepted payment option after Visa, Mastercard, American Express, and Discover and is available at millions of stores online. The flexibility of PayPal is one of its unique selling points. In addition, it is reasonably easy to integrate with your store’s website and takes only a few minutes to configure. PayPal has various point of sale (POS) systems for your in-person sales, and you can quickly receive payments through ERPLY, Brightpearl, and Vendor Touchpoint. PayPal chip card reader works well with all these and also enables contactless payments from Google Pay and Apple Pay.

  • Cost

Creating a PayPal account is free, and online purchases and most personal transactions are also free. While international transactions have some additional costs, the US-based transaction fee is kept at a minimum. PayPal has annual membership fees, no processing fees, and no service charges. Shoppers using PayPal get all the powerful advantages associated with the service and do not have to pay one dime.

  • Discounts

PayPal sponsors special discounts for customers who shop with PayPal at selected retailers of Shopping. offers some of the latest discounts from many large retailers that can, including HP, Nike, and many others. In order to benefit from the discounts, all the user has to do is copy the promo code off PayPal’s shopping page and paste it at the merchant’s site when paying with PayPal.

  • Multiple Payment Options

PayPal allows customers to add multiple cards or bank accounts and withdraw money as they wish. Therefore, the user can rest assured that the transaction will always go throw smoothly, taking away any hassle.


PayPal is one of the largest online and peer-to-peer payment processors. It is accepted for purchase on many Internet sites and is commonly accepted in physical stores. As many financial transactions shift online, it might be worth opening a PayPal account if only for the sake of convenience. If you are looking for more information about PayPal, feel free to contact us

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