PayPal

• PayPal Credit

PayPal is a payment platform that is widely used for online purchases and is particularly beneficial for those who shop online frequently. The PayPal app is designed to be user-friendly and provides an easy-to-use platform for users to make and receive payments, whether to a friend, business, or an online purchase. PayPal is free to download and there are no additional fees when using the service for online payments. However, when using a credit card to pay someone, there is a 2.9% processing fee and for same-day Instant transfers, a 1% surcharge up to $10 is applicable. When creating a PayPal account, the user must first confirm their mobile phone number and then link a credit card and/or debit card. In some cases, a small test charge is required to confirm the card. U.S. users also have the option to link a bank account in order to avoid any fees. The PayPal app is straightforward and easy to navigate when it comes to making payments. Users can search through their contacts or enter a name manually, and then select the amount they wish to send or request. An optional note can be added to the payment. The app also offers the PayPal Key, which is a virtual credit card number that can be used to make payments on websites that do not accept PayPal. It is protected by two-factor authentication. Finally, PayPal also offers an in-store purchasing option, which works through QR codes. This feature allows small businesses to easily accept payments in-store. Earlier this year, PayPal signed a partnership with CVS to roll out its QR Code payment technology in all CVS locations. Overall, PayPal is an excellent platform for making and requesting payments. It is widely accepted, secure, and offers a range of features that makes it a great choice for online purchases and P2P payments.