PayPal has been one of the leading online payment platforms for over two decades and is used in over 200 countries worldwide. There are hundreds of millions of registered users worldwide and the platform processes tens of millions of financial transactions every day. If you have ever paid for anything online, the chances are you would have used PayPal at some point.
Despite its focus on online payments, PayPal has evolved into more than a payment processor over the years. The company has continued to expand its services and you might not be fully aware of all the things you can use it for. So, here is a rundown of the top 4 things you didn’t know you could do with PayPal.
Buy and Sell Crypto
The rise of cryptocurrency has not been ignored by PayPal. The company allows users to buy and sell cryptocurrencies including Bitcoin, Ethereum, and Litecoin. This service was expanded in 2022 when the company announced that customers could now transfer cryptocurrencies between their PayPal account and third-party wallets and exchanges.
Online gaming & wagering
For many years, most online casinos and sports gambling sites did not accept PayPal as a payment method, and many people still assume that is the case today. However, things have moved on and PayPal is now listed as a payment option at many top casinos and bookmakers. There are sites online with all the necessary details if you are looking for a great guide to get you going. PayPal lets you deposit money quickly and safely when gambling online, and most licensed casinos now accept deposits and withdrawals from PayPal users.
PayPal can also be used in the online gaming world. At least a quarter of gamers now use the platform to purchase downloadable content, and, if you are a gamer, you just need a username and password to get started. This means you can check out faster than ever and spend more time playing.
Exchange foreign currencies
PayPal has also joined the competitive currency exchange market. You can hold money in your account in various currencies and easily switch money from one currency to another. The exchange rates are often lower than you would get from a high street bank. This allows you to send money anywhere in the world in an instant.
Donate to charity
When you make a payment on PayPal, you have the option to make a one-off payment or regular payments to selected charities. When you go to checkout, you’ll see a list of available charities in a drop-down list. Just select your favorite and check out as normal. The number of charities included is growing all the time, making it easier to choose a cause that is close to your heart. PayPal also works with charities such as the LGBT Foundation to process charity donations.
Paypal offers many surprising services, and there are sure to be more to come. Keep an eye out for news of all the latest releases.
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