PayPal
PayPal: Online Payment System
PayPal is an online payments system that allows users to transfer funds electronically between parties. It offers services for individuals and businesses to send, receive, and hold funds in multiple currencies worldwide.
What is PayPal?
PayPal is an online payments system and financial services provider based in San Jose, California. It allows users to transfer funds electronically between parties and offers online payment solutions for individuals and businesses worldwide. PayPal enables users to send, receive, and hold funds in 26 currencies to over 200 markets using their PayPal account.
For individuals, PayPal allows easy and secure online money transfers. You can connect your credit card or bank account to your PayPal account and then use it to send money to or receive money from others with just an email address or mobile phone number. You can also hold a PayPal account balance to use for future payments.
For businesses, PayPal helps accept payments online and in-store. Online, businesses can use PayPal payment buttons on their website or invoices to get paid quickly and easily. In retail stores, PayPal Here allows businesses to accept credit card and contactless payments in-person using a chip card reader and mobile app. Additional services like invoicing and commerce solutions optimize business processes.
Some key benefits of using PayPal include: ease of use, speed, lower fees compared to credit card processing, purchase protection for buyers and sellers, optional buyer credit financing, and widespread adoption making it convenient for sending/receiving money. Overall, it is considered one of the largest online payment processors and a convenient option for online transactions.
PayPal Features
Features
- Online payments processing
- Money transfers between parties
- Ability to hold funds in multiple currencies
- Secure and encrypted transactions
- Mobile app for on-the-go payments
- Invoicing and payment acceptance for businesses
- Buyer and seller protection programs
Pricing
- Freemium
- Pay-As-You-Go
Pros
Cons
Official Links
Reviews & Ratings
Login to Review24 reviews
Rating Breakdown
Recent Reviews
Riley Jackson
Jun 02, 2026Frustrating Holds and Poor Support
I've used PayPal for years, but my recent experience has been terrible. A large payment I received was put on a 21-day hold with no clear explanation, crippling my cash flow. When I contacted support, I got generic, unhelpful responses, …
Michael Young
May 30, 2026Effortless Global Payments and Peace of Mind
PayPal has been my go-to for online payments for years, and it just keeps getting better. I love how seamlessly it integrates with most online stores and marketplaces, making checkout a breeze without constantly pulling out my card. The buyer …
Marcus Chen
May 30, 2026Reliable, but frustratingly opaque
For sending and receiving money online, PayPal is almost essential and works flawlessly 95% of the time. However, when there's an issue—like a payment hold or account limitation—their automated support system is incredibly difficult to navigate, and getting a clear, …
Cameron Wright
May 24, 2026Convenient but Frustrating
It's incredibly easy to send and receive money from almost anyone around the world, which is its main strength. However, their overly aggressive automated fraud detection frequently freezes accounts for minor reasons, and trying to get a human from customer …
Alex Wright
May 19, 2026Indispensable for Online Transactions
PayPal has been my go-to for sending money and online shopping for years. It's incredibly easy to link my bank account and pay with just an email address, which feels much safer than entering card details everywhere. The ability to …
Rating Distribution
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