Simply put, PayPal lets anyone with an email address or mobile phone send money to anyone else with an email address or mobile phone.
You do not need to have an account with PayPal to send funds using your credit card although it is recommended to do so. Each user signs up with PayPal and then enters their necessary banking and credit card information. Once registration is completed, your email address is all you need to send and receive money.
PayPal is owned by eBay.
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