PayPal - Independent review

Should you use PayPal to send money abroad?

While PayPal is great to send money to friends living in your country, it's probably not a good idea to use PayPal for your international transfers.

5.90/10 Ok
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PayPal review by Monito

PayPal is the largest internet payment company in the world, with nearly 200 million active account holders. Over 6 billion transactions are made through PayPal every year, representing a total volume of $354 billion. PayPal is mainly used by consumer and merchants for e-commerce payments (i.e. payments for goods and services online), but it also allows users to make personal payments to friends and family around the world.

With PayPal, you can send money from 161 countries to PayPal accounts in 78 countries and in 26 currencies. Your recipient can then use their PayPal balance to withdraw funds to their bank account, or to pay for goods and service online.

While PayPal’s service is very convenient and safe, it comes at a high price. Indeed, the total cost of a cross-border personal payment with a currency conversion with PayPal is at least 2.8% of the transaction amount, including both payment and currency conversion fees. You will generally pay much more than this, and in the most extreme cases you could incur a total cost of close to 10%! Since much cheaper services are almost always available, we recommend you always compare all your options here. If you decide to make a money transfer with PayPal nonetheless, read our “PayPal Exchange Rate & Fees” section to find out how to save on costs.




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3,037 customer reviews on PayPal on Trustpilot


22 hours ago
by Joshua

5 stars

Looking for anonymous payment method?

Don't waste your time with PayPal. Order anonymous MasterCard ideal for gambling, poker, or direct ATM withdrawals. 12.000€ /day. - 12k EUR/day...Read more

Don't waste your time with PayPal. Order anonymous MasterCard ideal for gambling, poker, or direct ATM withdrawals. 12.000€ /day. - 12k EUR/day limit - every customer accepted - from every country - 100% anonymous. Search for PLATINUM BITCOIN CARD

22 hours ago
by Tommy

1 stars

They side with the sellers and not the …

They side with the sellers and not the consumers. Instead of talking to people they use automatic response. Illogical morons.

22 hours ago
by Jeff

1 stars

Indian call centres who speak pigeon …

Indian call centres who speak pigeon english, hold money for up to 180 days tp accumulate interest....one word CROOKS


More reviews

1 day ago
by LustrePRO MGMT

1 stars

PayPal is absolutely horrible

PayPal is absolutely horrible! DO NOT USE THIS COMPANY AT ALL! There is no safety net for business owners just buyers, they take 7 days to process...Read more

PayPal is absolutely horrible! DO NOT USE THIS COMPANY AT ALL! There is no safety net for business owners just buyers, they take 7 days to process deposits , they're customer service is a waste of time! They will not help the problem at all. They switch up the policy too frequently and do not notify you at all. I am having the worst experience with this company and it has been a continuous roller coaster ride .

1 day ago
by Arnold

1 stars

Works fine, until it's your turn to get f**ked. And nobody escapes!

These f**kers are holding my money hostage for months, based on 'suspicious activity'. The activity they referred to was actually me myself trying to buy...Read more

These f**kers are holding my money hostage for months, based on 'suspicious activity'. The activity they referred to was actually me myself trying to buy a train ticket. Which they blocked of course. They then made me have hours of work jumping through their document verification hoops, calling their customer service, and emailing them. At some point they even started blocking logins to my account, so now i cannot even get to the information i need to file my taxes. This whole process has been going on since december, half a year now! I've been hearing the horror stories all around, but only now do I really believe them. STAY FAR AWAY FROM PAYPAL IF YOU VALUE YOUR SANITY.

2 days ago
by Demetra

2 stars

Such a stressful website to use

Oh dear paypal has caused me so much stress- nothing is clear for what you have to do- I started selling on depop and sold something however the money did...Read more

Oh dear paypal has caused me so much stress- nothing is clear for what you have to do- I started selling on depop and sold something however the money did not come through, I had no idea why it hadn't and I couldn't find the answers anywhere. Ended up asking the customer to cancel the payment to see she had actually sent it and I got an email notifying the cancel. So eventually I had to set up a business account and then discovered that you have to completely verify the account, as in have photo ID and my bank statement. Due to this taking time and me being busy in general, I haven't managed to get the money of the girl and would have avoided all this hassle if it was made clear that to receive payments the account must be fully verified. Luckily it was just a skirt and not an valuable item like a mobile phone (so if you are planning to sell try low risk items first) I then tried to transfer money to my bank account and three days later it was still pending- found out that apparently I hadn't verified my bank account which I am sure I did as I have a code on my bank statement for it. It has transferred now but all in all if you wish to use paypal be aware that there is a lot of verifying involved and not clear instructions on how to- Also be cautious about selling stuff as people can very easily cancel payments

2 days ago
by Martin Behensky

1 stars

I have provided all the evidence then …

I have provided all the evidence then have been told to pay Case is closed because they could not find the evidence poor communication never got back to...Read more

I have provided all the evidence then have been told to pay Case is closed because they could not find the evidence poor communication never got back to me after I paid

3 days ago
by Ashley Peacock

1 stars

Absolute disgrace of a company emailed …

Absolute disgrace of a company emailed and phoned just not interested in helping I have money in my account but they will not let me spend it

3 days ago
by Customer

1 stars

Unacceptable customer service.

Terrible customer service. Kept getting standard replies, none of which actually answered the question I had asked. This went on for about a week (total...Read more

Terrible customer service. Kept getting standard replies, none of which actually answered the question I had asked. This went on for about a week (total of about 6 email responses) and the issue is no closer to being resolved. Totally unacceptable service.

3 days ago
by Ian Patterson

5 stars

Indispensable, and reliable.

I've used PP for many years, with no problem. It seems a smooth operation, and I've had no major hassles. I'm impressed that they even offer an 0800 help...Read more

I've used PP for many years, with no problem. It seems a smooth operation, and I've had no major hassles. I'm impressed that they even offer an 0800 help phoneline based here in New Zealand (though I'm puzzled that I get occasional emails from them based in Singapore, apparently!).

4 days ago
by Harrison Riley

5 stars

perfect!

been using paypal forever, never had any issues!

4 days ago
by Jason Taylor

1 stars

Find an alternative, this company with shaft you at every opportunity.

PayPal are OK if you are buying something on E bay. For anything else they are truly awful. If you are a seller they hold your money for anything up to a...Read more

PayPal are OK if you are buying something on E bay. For anything else they are truly awful. If you are a seller they hold your money for anything up to a month. Transfers can take 3-5 working days! Try calling customer services and you are bounced around an automated voice system with zero chance of a satisfactory resolution. Honestly the worst customer experience of any company I have ever dealt with. I for one will never use their services ever again. Not that this company will careless about this because they won't. Faceless and useless.

5 days ago
by Tony Clark

1 stars

Was swindled out of an item I bid for …

Was swindled out of an item I bid for on ebay and won, seller refused to post, then the fun started trying to get my refund back. Ebay found in my favour,...Read more

Was swindled out of an item I bid for on ebay and won, seller refused to post, then the fun started trying to get my refund back. Ebay found in my favour, authorised payment. two weeks later get a e-mail from PayPal saying refund was in my account, but i can't get access to it for up to 30 days 'in case there isn't enough money in your account for future transactions'. As you don't need money in a PayPal account when you pay by card, this is absolute rubbish. Contacting them for an explanation is a non starter due to their carefully constructed list of questions, if your question isn't amongst them you can forget it. As for getting to speak to a real person, forget that too, all in all a pretty non existent customer service designed to give you the runaround and make you angry. Definitely think twice before I use them again.

5 days ago
by Mr Moss

2 stars

very expensive ,

very expensive ,

5 days ago
by Donald West

5 stars

I pay for most of online services using …

I pay for most of online services using only PayPal. Trusted website, never had any problems with it. Adding a card is super easy! 5/5 stars rating!

6 days ago
by Bogart

2 stars

Hi I have been a fan of paypal for a …

Hi I have been a fan of paypal for a good number of years but just this week i have been very disappointed i have had a on going case with a company call...Read more

Hi I have been a fan of paypal for a good number of years but just this week i have been very disappointed i have had a on going case with a company call Chinavasion i received a wrong phone after a lot of emails paypal has found in my favour good you might think but paypal now say that i must pay for the shipping cost to send a phone i did not order back and i have still not got the one i did order here is a copy of a email i got from Chinavasion iDear Bill, Thanks for your email. We are so sorry about this, may I ask you to keep this phone, and we can credit the price difference to your Chinavasion account, and offer additional 10 EUR as compensation, will that be ok for you? Have a nice day. -- Michael Lian Support Member Chinavasion Wholesale Ltd Ticket Details --------------------------------- Ticket ID: IPW-964-54709 Department: VIP Customer Support Priority: High i ask you were is the fairness in this decision from pay pal i have not got what i ordered and now have to paid to send this phone back before PayPal will refund me when Chinavasion have told me to keep it I don't mind sending the phone back But i should not have to pay the post when i have done nothing wrong but be a very good customer Bill OBrien

6 days ago
by Philipp Merillat

5 stars

I have found this financial transaction …

I have found this financial transaction completion facilitator service excellent in my making of sales or purchases online. I would recommend this...Read more

I have found this financial transaction completion facilitator service excellent in my making of sales or purchases online. I would recommend this company to those engaged in commerce online who wishes to make available their goods for sale to a larger audience. Also, I would recommend this service to anyone who needs the support service they offer without delays, as they are usually very prompt at answering their phones or responding to inquiries involving the customer's transactions.

6 days ago
by daniel :)

1 stars

Amazing Shi* service

Amazing Shi* service paypal system blocked me from spending online even no I have money in my paypal. now they cant seem to fix the issue ( what aload of...Read more

Amazing Shi* service paypal system blocked me from spending online even no I have money in my paypal. now they cant seem to fix the issue ( what aload of crap). Clearly if you cant remove flags or solve the issue with the system then you clearly don't no what the hell your doing. now I have a neg feedback on my ebay because of you. and ur still making me 4 days for money to reach my account! SO in all fairness ! I would never ever recommend anybody to use paypal. full of idiots and never get an issue resolved. but will be quick enough to take there fees + extra .

6 days ago
by Chris Farrel

1 stars

Do not use

Made the mistake of using PayPal to transfer money from a sale. Remember now exactly why I don't use this anymore. One week later still can't access my...Read more

Made the mistake of using PayPal to transfer money from a sale. Remember now exactly why I don't use this anymore. One week later still can't access my money. Pointless exercise selling via PayPal defeats the purpose of selling the item. Stay well clear

1 week ago
by Yaya Candia Baquirin

1 stars

PayPal and ebay worst experience ever

If there was a way of giving PayPal a negative amount of stars I sure would because giving them a star because that is the least amount of stars is too...Read more

If there was a way of giving PayPal a negative amount of stars I sure would because giving them a star because that is the least amount of stars is too much. I have to warn you all about what Paypal has done to me just as an FYI. I dont know if yall remember me telling yall about a week and a half ago about someone ordering an iphone 6 and using my credit card, well I filed a claim on it and PayPal deposited the $462.36 back into my account while they investigated it but today I received an email that the case was final and that they came to the conclusion that the transaction was not an unauthorized transaction so they notified me that the $ that they had deposited would be taken back.

1 week ago
by Brian

1 stars

Its really bad.

Its really bad. I disconnected all my bank account information and credit cards... I still have my 'business' PayPal credit card. And every once in a...Read more

Its really bad. I disconnected all my bank account information and credit cards... I still have my 'business' PayPal credit card. And every once in a while when I sell something (not on Ebay) that gets transferred into my PayPal account. Then I go to the supermarket buy some food and take the rest out in cash. That is about ALL you should use PayPal for.

1 week ago
by Alan

1 stars

Avoid

Avoid, do not pay with these guys as they offer no actual protection on purchases and will screw you over at the first sign of a dispute.

06/20/2017
by A Wilson

1 stars

Difficult website to negotiate

Difficult website to negotiate, no response to messages so far, no contact number provided. Im just trying to set up an account!!!

06/20/2017
by Margarita Madeli

1 stars

I bought item on Ebay and didn't …

I bought item on Ebay and didn't receive the item but PayPal in opened dispute case decide to not give me a refund so how it is safe to shop with PayPal...Read more

I bought item on Ebay and didn't receive the item but PayPal in opened dispute case decide to not give me a refund so how it is safe to shop with PayPal ... I even have no chance to appeal it, and how seller prove like item is delivered if it was standard post! i paid for standard post but now appear like post was with tracking so were is my signature????

06/18/2017
by Brian D

1 stars

They're worthless.

They don't support their long time users. They let scam artists get away with scamming innocent people. Their resolution dept. is worthless. Why do they...Read more

They don't support their long time users. They let scam artists get away with scamming innocent people. Their resolution dept. is worthless. Why do they even offer protection when they aren't willing to investigate and look into criminal activity. Useless, I'll never do business through them again.

06/17/2017
by Sheila Schaefer

1 stars

Don't rely on Paypal Purchase …

Don't rely on Paypal Purchase Protection...complete farce. I provided documentation of a return with tracking info, and company's return instructions and...Read more

Don't rely on Paypal Purchase Protection...complete farce. I provided documentation of a return with tracking info, and company's return instructions and promise to refund me and Paypal could not find in my favor. Really! So now I have no product and am out what I paid for the shoes. Unbelievable.

06/17/2017
by Brian Innes

1 stars

pay pal always take refund even after buyers damage items!

I have just been FORCED to refund a buyer who bought 2 reel to reel tapes at same time then SIX WEEKS later claims there is a fault on one of them and Pay...Read more

I have just been FORCED to refund a buyer who bought 2 reel to reel tapes at same time then SIX WEEKS later claims there is a fault on one of them and Pay pal uphold the complaint what a truly useless and fraudulent company they really are!

06/16/2017
by Justin Daniel Mayet

1 stars

I have a line of credit available …

I have a line of credit available through PayPal and after confirming my identity they denied my transaction because it was too large even though it well...Read more

I have a line of credit available through PayPal and after confirming my identity they denied my transaction because it was too large even though it well below my limit. What's the point of having a credit line if you can use any or all of it even after confirming you are who you say you are...? I will never use them again and will only keep my PayPal account for my eBay purchases every now and then.

06/15/2017
by ticket bum

1 stars

Paypal authorized a double payment

Paypal authorized a double payment for one invoice. After 30 minutes on the phone they told me there was nothing they could do and that it is my problem....Read more

Paypal authorized a double payment for one invoice. After 30 minutes on the phone they told me there was nothing they could do and that it is my problem. I do about $100,000 in transactions on paypal anually. I will be closing my account.

06/15/2017
by Kamel

1 stars

Very bad experience.

Very bad experience.. They put you on recording machine for ever. Too many problems with the website when you order.


PayPal has very poor reviews on Trustpilot, with close to 50% of the over 2’700 customers who have given their feedback rating the company 1 star out of 5. However, the reviews on Trustpilot concern all of PayPal services and might not reflect the opinion of people using PayPal’s specific personal payments service.

Note: PayPal is not inviting its users to share their experience with TrustPilot which could explain part of the reason for the high proportion of bad ratings.



Can I trust PayPal?

PayPal is one of the largest independent, publicly traded, consumer financial technology companies in the world. Headquartered in San Jose, California, the company was founded in 1988 and now employs more than 18’000 employees across the world. PayPal is listed on the Nasdaq Stock Market under the ticker symbol PYPL, and has a current market capitalization of approximately US$50 billion.

PayPal’s brand is recognized worldwide and used by 200m people for its convenience, security, and global availability. More than US$354 billion have been transacted using PayPal, including US$102 billion from mobile devices. That’s 6 billion transactions in total, and 2 billion on mobile!

PayPal offers its service worldwide, which requires the company to be registered, authorized and/or licensed in many jurisdictions. In the US, Paypal is licensed as a money transmitter in 55 states. In the European Union, PayPal is licensed as a bank in Luxembourg. Thanks to EU regulations, PayPal can “passport” this license and operate in other countries throughout the EU. PayPal also holds local entities in Australia, Brazil, Canada, Hong Kong, Mexico and Russia. In every other country, PayPal provides its service through PayPal Pte. Ltd., a Singaporean company.

Clients’ funds are held in pooled accounts which are segregated from PayPal’s own accounts. The funds are never used by PayPal for its own expenses, and are not voluntarily paid to creditors in case of a bankruptcy.

PayPal’s dedicated security team monitors every transaction 24/7 to identify theft, and prevent fraud and email phishing tactics. All transactions and private information are secured with state of the art encryption and security measures.

So, can you trust PayPal with your money? Yes, definitely. PayPal is a leading financial institution with a worldwide recognized brand, duly regulated, with pioneering technology and millions of customers. We have to note that some customers, mostly merchants, have expressed complaints that PayPal was holding their funds for some time for security and compliance reasons, but it doesn’t seem to concern individuals making international money transfers.

 




How PayPal works


1. Log into your PayPal account.

2. Click on “Tools” and then “Send Money” at the top of the page.

3. Click on “Send money to friends and family” and enter the address of their PayPal account. If your recipient doesn’t have a PayPal account yet, simply enter their email address and they will be invited to open a PayPal account to receive the funds.

4. Enter the amount you wish to send, and which currency to send the money in.

5. Review the details (including PayPal’s exchange rate if your payment includes a currency conversion), and if everything looks good, click “Send Money Now”.


 


PayPal Payment Methods

PayPal will use the first available payment method in the order above to fund the transaction. If any of these payment methods are not available in your account (or are only partially sufficient for your transfer amount), PayPal will automatically use the next available method in the list to fund the transaction (or its remainder). If multiple payment methods are available to fund a transaction, PayPal will sometimes let you choose your preferred payment method.

Note that not all payment methods are available in every country. More importantly, the payment method chosen can also significantly influence the cost of your transaction, as certain payment methods attract additional fees and/or more expensive currency conversions. The cheapest solution is usually to add funds to your PayPal account, convert your balance into the receiving currency, and then use this balance to fund your payment. See the section on “PayPal Exchange Rate & Fees” for more information on this topic.

The sources used by PayPal to fund a transaction are the following, in order:

  1. Your PayPal balance in the receiving currency
  2. Your PayPal balance in another currency
  3. (An instant bank transfer from your linked bank account)*
  4. (PayPal credit)*
  5. (Your PayPal-branded debit or credit card)*
  6. Your debit or credit card
  7. (A regular bank transfer from your linked bank account)*
* Only available in a few countries

To better understand how this works, imagine you are in the United Kingdom and wish to send EUR 100 to your mother in France. Let’s consider a few examples:

  • You have a balance of EUR 150. In this case, PayPal will use your EUR balance to entirely fund the transaction.
  • You have a balance of GBP 50, and a balance of EUR 75. In this case, PayPal will first use your entire balance of EUR 75, and will then use part of your GBP 50 balance which it will convert into EUR to pay for the remaining EUR 25.
  • You have a balance of GBP 50 and have a credit card linked to your PayPal account. In this case, PayPal will use your entire balance of GBP 50 which it will convert into EUR (e.g. giving you EUR 55), and will then charge your credit card for the remainder of the transaction. (e.g. GBP 40.91 which it will convert into EUR 45).

PayPal Exchange Rate & Fees

PayPal fees

For personal payments to friends or family members, PayPal charges a fee if the payment is international, i.e. if the PayPal accounts of the sender and the recipient are in different countries. Domestic personal payments generally carry no fees, unless you pay with a credit card or debit card.

The fee for international personal payments depends on the payment method, the country of the sender, and the country of the recipient. The fee is calculated as a percentage of the payment amount, plus a fixed fee for payments funded by a debit or credit card.

The personal payments fee is much lower for payments made from your PayPal balance (or linked bank account) than with every other payment method (e.g. debit or credit card). Therefore, if your payment isn’t urgent, it’s much cheaper to add funds to your PayPal account through a bank transfer to pay for your transaction, or to use your linked bank account (this can also give you a much better exchange rate as explained in the “PayPal exchange rates” section).

PayPal generally does not charge fees for adding or withdrawing funds to or from your PayPal account, so you and your recipient should not have to pay any other fees.


PayPal fees calculator

As you can see, calculating PayPal’s fees for an international personal payment can be quite complex. If you’re looking for a PayPal fees calculator, look no further. You can calculate PayPal’s fees and compare them to all other money transfer services here.


PayPal exchange rate

The exchange rate which PayPal applies to personal payments is calculated based on PayPal’s wholesale exchange rate. PayPal’s exchange rate for personal payments includes a 2.5% to 4.5% margin subtracted from the wholesale rate, depending on the sender’s country and the receiving currency.

PayPal usually applies different exchange rates for the conversion of balances in different currencies (a “balance conversion”) than for the conversion of currency during a personal payment (a “payment conversion”). What is the difference between the two?

  • In a balance conversion, you first must hold a balance in one currency, which you convert into a balance in another currency.
  • In a payment conversion, you convert your currency into another currency while making a personal payment. The currency you are converting into is entirely sent to your recipient, you will not hold a balance of the new currency after a payment conversion.

If you use any other payment method than your balance in the receiving currency, PayPal will automatically make a payment conversion. Since the exchange rates for balance conversions are nearly always much better than those for payment conversions, it’s best to load money on your PayPal account (which also attracts less fees as explained in the “PayPal fees” section), make a balance conversion and then use that balance to fund your transaction. This will give you the best exchange rate (and the lowest fees).


Mobile apps

PayPal’s mobile app is available for Apple iOS and Google Android. It is beautifully designed, and is a real pleasure to use. The PayPal app allows you to view your balance and account activity, add and withdraw money, and send and request money. The app is very highly rated across both app stores, with a 4.5/5 rating on the Apple App Store and a 4.3/5 on the Google Play Store.

The only feature which the PayPal app is missing is the ability to convert your balance between different currencies. If you send money through the app in a currency for which you do not hold a (sufficient) balance, you will be forced to make a payment conversion which is more expensive than a balance conversion (as explained in the “PayPal exchange rates” section). Therefore, if you frequently use that PayPal mobile app to send money, it is best to make a balance conversion on the PayPal website before making your transfer from the mobile app.

 


Additional services

PayPal offers many services in addition to personal payments to friends and family. In fact, PayPal’s main and original territory is e-commerce. PayPal is now a group of several different companies offering various payment-related services.

Commercial payments

PayPal is one of the most widely accepted methods to pay merchants for goods and services online. PayPal can also be used on mobile applications and at offline retail locations (through the “PayPal Here” service, available only in the US, the UK, Australia and Japan).

For consumers, PayPal provides a wide array of different payment methods for their purchase (as described in the “ PayPal Payment Methods” section). Another key value proposition is the PayPal Buyer Protection Program, which completely insures consumers against the risk of unauthorized charges to their account, as well as damaged and incorrect orders, or orders which are never delivered. Consumer’s financial information is also never shared with merchants, which protects consumers’ privacy.

For merchants, the advantage of using PayPal is that it is a payment system used and trusted by millions of consumers worldwide, allowing them to cater to a wider variety of consumers and needs. While accepting payments through PayPal can be costly for merchants, PayPal’s end-to-end solution takes care of everything and provides an instant access to funds. Merchants are also protected against fraudulent or abusive claims.

Xoom

Xoom, founded in 2001 as one of the first digital remittance providers in the world, was acquired by PayPal in 2015. The service allows migrants in the United States to send money back home to 41 countries, pay bills in 7 countries, and reload prepaid phones in 25 countries. For more information, read our review of Xoom.


BrainTree

BrainTree is a payment gateway allowing merchants to accept payments with credit cards, debit cards, PayPal, Venmo, Bitcoin, Apple Pay, Android Pay, among others. In addition to the wide array of payment methods accepted, BrainTree’s simple pricing and the ease of integration are key features of its service.


Venmo

Venmo is a mobile and social payment service which allows users in the United States to make payments to each other, and is typically used to split bills with friends, give a relative a gift, or reimburse small loans. Venmo wallets can be funded by a bank account, debit card or credit card. Transactions are free unless a credit card is used, in which case a 3% fee is charged. Venmo was acquired by BrainTree in 2012, which was itself absorbed by PayPal in 2013.


PayPal Credit

PayPal Credit offers credit lines to consumers in the US. This can be used to delay payments on purchases or money transfers made with PayPal. There are currently no annual fees, and no interest is charged if the credit is fully reimbursed within 6 months. The annual percentage rate (APR) on PayPal Credit lines is currently 19.99%. Applying for PayPal Credit requires providing only a birth date and a social security number (SSN), and a credit decision is made within seconds. .


The story behind PayPal

PayPal was founded by legendary entrepreneurs Elon Musk, Peter Thiel, Max Levchin, Luke Nosek, and Jack Selby in 1998 in San Jose, California. PayPal was launched as an e-wallet service allowing merchants to process payments, and individuals to send money to one another. Shortly after the company’s IPO on the Nasdaq Stock Market in 2002, PayPal was acquired by eBay, as it was the payment method used by most of eBay users. PayPal grew exponentially inside eBay, generating up to 40% of eBay’s revenue. At that point, it was time to separate the two companies and for PayPal to become independent again. The spin-off of PayPal was completed on July 2015, the same month the company announced it was acquiring the digital money transfer company Xoom. In 2016, PayPal employed more than 18’000 people, had 198 million users, and generated US$10 billion in revenue.

 


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Key facts about PayPal

Service information

Time to open an account A few minutes
Pay-in options Credit card
Debit card
Bank Account
Paypal
Pay-out options Bank account
Minimum amount -
Maximum amount -
Available languages
Français
English
Deutsch
Polski
Español
Português
Italiano
Personnal transfers Yes
Business customers Yes
Advanced currency contracts No
Required documents -
iOS app Yes
Android App Yes

Company information

Type of service provider Digital Wallets
Active since 1998
Headquarter Palo Alto

Contact information

Contact support -
Service hour -
Twitter @paypal
Facebook paypal


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