PayPal
Send, receive, and manage money online with one of the world's most widely accepted digital wallets.
About PayPal
PayPal is a global online payments platform that lets individuals and businesses send and receive money, shop online, and accept payments without sharing financial details. It supports peer-to-peer transfers, online checkout, invoicing, and business payment processing across more than 200 markets and dozens of currencies.
Pros & Cons
Pros
- Accepted by millions of merchants and recognized worldwide as a trusted checkout option
- Fast and easy to set up with no monthly fees for standard accounts
- Strong buyer and seller protection on eligible transactions
- Supports peer-to-peer transfers, online checkout, invoicing, and business processing in one platform
- Broad multi-currency and international reach across 200+ markets
Cons
- Transaction fees are relatively high compared to some dedicated payment processors
- Accounts can be frozen or funds held with limited recourse during disputes
- Currency conversion rates include a markup
- Customer support can be slow to resolve account or dispute issues
Key Features
Digital Wallet
Store payment methods securely and pay online or in stores without re-entering card details.
Send & Request Money
Transfer money to friends, family, or businesses and request payments via email or phone number.
Online Checkout
One-touch checkout button accepted by millions of online merchants worldwide.
Payment Processing
Accept credit cards, debit cards, and PayPal payments on your website or in person.
Invoicing
Create and send professional invoices with built-in payment links and tracking.
Buyer & Seller Protection
Coverage on eligible transactions if an item does not arrive or is significantly not as described.
Multi-Currency Support
Hold, send, and receive funds in dozens of currencies across 200+ markets.
PayPal Credit & Pay Later
Offer customers installment and buy-now-pay-later financing options at checkout.
Pricing
- Free to open an account
- Free to send to friends and family via linked bank balance (domestic)
- Online shopping and checkout
- Buyer protection on eligible purchases
- Accept online and in-person payments
- Invoicing and recurring billing
- Seller protection on eligible sales
- Reporting and developer APIs
- Pay Later financing options for customers
Best For
Online Shopping
Check out securely on e-commerce sites without sharing card details with each merchant.
Splitting Costs with Friends
Send and request money for shared expenses, rent, or group purchases.
Small Business Payments
Accept card and PayPal payments online or in person and send invoices to clients.
Freelancer Invoicing
Bill international clients and get paid in multiple currencies with built-in payment links.
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