PayPal is an online payment service which allows organisations and individuals to make and receive online payments between accounts without the need to exchange bank account or credit card details. PayPal can be used for making purchases from companies or for personal payments between individuals, and also for making payments abroad.


What would I use this for?

  • You can use PayPal to send money to anyone with a PayPal account, both businesses and individuals. You can also use PayPal to make and receive payments in currencies other than your own. PayPal supports payments in 24 currencies and the payment is automatically converted into the recipient’s desired currency.
  • PayPal and other online payment services are mostly used for online shopping and receiving payment for items sold on the Internet. If you have a PayPal account you won’t need to enter your card details every time you buy something online nor will you have to share your bank or credit card details.


How do I use it?

  • To open a PayPal account you will need an email address and also a bank account or credit card. You may be prompted to set up an account when you are ready to make a purchase on some websites such as eBay, alternatively, you can create one at any time on the PayPal website.
  • It’s free to open a PayPal account and in general it’s free to use it to make payments, for example when buying something from a website. The only situation when you would be charged using PayPal is if you’re paying a person (rather than a business) and you are funding your account with a credit or debit card. In this case a small charge of 3.4% (or 20p for very small payment values) will usually apply, and the current charges can be checked in advance by visiting the PayPal website.



  • PayPal has its own protection in place, so if anything goes wrong when buying or selling something the PayPal Resolution Centre will look into the dispute and provided the rules of the Protection Policy are followed, you will be given a refund – for example if you buy something that is faulty.


Useful information

  • Coming soon, our easy online guide on how to use PayPal.