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Does PayPal have a wallet

Yes, PayPal has a wallet: a PayPal account works as a digital wallet that stores your payment methods and lets you pay without entering card details each time.

A digital wallet is an online tool that keeps payment information such as credit cards, debit cards and bank account details in one secure place, so purchases can be made without retyping card numbers.

Inside a PayPal account, the wallet features cover several functions.

  • Linked payment methods: You can connect a bank account, debit cards and credit cards to your account.
  • Account balance: Money can be held as a balance in the account and used for purchases or transfers.
  • Checkout: When you pay online or in stores, you use your PayPal login rather than handing your card details to the merchant.
  • My Wallet section: The part of the account where you add or remove funding sources is called My Wallet.

PayPal counts as both an internet-based and a device-based digital wallet, since it can be used on the web and on a phone or other device. To manage what is stored, open the My Wallet area of your account and add or remove cards and bank accounts there.

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