PayPal is an electronic payment system that facilitates transactions for merchants and customers. It is a secure and safe payment system that is used by millions of people around the world. To use PayPal, youāll need to have a PayPal account. Signing up is free and fast. After signing up, you can make payments through your account by linking it with credit cards, debit cards, bank accounts or other payment methods. The process is completely secure and PayPal keeps your financial information safe from any third party.