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  • Deployment Cloud Based
  • Starting price Free
  • Free trial Not offered
  • Best for Freelancers, Startups, SMEs

What is PayPal?

PayPal is a widely used online payment platform that lets individuals and businesses send and receive money, accept card payments, and manage checkout on websites and mobile apps. A PayPal Business account is free to open with no monthly fee, and merchants pay a percentage plus a fixed fee per transaction depending on how the payment is taken.

PayPal Business supports invoicing, buy-now buttons, subscription billing, Pay Later options for customers, and in-person payments through its Zettle card readers. It also provides seller protection against certain chargebacks and disputes, multi-currency support for international sales, and integrations with major ecommerce platforms such as Shopify and WooCommerce.

Key Features of PayPal

PayPal lists 8 documented features, including Online checkout with card and PayPal wallet payments, Free business account with no monthly fee and Invoicing with recurring billing and reminders. The list below covers what the product does rather than how it is marketed.

  • Online checkout with card and PayPal wallet payments
  • Free business account with no monthly fee
  • Invoicing with recurring billing and reminders
  • Buy-now buttons and shopping cart embeds
  • In-person payments via Zettle card readers
  • Pay Later / buy now pay later for customers
  • Seller protection against eligible chargebacks
  • Multi-currency support for global sales

PayPal Pricing

PayPal lists 4 plans. One is free; the rest are quoted on request.

Business account

Free

No monthly fee

No cost to open or maintain a PayPal Business account

PayPal Checkout

3.49% + $0.49/transaction

Online checkout

Standard rate for PayPal Checkout including guest checkout

Credit/debit cards

2.99% + $0.49/transaction

Direct card payments

Rate for card payments processed through PayPal

In-person (Zettle)

2.29% + $0.09/transaction

Card-present payments

Rate for QR code and card-present transactions via Zettle

PayPal Specifications

PayPal is available on web app and has iOS and Android apps. It offers an API and has a free plan.

Deployment
  • Cloud Based
Billing cycle
Transaction
Desktop
  • Web App
Mobile
  • iOS
  • Android
Languages
  • English
Built for
  • Freelancers
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Support
  • Email
  • Phone
  • Live Support
  • Tickets
Integrations
Shopify, WooCommerce, Magento, BigCommerce, Xero, QuickBooks, Salesforce, eBay, Wix, Squarespace
Public API
Yes
Free trial
No
Free plan
Yes
Runs in browser
Yes
Customisable
Yes
Website
paypal.com

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PayPal FAQs

No, there is no fee to open or maintain a PayPal Business account, and no monthly maintenance fee.

Standard online checkout is 3.49% plus a fixed fee, while direct card payments are 2.99% plus a fixed fee; rates are lower for high-volume merchants and in-person Zettle payments.

Yes, an additional 1.5% applies to cross-border commercial transactions, plus currency conversion fees if applicable.

Yes, through PayPal Zettle card readers, which charge 2.29% plus 9 cents for card-present transactions.

Yes, PayPal Business includes customizable invoicing with recurring billing and automatic payment reminders.