PayPal offers diverse financial services ranging from transfers, and purchases, to crypto investments. Its dominance in the e-commerce realm stems from how widely it has been adopted since its inception. People trust PayPal, and merchants prefer it! As of Q4 of 2021, it boasts of over 400 million active users, from which above 28 million were merchants’.
According to the latest statistics found on the web, PayPal is said to be facilitating up to $2.5 billion in payments daily as more than 1.5 million websites use it.
A giant in its own right; this online payment processor supports 25 currencies and is widely used in more than 200 countries. This online platform offers financial service that eases and secures everyday cash flow.
You can shop online, send and receive payments, use PayPal credit, and also trade crypto on your account. Link your bank, debit card, or credit card as funding source alternatives. You can select the one you want to be debited upon checkout, or use a default choice by setting your preferred payment method.
Send money to friends and family in a jiffy with little or no charge fee. You can pay for goods/services online with PayPal, provided that the sites have it integrated as their payment option. Also, you may want to get paid as a merchant or seller. In either case, this online platform acts as a middleman so that the transaction is run as safely and smoothly as possible.
PayPal buyers’ protection feature enables a buyer to be refunded if an item isn’t shipped or as described. In any event a seller chooses to outplay their buyer by asking for a refund after they have received an item, this gigantic payment gateway investigates and settles the dispute accordingly. If an item is in good shape as opposed to a buyer’s claim for refund, PayPal comes to the rescue.
It uses end to end data encryption, biometrics, email verification amongst other features to ensure an extra layer of security. You can login to your PayPal account to adjust settings to your preference.
Unlike shopping on stores that require your card details at every point, being at risk of leaked information, PayPal requires only your login and password or mobile number and PIN to check out. This ensures that your information isn’t open to or shared with the merchant.
PayPal One Touch
The One Touch feature allows you to keep your PayPal account logged in on a specific device. This way, you will be able to checkout from any online store without having to reenter your login details repeatedly.
This is a revolving credit program that helps users get items they want, and pay over time.
The PayPal Credit is usually mistaken for a credit card. Rather, it’s a virtual credit card that can be used directly from your account when shopping on sites that accept PayPal.
It uses a variable APR, but also gives the chills of 0% interest rate on every $99+ purchases for 4 months. This means that you pay the actual sale price if you pay back within that timeframe.
PayPal Wallet | Buy, Sell & Hold Crypto
This allows verified accounts in select regions be able to buy, hold, and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin, and BitcoinCash on their accounts. Since crypto market is highly volatile, it offers users access to crypto related content. These help users get equipped and better heighten their understanding of the market.
Recently, the platform announced that it has added options that will enable select U.S. users to transfer supported crypto assets into, within and outside of their accounts. These users will be able to send crypto in a timely manner. Transactions will be run with zero fee or network charges to send or receive.
The giant payment processor, in its newsroom, further states that:
“customers who transfer their crypto into PayPal can extend the utility of their crypto by spending using Checkout product at millions of merchants.”
Let’s just hope that this updated feature soon spreads to all its eligible U.S. customers, and possibly other supported countries.
PayPal Sign Up – Swift & Secured Payment System
- You can create PayPal account for free by visiting the official site PayPal.com
- Alternatively, download the PayPal app from App Store or Google Play.
- Tap the Sign Up button. You will be required to select your preferred account type: PayPal business account or personal account.
- Note that you will have to run a series of verification to be able to access unlimited features.
While you are set, you may also get familiar with fees on the common transactions run on the platform.