What is PayPal and how does it work?

Last updated: March 17, 2021

PayPal is the most widely used payment platform in the world. With more than 200 supported countries, it allows commercial entities to accept payments from their customers globally.

In our Leap Pro and Growth price plans, Xolo fully supports you using your PayPal Business account for invoicing and collecting payments from your clients and making payments to suppliers from your business bank account.

Direct API integration between Xolo Leap and PayPal enables us to synchronize your latest PayPal transactions and to display them on your Xolo Leap dashboard. This means that unlike with other payment gateways, it's not necessary to manually upload monthly statements when you use PayPal, up-to-date transaction history is always available.

Please be aware that PayPal might require you to have a business bank account with an IBAN from the country where your company is registered, since PayPal does not officially work with online payment service providers such as Wise. Also, note that it's not allowed to link a personal bank account with your PayPal business account.

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