![]() A user adds a bank account or credit/debit card to the PayPal system, and whenever they’re making an online payment, they can select which account to debit. ![]() PayPal works as an intermediary between you and a bank. It has a low barrier of entry, unlike a bank account, so anyone can immediately sign up and start using the service. Now, after decades of service, PayPal is used by virtually every type of corporation and consumer. It’s been established for decades and officially gained popularity as the top digital payment option for eBay. PayPal has over 200 million users globally, with 29 million merchant accounts.
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