PayPal - Send, Shop, Manage

Top ranked in Free Android App Download chart, PayPal - Send, Shop, Manage is a free app that provides outstanding user experience and services. It’s ranked NO.2 under the Finance category. Developed by PayPal Mobile, the app has 2.63M ratings and a score of 4.2. It was first released on 2011-12-22T19:49:39+00:00.

PayPal - Send, Shop, Manage doesn't contain ads and has no in-app purchase. To run this application smoothly, the operating system of your device needs to be iOS or Android 6.0 and up. Please be noticed that due to performance differences, the user experience may vary on different devices.

PayPal is a renowned financial technology company based in America. The company runs a payment system that allows you pay for goods and services online. Over the years, PayPal has replaced the general paper payment method, which includes money orders and checks. Online sellers, auction platforms and other business ventures also use it process any financial transactions. Every transaction done on the app comes with a fee.

PayPal was created in 1998, and was formerly known as Confinity. In 2002, the company went public via an IPO and started operations under eBay. The company's net worth was around $1.5 billion dollars in 2002. eBay sold the company to its major shareholders in 2015 and as a result, PayPal became an independent fin tech company. According to the 2022 Fortune 500, the company is the 143rd biggest companies in the United States of America by revenue.

The first creators of PayPal were Luke Nosek, Peter Thiel, and Max Levchin. It used to be company that focused on creating security software for portable devices. However, it changed its business model to a digital wallet because it wasn't doing well as a software company. In 1999, the first module of the PayPal electronic payment system was created.

The company joined x.com, an online financial organization in March 2000. x.com was created by Ed Ho, Christopher Payne, Harris Fricker, and Elon Musk in March 1999. There were doubts on the future of the company between the founders, and as a result, Harris Fricker left the company in 2000. In October 2002, Musk ended the internet banking services operations in x.com and focused entirely on PayPal.

With PayPal, you can pay for any type of service online. The company allows you to send funds electronically. Whether it is from organizations or individuals, PayPal provides a reliable online payment service. You can also buy goods, donate funds or receive money with the company. You don't need a PayPal account to enjoy the services of this organization. If you have an account, you will be able to use the currency conversion feature in the settings. That is, you can make financial transactions with any currency you want.

You can get the PayPal app at the Google play store or the iTunes App Store. After the company bought Braintree, it introduced a feature that allows you to pay for services with a one-touch option on online vendors apps or websites. This feature is known as the "One Touch" service.

Since PayPal does not do fractional-reserve banking, it cannot be called a bank. Funds in the company yet to be paid out are preserved in commercial interest-bearing accounts. PayPal operates as a money transmitter in the United States.

Types of PayPal Account

• Mobile Point of Sale: This account allows you use the touchless payment method and receive credit card.
• Business: With business account, you can monitor the operations of your business and send or receive invoices.
• Personal: This account can only be used for receiving and sending money

Features

Interactive and easy UI

The PayPal app has an engaging and simple user interface. You can make financial transactions by just tapping "Send" or "Receive." It is easy to understand every feature on the app.

Multiple Currency Support

Multiple Currency Support is a feature that allows you send or receive money from any part of the world. The app automatically converts currencies during financial transactions.

Invoicing

With PayPal, you can easily make or send an invoice. The online vendor can upload a logo, contact details, and other custom fields to the invoice. To enable easy future transactions, the app allows you to access the template easily. Also, the billing history and tracking payments are simple.

One Touch™

The One Touch feature stops you from inputting your PayPal info anytime you buy something on the app. With the help of Buyer Protection and fraud protection, your details are protected and secured.

Instant Transfer

You can transfer money instantly to MasterCard or Visa. Every transfer on PayPal comes with a fee.

QR Code

A QR code helps you make financial transactions with other users. All you have to do is scan the recipient's code and the money will be transferred. With an iphone's camera, you can scan the code directly without going to the app.

Pros & Cons

• Android and iOS versions are available
• Easy to use
• Multiple financing options
• Inefficient customer service
• Digital transactions are not protected