PayPal is an American company operating online that facilitates payments between parties through online transfers and acts as an electronic alternative to paper methods.

PayPal lets its customers establish an account on its platform, which is connected to that customer’s credit card or checking account.

The company also operates as a payment processor for online vendors, auction sites, and so on.

To be able to make transactions through PayPal you will be charged with a fee in exchange for benefits such as one-click transactions and password memory.