PayPal is an online payment platform that allows users to send and receive money electronically. It is widely used for online shopping, transferring funds to friends and family, and conducting various financial transactions.

PayPal offers several types of accounts, including Personal, Business, and Premier accounts. Personal accounts are for individuals, while Business and Premier accounts are designed for businesses and merchants. The type you choose depends on your needs.

Yes, you will need to link a bank account or credit card to your PayPal account. This allows you to fund your PayPal transactions and withdraw funds as needed.

Yes, PayPal is commonly used for business transactions. You can set up a Business or Premier PayPal account to receive payments from customers for goods and services.

PayPal may charge fees for certain transactions, such as receiving payments for goods and services. The fee structure can vary depending on your location and the type of transaction. It’s essential to review PayPal’s fee schedule for up-to-date information.