Paypal is a payment processor that allows businesses and individuals to send and receive payments online. There are no charges to send or receive payments using Paypal. However, there are fees for using certain features, such as sending money to friends or family members, or for making online purchases. Paypal also offers a debit card that can be used to withdraw cash from ATMs or to make purchases at stores that accept Paypal.
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While there are no fees to send or receive money using PayPal, there are fees associated with certain types of transactions. For example, there is a fee to withdraw money from your PayPal account to your bank account, and there is also a fee for converting currency when you send money internationally. Overall, PayPal is a convenient and cost-effective way to send and receive money online.