home Invest, Make Money A quick introduction of the free PayPal app

A quick introduction of the free PayPal app

Have you noticed the recent thread of internet service payment applications? From Google’s very own Tez (also commonly known as Google play or GPay) to the Indian based application called PayTM. The evolution of such software only adds flesh to the fact that the world is indeed slowly moving towards a cashless form of economy. However, do you that PayPal was the first application that started this trend? Read on to find more information about the free PayPal app:

How does PayPal work?

PayPal is used to either transfer money or to purchase products sold online using your bank details. After entering the details of your bank account, you can choose to use either a credit card or debit card for each payment you make. You can also select one type of card to be the default for every payment. This setting can be changed later. You can also transfer money to another PayPal account. Normally money transfers to other accounts are free with certain exceptions such as currency conversion transactions. However, the average user need not worry about paying a fee when transferring money to their family or friends. PayPal is also available for business to use business PayPal accounts, a feature that was previously unavailable.

Benefits of using PayPal:

  • PayPal has been in use for many years by millions of people all over the world. Businesses to make use of PayPal. Hence it has proven itself to be extremely safe and trustworthy.
  • It is very easy to set up and get going even if you are someone who is not at all familiar with modern technology.
  • It’s highly popular as mentioned earlier. Lots of people you know may already use PayPal. So it’s easier to perform money transactions.

If you want a money transfer application that is secure, reliable, and popular all over, the free PayPal app is the one for you.