PayPal — Globally trusted digital wallet and merchant payment gateway for shoppers and merchants
PayPal connects over 400 million active consumers and merchants worldwide with secure digital checkout, peer-to-peer transfers, and credit.
About PayPal
PayPal is one of the most universally recognized names in online payments. Offering an instant trust signal on e-commerce checkouts, PayPal enables consumers to pay using linked bank accounts or cards without exposing sensitive financial details, while offering sellers dispute protection and working capital.
Key features
- Universal Consumer Trust — Over 400M active shoppers recognize and trust the yellow PayPal button.
- Buyer & Seller Protection — Guarantees and fraud protection for eligible unauthorized purchases and chargebacks.
- Pay in 4 (Buy Now Pay Later) — Interest-free installment split payments built directly into merchant checkout.
Pricing
Pricing model: Freemium.
- Standard Checkout — 3.49% + 49¢ / usage — PayPal button on store, Buyer protection, Pay in 4 BNPL, Zero monthly fees
- PayPal Payments Pro — $30/mo + 2.89% + 49¢ / month — Fully customizable checkout, Accept cards directly, Virtual terminal
Pros
- Massive global consumer recognition adds immediate trust to unfamiliar stores
- Buyers do not have to re-type 16-digit credit card details on mobile
- Simple integration available across all major shopping cart plugins
Cons
- Transaction fees are higher than raw credit card processors
- Dispute resolution timelines can take up to several weeks
Platforms
Web, iOS, Android