PayPal is an online payment system that allows users to send and receive money securely through online money transfers. It was founded in 1998 and has since become a dominant player in the digital payment scene, with over 360 million active users in more than 200 countries. PayPal users can link their bank account, credit card, or debit card to their account and use it to make purchases online or in-store. PayPal also offers credit and debit cards branded with the PayPal name, credit options, and lines of credit. Some key features of PayPal include:
- Secure payments: PayPal allows users to securely pay just about anyone, anywhere in the world.
- Easy to use: Users can sign up, link their cards and banks, and start sending and spending money without having to enter their card info and shipping details every time.
- Multiple payment options: PayPal users can store all their preferred ways to pay, from debit and credit cards to their bank to their PayPal balance.
- Split payments: Users can split nearly any purchase into 4 interest-free payments or pay in monthly installments.
- Cash back and rewards: PayPal offers cash back and rewards on eligible purchases when users shop with PayPal.
- Charitable giving: PayPal covers the transaction fees for qualifying charities when users give in the app or website.
- Seller tools: Users who sell items in marketplaces or social media can get paid like a pro with their PayPal Personal account.
Overall, PayPal is a convenient and secure way to send and receive money online.
