PayPal is a payment processing company that offers its users the ability to make payments through PayPal accounts. PayPal accounts are bank accounts that are linked to PayPal.
When a user makes a payment through a PayPal account, PayPal deducts the payment from the user’s PayPal account and transfers the money to the recipient’s bank account. PayPal also allows its users to spend money by transferring funds to their PayPal accounts.