PayPal allows you to connect an external bank account, credit card and debit card and use the service to shop online securely. It acts as an intermediary between your payment method and merchants ...

Those impressive stats can give you the impression that PayPal is a bank, but it isn’t. Any money you keep in your account isn’t automatically insured by the Federal Deposit Insurance Corporation.

Here’s a closer look at Venmo and PayPal and how these platforms can help you send money, receive money and shop online. Sending money from a linked bank account, debit card or Venmo account ...

Many of the features offered by PayPal are similar to what you get with a bank account, but PayPal isn’t a bank. Rather, it’s a fintech company that offers digital-payment services.

PayPal snapshot Fees: $0 to make a purchase or transfer money domestically using a bank account or your PayPal balance. 2.9% of the amount, plus 30 cents, to transfer funds using a credit card ...