Why PayPal is used
PayPal is used to pay and get paid online securely, letting buyers check out with merchants without giving their card or bank details to each seller.
In a short PayPal overview, the service acts as a payment platform that sits between individuals and businesses to handle transactions. Opening an account and downloading the app are free.
- Security: Your bank account and card numbers stay with the platform instead of being shared with unfamiliar online stores.
- Speed at checkout: Payment details are entered once, and later purchases can be completed by logging in with your email and password.
- Buyer protection: Qualifying purchases can be disputed if an item never arrives or turns out to come from a fraudulent listing.
- Wide acceptance: Millions of online shops and merchants around the world offer it as a checkout option.
- Automatic payments: An account can be used to set up automatic payments to merchants.
- Free domestic transfers: Consumers pay no added fee when sending money or shopping at home in their local currency.
Fees can differ for international transactions and for business use, so check the charges that apply to your country and account type before relying on it for those payments.