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PayPal

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The GoCardless content team comprises a group of subject-matter experts in multiple fields from across GoCardless. The authors and reviewers work in the sales, marketing, legal, and finance departments. All have in-depth knowledge and experience in various aspects of payment scheme technology and the operating rules applicable to each. The team holds expertise in the well-established payment schemes such as UK Direct Debit, the European SEPA scheme, and the US ACH scheme, as well as in schemes operating in Scandinavia, Australia, and New Zealand. See full bio

Last editedMar 2022

Paypal facilitates payments through online funds transfers.


Payment type	E-Wallet
Description	PayPal is a company that facilitates payments between parties through online funds transfers. PayPal allows customers to establish an account on its website, which is connected to a user's credit/debit card or bank account.
Currency	More than 100 currencies, globally, including DKK, Euro, HUF, NOK, PLN, GBP, SEK, CHF
Key markets	50 countries across Europe
Key fact	More than 200,000,000 customers have an active PayPal account, across the globe.
Payment use case	eCommerce, One-off transactions
Benefits	Global solution
Considerations	Customers must have a PayPal account to make a purchase.
Example merchants	HP, Under Armour, Crocs
Additional facts + figures	PayPal supports more than 100 currencies, globally.

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