What Are the Benefits of PayPal?

Low Cost
Should two PayPal users decide to transfer money between their accounts, they're able to do so at no cost. PayPal does not charge for personal transfers.This includes purchases made online. If you make a payment to someone's PayPal account from your own PayPal account, there is no cost to you. There are minimal fees for the recipient. For example, as of 2010, if you receive payment as part of a purchase made using PayPal, the company charges a fee of 1.9 to 2.9 percent, plus 30 cents.
Security
PayPal works as an account separate from your bank account. You transfer money into your PayPal account from your bank account, and vice versa. This gives your PayPal account a high level of security, particularly when you're paying for an online purchase. When you pay for an online purchase using PayPal, the retailer does not see your bank account or credit card number.
Ease of Use
PayPal is a relatively simple system to use, even when transferring money in and out of your bank account. For example, transferring money to your account takes only a few clicks. Your bank account is linked to your PayPal account, so all you have to do is decide how much to transfer. The process takes five to seven days. Similarly, since your two accounts are linked, you can pay for purchases from your PayPal account without having to transfer money into it. PayPal will take it directly from your linked bank account, saving you time and effort.