Paypal is an online payment system that allows individuals and businesses to transfer money and make payments electronically. It operates as a platform that facilitates transactions between parties, either through direct transfers or by holding funds in escrow. Paypal is known for its ease of use and security, allowing users to link their bank account, credit card, or debit card, and use it to make payments online, or even in-store through its mobile application. It is widely accepted by merchants and businesses worldwide and has been a pioneer in the e-commerce space by providing a fast, efficient and secure way of conducting transactions online, making it a popular choice for online shoppers and businesses.