PayPal is an online payment system that makes paying for things online and sending and receiving money safe and secure.
When you link your bank account, credit card, or debit card to your PayPal account, you can use PayPal to make purchases online with participating merchants.
PayPal serves as a middleman between your bank and the merchant and keeps your payment information secure.
You can also use PayPal to securely send money to friends and family as well as receive money from people.
A Credit Card is a payment card issued to a cardholder to enable the cardholder to pay a merchant for goods and services based on the cardholder’s accrued debt, i.e. promise to the card issuer to pay them for the amounts plus the other agreed charges.
The card issuer (usually a bank) grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
The key difference between a Credit Card and a Debit Card is that when you use a Credit Card, you are spending the bank’s money. When you use a Debit Card, you are spending your money.
A Debit Card is a plastic payment card that can be used instead of cash when making purchases.
The money is immediately transferred directly from the cardholder’s bank account to pay for the transaction.
The key difference between a Credit Card and a Debit Card is that when you use a Credit Card, you are spending the bank’s money. When you use a Debit Card, you are spending your money.
