PayPal is a widely recognized online payment platform that allows individuals and businesses to send and receive money electronically. It provides a secure and convenient way to make online transactions, including purchases, payments, and money transfers. Users can link their bank accounts, credit cards, or debit cards to their PayPal accounts, which serve as a digital wallet. PayPal acts as an intermediary between buyers and sellers, facilitating transactions by securely transferring funds between the parties involved.