What is PayPal and how does it work?
PayPal is a user-friendly payments program with a diverse set of capabilities. PayPal allows you to send money to friends and family as well as pay for goods and services. After you’ve created an account, you may manage your transactions using the app or a web browser.
Anyone with a PayPal account may send, receive, and request money from you. You will need any of the following information:
• Cell phone number
• An email address
• PayPal.Me hyperlink (your personal payment link)
• Personal QR code
The PayPal.Me link and QR capability reduce the possibility of someone entering your information incorrectly because they only need to click or scan.
You may also use the PayPal app to track your spending and divide expenses with others. This program is suitable for both personal and professional usage.
Discover amazing features with PayPal
*NEW* GET DEALS DIRECTLY IN THE APP
• Get personalized discounts straight in the PayPal app.
• Get money back when you shop using the app.
• Increase your chances of rewards. Earn them through merchants, credit cards, and PayPal.All rewards programs are subject to the terms and conditions that apply to them.
PAY IN 4 TIMES WITH PAYPAL
• Buy now and pay later by dividing your purchase into four interest-free payments with no late fees from millions of online stores.
• Simply pick PayPal at checkout and then ‘Pay Later,’ where you will see ‘Pay in 4’ as a payment option.
• Pay the down payment immediately and the remainder in three installments, one every two weeks.
• Managing payments is simple with the PayPal app and on PayPal.com.
Loans to California citizens are made or arranged under the auspices of a California Finance Lenders Law License. PayPal, Inc., NMLS #910457, is a Georgia Installment Lender Licensee. More information is available at paypal.com/payin4.
CRYPTOCURRENCY
• Using the PayPal app, you may buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
• You may now pay using cryptocurrency when you use PayPal at millions of online retailers.
Account with PayPal Balance is needed. Terms apply. Only accessible in the United States, with availability limited to particular states. Buying and selling bitcoin carries a variety of risks that can result in large losses. On your taxes, you must disclose any gains or losses on crypto sales, including when you pay with bitcoin.
MONEY IS SENT AND REQUESTED FOR FREE
• Sending or receiving money from friends and relatives in the US is free and safe whether paid by a bank account or your PayPal balance.
• Simply enter a name, email address, or phone number, and PayPal will discover the appropriate individual if they have an account.
• Request money from friends and family fast and securely, and customize your payments with stickers, animations, emoticons, and other features.
RECEIVE SPEND NOTIFICATIONS
• Never miss a payment or send or receive money again thanks to push notifications.
• Log in to check all of your recent PayPal activity.
NETWORK OF GENEROSITY
• Fundraise with millions of other PayPal users by creating, sharing, and donating to fundraisers.
• Donate to charity directly from the app to help a cause that is important to you. You may even choose a charity and give at the checkout.
Personal and company fundraisers on the Generosity Network can raise up to 20,000.00 USD in 30 days. You are only allowed to operate one Generosity Network fundraiser at a time. There is no limit to the number of fundraisers you may conduct to benefit charity at the same time.
TRUST PAYPAL’S SECURE TRANSACTIONS
• With commercially available encryption and comprehensive fraud prevention, you can be confident that PayPal will help keep your financial information secure. All of this, in addition to 24 hour fraud monitoring of transactions.
A TOUCH-FREE METHOD OF PAYING OR BEING PAID
• Scan a QR code to pay without touching anything. When you pay, all you have to do is scan the QR code of the seller.
• Whatever you’re selling, you can now instantly create a QR code and be paid in person using only your phone.
Some features may not be accessible in your market. It’s worth mentioning that certain PayPal services will incur costs.
