What services does PayPal offer?

PayPal offers online payment services for both individuals and businesses, including checkout at online stores, sending and requesting money, a digital wallet, payment acceptance, invoicing and cross-border payment processing.

PayPal is a digital payments platform for sending, receiving and managing money online. Its services fall into two groups, one for personal users and one for merchants. A short PayPal overview helps in choosing between a personal account and a business account.

• Online checkout: Personal users can pay at millions of online stores around the world without entering their card or bank details for every purchase. Purchases can also be tracked from the account.
• Send and request money: Money can be sent to or requested from friends and family, at home or abroad, using their email address or mobile number.
• Digital wallet: Debit cards, credit cards and bank accounts can be linked and stored together in one encrypted account.

For businesses, PayPal provides tools to take payments from customers in different countries.

• Payment acceptance: Merchants can add PayPal checkout buttons or a payment gateway to an e-commerce website.
• Invoicing: Freelancers and small businesses can create digital invoices and send them to clients.
• Global payment processing: Businesses can accept payments from other countries, with currency handling and merchant protection tools included.
• Enterprise payments: The PayPal Business range in the US also lists payment services for large enterprises.

PayPal's US site also mentions a PayPal Cashback Mastercard among its consumer products. The services on offer can differ by country, so check the PayPal site for your region before opening an account.