PayPal is a payment platform that provides a website and phone app allowing for online money transfers between parties. Customers can create an account and link it to a checking account, credit card, or both, and once identification and proof of funds are confirmed, they can send or receive payments online or in-person. PayPal is widely accepted by small and large retailers both online and in physical stores. Additionally, PayPal offers credit and debit cards with the company's branding. For further information about the company, refer to the Beginner's Guide to PayPal.