PayPal is the online payment method that enables people to send money and to shop online without sharing financial information. Shoppers can pay from their PayPal preloaded balance, directly from their bank account or stored credit cards like MasterCard and Visa.
PayPal is one of the best known payment brands in the world. With 148 million active accounts in 203 markets and supporting 26 currencies around the world, PayPal enables global commerce, processing more than 9 million payments every day. PayPal transaction costs start from 3.25% and 25 eurocent fixed fee per transaction and lowers based upon PayPal volume processed. PayPal purchases are not guaranteed to merchants. They can be disputed by the consumer due to fraud or customer service related issues. Ecommerce merchants willing to accept PayPal in their online store can opt for direct integration via the PayPal API or by using a PayPal Payment Service Provider. See below for all Payment Service Providers capable of processing PayPal. Countries not supported by PayPal include Republic of Macedonia, Iraq, Afghanistan, Bangladesh, Pakistan, and Montenegro, in addition to the US economic sanction list.
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