PayPal
Pay per useGlobal online payment system supporting online money transfers and payments.
What does this tool do?
PayPal is a comprehensive digital payment platform that enables users to send, receive, and manage money through multiple financial services. Beyond traditional online payments, the platform has expanded to offer a robust ecosystem of financial tools including a debit card, buy-now-pay-later options, crypto trading, and a high-yield savings account. The service combines personal and business payment solutions with advanced features like instant money transfers, cash back rewards, and flexible payment structures.
AI analysis from Feb 17, 2026
Key Features
- Pay in 4 interest-free installment payments
- 3.50% APY savings account
- Cryptocurrency buying and selling
- PayPal Cashback Mastercard
- Instant money transfers
- Bill splitting and money pooling
Use Cases
- 1Online shopping with buyer protection
- 2Sending money to friends and family internationally
- 3Small business payment processing
- 4Making installment purchases with Pay in 4
- 5Cryptocurrency trading and investment
Pros & Cons
Advantages
- Wide global acceptance across millions of merchants
- Strong security and encryption protocols
- Multiple payment and financing options
- Free to create and use basic account
Limitations
- Transaction fees for certain types of transfers
- Limited cryptocurrency withdrawal options
- Higher fees for international transactions
- Customer support can be challenging for complex issues
Pricing Details
Basic account is free. Transaction fees vary: 2.9% + $0.30 per online transaction, international transfer fees around 5%, cryptocurrency trading with spread-based pricing.
Who is this for?
Individual consumers, small to medium businesses, online shoppers, freelancers, and international money transfer users