PayPal is an online payment system that allows you to send and receive money around the world. It works as an intermediary between you and a bank, and you can link your bank account, credit card, or debit card to your PayPal digital wallet. Once you have set up your account and linked your preferred payment method, you can use PayPal to pay for things online or in person. PayPal is considered a very secure method of sending payments online. Some key features of PayPal include:
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Buyer Protection: If an eligible item that you’ve bought online doesn’t arrive, or doesn’t match the seller’s description, PayPals Buyer Protection will reimburse you for the full amount of the item plus postage and packaging costs.
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Zero Balance Shopping: You dont need to worry about keeping a balance in your PayPal account. Instead, you can link your preferred credit card and pay instantly without having to enter your card details again.
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Access to Credit Options: PayPal offers credit options that allow you to split up your payments over time, matched to your needs.
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Global Reach: PayPal has upwards of 360 million active users in more than 200 countries and facilitates billions of payment transactions.
To use PayPal, you need to create an account and link your preferred payment method. Once you have done this, you can use PayPal to pay for things online or in person, and you can also send and receive money securely.