What it is
PayPal is an online payments account. As well as paying for things online, it is the payout method many freelance, reward and creator platforms use.
Who it's for
Anyone starting to earn or sell online, as most platforms either require PayPal or pay out to it fastest.
Our experience
We use PayPal to receive payouts from several of the platforms we test.
Honest downsides
- Fees on business payments and currency conversion can add up.
- Accounts can occasionally be put on hold for checks, which can delay access to your money.
Please note: We are not financial advisers. These are tools we have looked at or used, not financial advice.