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What is PayPal and How Does it Work?

Enja Matthee avatar
Written by Enja Matthee
Updated today

PayPal is a secure online payment system that allows you to send and receive money using just an email address. It works as an online wallet, enabling quick and safe money transfers without directly sharing your bank or credit card details with merchants or recipients.

How to Use PayPal:

  1. Create an Account: Sign up on paypal.com using your email address.

  2. Link a Payment Method: Connect your bank account, debit card, or credit card to your PayPal account.

  3. Send or Receive Payments: Easily transfer or receive payments instantly from other PayPal users.

  4. Withdraw Funds: You can transfer your PayPal balance directly to your linked bank account whenever you choose.

PayPal is widely accepted, convenient, and secure, making it a popular choice for online transactions worldwide.

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