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What is PayPal. PayPal was founded back in 1998, in Palo Alto, CA, as an online payment system to safely send and receive money. The platform has revolutionized financial technology and the way people pay in a digital environment.
This makes it one of the top-recognized brands in payment processing. The system is known for having a low barrier to entry, meaning it's easy for any type of business to set up an account. All you need to do is link a bank account, debit card, or credit card.
You can also use PayPal to make purchases online with participating stores. PayPal integrates with a variety of business applications, from accounting to CRMs, and boasts 210 million active users in 200+ markets. What Does PayPal Do.
PayPal is a combined payment gateway and payment processor. There are no fees to set up a business account, and you don't even need to register to use the service. PayPal charges can be added to the recipient.
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