PayPal is an American company working in both fields of e-commerce and electronic funds transfer. It makes the payment and transfers online, and it is an appropriate alternative to traditional funds transfer such as check and money orders. It is one of the largest electronic payment companies around the world.
Your PayPal account can be charged through a bank account, financial services or credit card. PayPal may receive a small amount of commission, depending on the amount of money transferred, for both transferring and receiving money. Costs vary depending on the currency of the transfer, the mode of transfer, the country of destination, and the amount of money transferred. If the seller and buyer use different currency types, they will include surcharges.