Benefits of using the PayPal official website include the ability to send money to both private parties and businesses while keeping credit card information secure. Once enrolled in the service, customers can send and receive funds using only their email addresses, reducing privacy risks and potential for theft.Continue Reading
Customers using PayPal have greater flexibility in their payment options. The online payment system allows those enrolled to use multiple bank accounts, credit cards and debit cards to transfer funds, and PayPal pulls these funds from the source that customers specify at the time of payment.
Funds transferred via PayPal arrive in the recipients' accounts instantly. Money can be sent to friends and family as a gift transaction, which doesn't incur any fees for either senders or recipients for U.S. based transfers from PayPal balances. Funds sent as payments for goods or services incur only a small fee paid for by the recipients.
The PayPal mobile app for Apple and Android allows customers to make on-the-go payments. Using this app allows account holders to track balances and transactions from anywhere with an Internet connection, and businesses can use a mobile credit and debit card scanner that plugs in to smartphones and tablets to accept payment at remote locations.Learn more about Personal Banking