PayPal is one of the most widely-used payment apps in the world, with more than 360 million users in 200 countries. Founded in 1998 and headquartered in the heart of Silicon Valley, PayPal processes a whopping 34 million transactions a day, equivalent to $3,650 per second moving through the app.
While you’re probably already well aware of PayPal and have likely used it to pay for goods and services online, you might not be aware of all of the things you can do with the app. To demonstrate the global reach and versatility of the app, here are seven truly surprising things you can use PayPal for.
1. Buy and sell bitcoin
Perhaps the biggest change in direction for the billion-dollar company, PayPal decided to shake things up this year by entering the crypto market for the first time. For now, users in the UK only can buy and sell Bitcoin, Ethereum, and Litecoin for as little as £1.
2. Get credit
PayPal is one of a growing number of app-based payment gateways to allow credit systems for both individual users and business customers. PayPal Credit allows anyone who successfully applies for the service to make purchases on credit with varying interest rates, depending on location.
3. Buy a car or a house
Many people associate PayPal with small transactions, such as a Netflix subscription or a new book from Amazon. However, there are very few upper limits on what you can purchase via PayPal. Today, it is perfectly possible to buy a car or even a house using the app.
4. Play online bingo
You can even use PayPal to bring the bingo hall into your own home. By choosing a bingo live digital platform that uses PayPal, such as Buzz, you can use the app to purchase bingo cards and play immersive live stream bingo games without people around the world.
5. Convert currencies
PayPal is well-known as a global platform, one that allows you to send money anywhere in the world instantly, often for much lower fees than you would find at a bank. It also goes one step further, allowing you to convert currencies in the app itself, to find out how much your currencies are worth and how much money you can expect to reach the other side.
6. Send money via social media
Perhaps one of the most groundbreaking tools that use PayPal today is the Facebook Messenger Pay function, which was launched in 2017 and continues to be available exclusively in the US. With this tool, you can use PayPal to instantly send money to your friends via the Facebook Messenger chat function, with no strings attached.
7. Donate to charity
Finally, you can also make use of PayPal to engage your charitable causes more easily. PayPal allows you to instantly select a charity from a drop-down menu that you give one-off donations to or donate to on a regular basis. A huge number of charities now make sure of PayPal to facilitate low-effort donations and keep their respective causes alive.
These are some of the surprising things that you can use your PayPal account for right now. Let us know if we have missed anything!