PayPal Review – Payment Processor, Digital Wallet and Money Management

In this PayPal review, you'll find more information about its features, pricing, pros and cons and why you should consider using it.
9.2/10 (Expert Score)
Product is rated as #2 in category Payment Gateway
9.2Expert Score
Securely accept payments online with ease – use PayPal

PayPal is an online payment system that allows you to securely send and receive money. It’s a fast, easy, and convenient way to pay for goods and services online, as well as to send and receive money from friends and family. It offers buyer and seller protection and can be used worldwide.

Customer support
Value for money
Ease of use
  • Consumers' reliance on email and chat support
  • User interface with ease of use
  • Multiple cost levels are offered, which is beneficial for low-volume merchants
  • Numerous integrations
  • Financial stability issues
  • Extra cost for options like credit card

If you have ever done any kind of shopping online, it is quite probable that you are familiar with PayPal as a form of online payment. If you are a customer, you will value the convenience of this method of payment because it is so straightforward. However, as the owner of a company, you need to take into account a great deal more when considering the benefits and drawbacks of PayPal, such as how it compares to alternative platforms for the processing of payments. 

Read this review to find out whether or not you or your company might benefit from using PayPal to process online payments using new features and different options like a credit card, debit card, visa card, etc.

Click on “open” if you want to see exactly what we will talk about in the rest of this article.


What is PayPal?

PayPal is a convenient payment app with a variety of handy features. You may quickly and conveniently pay for goods and services and transfer money to loved ones with PayPal. After opening an account, you may manage your finances using either the app or a web browser. Using PayPal’s mobile app, you can track your spending and split the bill with your friends. This curriculum is flexible enough to be utilized in both your professional and personal life. It is crucial to understand that there are fees connected with using some PayPal functions.

PayPal is likely best known as a digital wallet for consumers, but it also supplies merchants with a sophisticated suite of technology that enables them to sell anywhere, at any time, and without incurring monthly fees or commitments and also provides decent customer service and customer support. With the abundance of available interfaces, connecting PayPal with your online shopping cart, accounting system, or shipping software is a breeze.

PayPal has developed a mobile point-of-sale application called PayPal Zettle. In other words, if you are reading this, you can take PayPal account payments without a doubt. However, not all PayPal functions are available everywhere. In particular, PayPal Payments Pro is only available in the United States, the United Kingdom, and Canada.

PayPal specifications

FeaturesMultinational Transmission of Money / PayPal Checkout  / Popular Mobile Payment System / Secure Platform / Utilization Made Easier with Money Pool
Best suited forIndividuals, Freelancers, Small businesses, Mid size businesses, Large enterprises
Website languagesEnglish
Website URLVisit official website
Support linkSupport page
Live chatYes
Company address2211 North First Street San Jose, California 95131
Year founded1998


PayPal pricing: How much does PayPal cost?

PayPal has versatile options for payments and transactions depending on the currency and location. A few important dates and percentages on financial transactions and donations like Domestic, International have been incorporated below.

Pricing rangeFrom $0.99 to $4.99
Pricing typesCommission based
Free planYes
Free trialNo
Money back guaranteeNo
Pricing page linkSee plans

PayPal pricing plans


The standard rate for receiving domestic donations:

  • Donate Button: 2.89% + fixed fee
  • PayPal Fundraisers (Listed Fundraisers): 2.99%
  • PayPal Fundraisers (Unlisted Fundraisers): No Fee
  • PayPal Checkout for Donations: 2.89% + fixed fee

Additional percentage-based fee for international donations:

  • All Donations of 1.50%

Sending domestic personal transactions:

  • PayPal balance or a bank account: No fee
  • Cards: 2.90% + fixed fee
  • Amex Send™ Account: No fee

Sending international personal transaction fee:

  • PayPal balance or a bank account: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD

  • Cards: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD

  • Amex Send™ Account: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD


PayPal features: What can you do with it?

PayPal Checkout 

PayPal’s Checkout service makes it easy to add PayPal as a payment processing option to a site that already accepts the credit card or interacts with an e-Commerce and online shopping provider like eBay. Even though you might need a programmer to get Checkout up and running on your internet website, it’s a breeze to maintain once it’s there. PayPal will take care of repairs and upkeep for you. Using the information it has collected, PayPal will provide “smart” checkout buttons that are specific to each individual consumer.

For example, the Venmo payment processing option will appear at checkout for those who use the service. PayPal Credit will also be an option for certain purchases. Acceptance of Payments at Your Neighborhood Stores at this time, PayPal is working to add localized payment alternatives for European customers. Since Stripe already includes this functionality, it’s not surprising that PayPal would follow suit. iDEAL, EPS (in Austria), India, etc., are just a few of the payment methods that PayPal is integrating with.

Utilization Made Easier with Money Pool

No matter what your degree of technological expertise is, using PayPal shouldn’t be too onerous of a task for you. The design of PayPal is user-friendly and features a clean, uncluttered appearance. The application can run on tablets that are powered by either Apple iOS or Google Android. Money Pool is the name of the function within the app that enables users to divide the cost of a significant purchase among themselves.

It is possible to make a sizable contribution or pay for a shared expense by soliciting financial services support from a number of close friends. That means you won’t have to worry about figuring out how to divide the cost whenever you go out to dine with a group of people.

Popular Mobile Payment System

It’s common knowledge that a lot of people use the online service PayPal to send and receive money. It doesn’t matter if you’re transferring money across the country or throughout the world; there’s a strong chance the recipient has a PayPal account as well. It is accepted at an extremely large number of different retail establishments. Amazon, iTunes, Google Play, the Microsoft Store, Best Buy, Home Depot, and a great deal of other well-known stores are among those that offer PayPal as a payment processing option.

You can even keep track of all of your loyalty cards in a single, easy-to-access location using PayPal. At long last, PayPal has made it easier than ever to give to charitable causes or organize events that collect money for them. Donations made through the organization’s Giving refund and fund page will not be subject to any types of fees, including those for service or administration. Refund of the payments can be accessed through it as well.

Multinational Transmission of Money

You can send money to more than 200 nations and territories of the world using PayPal. This service is available to users all around the globe. Find out how much it will cost you before you make a decision. Additionally, whenever there is a frequent requirement to move substantial sums of money across international boundaries, it is useful to examine the current exchange rates because doing so is helpful. You are able to convert the amount of money that is now in your PayPal balance to any currency, as well as receive payments in any currency, send payments in any currency, and do a great deal more under a single account with PayPal.

Secure Platform

It is common knowledge that PayPal is one of the mobile payment apps that offers the highest level of security currently accessible. When you pay using PayPal, the information about your financial transactions is kept confidential. PayPal’s security features protect not only online purchases and sales but also online sales. In the extremely improbable case that a customer does not get their order, PayPal promises to reimburse the consumer in full. There are many different kinds of payments that may be made with PayPal.

In addition to accepting your PayPal balance, they take the vast majority of major credit cards, debit cards, and bank accounts. Please be aware that the usage of certain payment methods may result in additional expenses being incurred for you (such as credit card). It helps you avoid scams and scammers and also chargebacks. Your username, users’ email addresses, even a single phone number, and other data are secured from data breaches and leaks.


PayPal review: Why you should use it?

PayPal is a safe and secure payment option for clients shopping online and should be regarded as a backup payment method for startups. It’s also a terrific option as your primary payment method. In addition to being widely recognized and simple to use, setting up a PayPal business account takes only a few minutes. Businesses that need to begin collecting payments quickly might use the PayPal service. PayPal provides excellent customer service.

Stripe is a developer-friendly alternative to use PayPal that offers the same processing independence as PayPal without the contract and monthly fees. Stripe is a good option. If you’re looking for an alternative to PayPal that offers the same security and ease of use, Braintree is a solid choice. There are no compatibility issues between the two platforms because PayPal owns Braintree, and each merchant is given their own separate merchant account.


Frequently Asked Questions

Is PayPal contractual?

Only PayPal merchant services are contracted. Merchant and PayPal obligations, fees, and privacy rules are explained.

Do phones have PayPal apps?

Two mobile apps are available for PayPal business accounts. PayPal Business app users visit PayPal Zettle instead. Zettle provides an online administration platform for sending invoices, making the instant transfer, viewing customer information, and viewing transactions.

PayPal Review – Payment Processor, Digital Wallet and Money Management
PayPal Review – Payment Processor, Digital Wallet and Money Management

PayPal review
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