PayPal is one of the word’s largest digital wallets. Created in 2000, PayPal works with over 20 million merchants in 200+ countries. Additionally, it has more than 300 million customers and supports at least 20 major languages and currencies.
If you have a PayPal account, chances are that you love its speed, convenience, top-notch security and mobile support. What’s more, you can use PayPal for all of the following payments:
1. Online shopping
One of the reasons PayPal grew sporadically in the 2000s was because of its acquisition by eBay in 2002. eBay is one of the largest shopping sites in the world. However, it’s not the only eCommerce giant that accepts PayPal.
Thousands of shopping websites around the world allow you to buy groceries, electronics, general supplies and books using PayPal. Think of Shopify, Wix, Microsoft, Apple and BigCommerce.
2. Online gambling
This might come as a surprise to some, but PayPal is one of the best payment methods for online gambling. Think about it. PayPal is lightning fast. It is cheap. It protects your data and allows you to link your credit/debit card to your account.
Now, not every gambling site supports PayPal. Some operators work with Google Pay, Skrill and other PayPal alternatives. Luckily for you, the best online casinos that accept PayPal have been discussed in detail here. Check them out.
3. Travel & hotel accommodation
Whether you want to travel home to see your parents or take your family for a weekend vacation, you can count on PayPal for your payments. Both Uber and Lyft support the e-wallet as do the following airline brands:
- Qatar Airways
- Singapore Airways
- American Airlines
- JetBlue Airways
- Delta Airlines
When it comes to travel destinations, AirBnB is the biggest accommodation company that accepts PayPal. If you’re planning to stay at a hotel, though, it’s essential to check in advance if they support the digital wallet.
4. Pay for entertainment
In this age of streaming networks, more and more people are switching off cable TV in exchange for digital companies. We’re talking about Netflix, Amazon Prime, HBO Plus, MLB TV, Apple Music and Spotify.
To be clear, some entertainment networks don’t work with PayPal. But if you have a PayPal MasterCard or Visa card, you can use it to renew your subscription.
The beauty of using PayPal for subscriptions is that you can tap on its OneTouch technology to protect your personal information. OneTouch hides your data so that you don’t have to reveal it to every company out there.
5. Buy crypto
Since last year, you can buy cryptocurrencies like Bitcoin and Ethereum from PayPal. You can invest in PayPal crypto from as little as $1. But keep in mind that the company holds the keys used to prove ownership of coins.
That means you can’t transfer your Bitcoin from the PayPal ecosystem. However, you can make profits if your coins gain value. The vice versa is also true.
If you would like to truly own the cryptocurrencies you buy, a better idea is to purchase the coins elsewhere. For example, you can use PayPal to buy all sorts of crypto at Binance.com. Then you can transfer your coins to an external wallet for safety.
6. Pay or receive payments
PayPal is incredibly popular with merchants and freelancers. The explanation is straightforward. One the one hand, it helps merchants pay money to clients and employees at a low cost. On the other end, it helps millions of people get paid regardless of where in the world they live.
For a long time, PayPal used to be one of the cheapest payment methods in the world. These days, the competition is stiff and some e-wallets allow freelancers to receive payments free of charge.
However, many of the new networks are available in North America and Europe only. Or they don’t support as many merchants as PayPal.
So, you want to raise funds for your community after a natural calamity wreaked havoc to your neighborhood? You don’t need to create a website. And you don’t need to walk around asking people to pledge money.
PayPal can help you raise friends from your family and friends easily. All you need is to share a message of fundraising through email, text and social media.
If you own a website and would love to ask for donations from well-wishers, you can add a “Donate “Button” to your site. The process takes fewer than 10 minutes and comes with a personalized thank you message.
8. Video game transactions
Many video gamers love PayPal due to its many use cases in the gaming space. Let’s start with purchasing video games. You can buy video games on Steam, Microsoft and Blizzard using the e-wallet.
You can also use PayPal to pay for in-game weapons, battle passes and skins on Xbox, PlayStation, Nintendo and other brands. And if you love steam, you can buy valuable skins on the website and sell them for PayPal money through skins trading sites.
Another video game platform that loves PayPal is Twitch. Whether you want to donate to your favorite streamer, pay for subscriptions or buy Merchandise, PayPal will be your partner in the process.
9. Pay for software
We live in an age of Software as a Service. Maybe you own a business and have to store your files on Amazon’s AWS, Dropbox or Microsoft’s One Drive. You can use PayPal to pay for these services.
Perhaps you don’t pay for the cloud, Cisco or Google App services. But you probably buy software to protect your PC from viruses. Maybe you even use VPNs, buy apps from appstores and password protectors. Many these apps support PayPal.
10. Use PayPal as your bank
PayPal is so big that if it were a bank, it would be the 21st biggest bank in the US. That means it handles billions of dollars every year. The company doesn’t charge you monthly or annual fees.
If you decide to keep your money in your account, that is alright. Nowadays, the e-wallet has savings accounts through which you can earn annual interests. But the feature is presently only available in a handful of countries.