is a worldwide online payments system that enables users to transfer or receives funds in a faster and safer way. supports online money transfers and acts as an electronic alternative to checks and money orders. enables you to send, receive money, as well as set up a merchant account.

Headquartered in San Jose, California, United States. has as it’s founders Elon Musk, Peter Thiel, Yu Pan, Max Levchin, Ken Bowery and Luke Nosek.

PayPal is free for sign up, and additionally, makes users eligible for card reward points. With it, you can transfer money online in seconds with just an email address.

PayPal operates two categories of accounts, namely; Personal and Business

Paypal Personal Account

The personal category is for people who wish to pay online. Its active users have risen to 203 million active users, who choose to pay online or on mobile with PayPal. With a personal PayPal account, you can pay securely at millions of stores, and send money quickly to anyone’s PayPal email address or mobile number, additionally, your eligible card reward points can also be collected.

The following benefits accrue with having personal PayPal account

  • When you sign up for account, you shop without transaction fees, how you choose to pay is not a problem
  • Shop securely, by storing all your financial information, behind a single secure login
  • You can shop globally, and pay on sites of all sizes worldwide and in 25 currencies. Business Account business account is designed for people and businesses who want to get payments. With it, you can accept multiple types of payments, with a single PayPal account.

The following benefits accrues with the PayPal business account;

  • Accept credit and Visa Debit card payments securely, without a monthly fee.
  • Those who buy from you, do not need to have a PayPal account
  • You get paid faster, with online Invoicing and Express Checkout
  • Sellers can sell securely with PayPal seller protection. offers an easy way to pay, and also get paid. Users can shop online, or send money and receive money, without their payment information being shared.

Users can buy from websites around the world without sharing their financial information, with their eligible purchases covered up to 180 days by PayPal’s purchase protection. With PayPal, you get to sell around the globe and accept all major credit cards throughout your site, apps, or email with no setup or monthly fees. has been the adjudged the fastest, safer way of sending money and make an online payment. It connects buyers and sellers in real time to engage in transactions.

With more than 200m active accounts to its credit, has been tested and trusted by users. Thus it is the way to go.