Create an Internet Bank Account with PayPal

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.

Sign Up for a Business or Personal Account for Free. Any Device. Securely Accept Payments. Simple and Convenient. Get Started in Minutes. 24/7 Customer Service. No Monthly Fee. Truly Global. Safer and Protected.

PayPal is founded in December 1998, Palo Alto, California, United States. It's parent organization is eBay. The founders of PayPal are Elon Musk, Peter Thiel, Yu Pan, Max Levchin, Ken Howery, Luke Nosek.

PayPal is an online payment platform that offers individuals and businesses low-cost services. PayPal has been its own company since 2015. In addition to online payments, PayPal also offers a variety of related services including debit cards for payments, credit card readers for small merchants, and lines of credit.

For those who're looking for online (or remote) work, PayPal is essential. Why? Because of most of the online work sites requires a PayPal account to pay the wages. See also What do you need to work from home.

Is PayPal free?

Yes ... and no.

When you sign up with PayPal, you don't pay a penny. That's free. When you pay money with PayPal, that's also free. However, when you receive money, you pay a fee. And there is no minimum balance required.

For payments received, PayPal takes 2.9% + $0.30. for each transaction.

Do you need a bank account with PayPal?

No.

You can link a bank account with PayPal and transfer money to your bank account).