It would be great if you explain it with details , thanks in advance 🙂
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PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.
while other account could be email accounts like gmail, yahoomail, etc. or bank accounts like savings, cheque, credit
hope i helped 🙂
Source(s): www.wikipedia.com and my knowledge
PayPal is a great and safe way to pay for things on the internet, you can open your account online as long as you have a Debit account with a bank, I use it all the time and I have never been charged by them for using it, I think they get their earnings whilst your money is in the PayPal account waiting to be transferred to the payee.
Source(s): You can get all the info you need if you Google Paypal information.
Its for buying and selling online. Its puts an extra step between your normal bank account and the buyer/ seller – neither party gets access to any bank details. Tends to be more secure.
One is with Paypal. One isn’t.
They charge a fee every time you use it. A bank account won’t,if you use their ATM’s.