PayPal provides different services for personal customers from a number of countries. However, the services on offer vary from one region to another. PayPal's consumer product is a digital wallet where the customer's ID can be their email address and phone number. PayPal customers can send money to each other's digital wallets quickly and easily. The PayPal digital wallet can be connected to a bank account and debit or credit cards. This allows customers to withdraw available funds to their bank accounts. Connecting their bank cards allows customers to buy goods and services on e-commerce stores where PayPal is accepted as a payment method.
What PayPal does
- International money transfers.
- Debit and prepaid cards.
- PayPal Credit.
- Links multiple payment methods to your account to shop online.
- Digital wallet to hold funds in multiple currencies.
What PayPal doesn’t do
- Dedicated account managers.
- Risk management tools.
- Cash pickup.