PayPal

PayPal is a global online payment system that supports money transfers and acts as an electronic alternative to traditional paper methods like checks and money orders. It offers services for both personal and business use, including online checkout solutions, invoicing, and tools for managing business operations and accepting various payment methods.

PayPal offers various payment solutions, including international money transfers, but it does not explicitly state using the mid-market exchange rate for all transfers. While it mentions 'zero withdrawal fees' for specific partnerships (like GCash in the Philippines) and transparent fees for certain transactions, its fee structure for currency conversion includes a markup above the base exchange rate, which deviates from the 'mid-market exchange rate transfers' feature. It offers fast transfers, business features, invoicing, and regulatory compliance, but lacks a dedicated multi-currency account with borderless debit card features as described for Wise.