What is it?
PayPal is one of the first companies devoted to digital payments, enabling merchants to get paid by customers all around the globe and in multiple currencies. Shoppers don’t necessarily need a PayPal account to pay but can choose between their bank accounts, credit cards or debit cards on the checkout process, if they select PayPal as their payment method.
Why accept payments with PayPal
PayPal is well-known for their security, since they do not share customer data with merchants after a transaction, reducing the possibility of breaches. With the rise of online shopping in the last few years, offering a secure payment method like PayPal can attract many conscious consumers who value this option at a checkout.
PayPal has been in the market for over two decades, so it is a well-established brand and widely accepted worldwide. In some locations, even more so over some of the newest mobile payments or digital wallets.
PayPal is available in more than 200 countries and supports 25 currencies.