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PayPal is an American online payment system currently providing coverage in most countries of the globe. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world's largest internet payment companies. The company operates as an acquirer, performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee. Previously, you may use PayPal on your iPhone but Touch ID was not available in that time which was making it little insecure for the users. But, now iPhone has integrated Touch ID along with PayPal which will surely increase your PayPal’s security for sure.