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PayPal is a secure online payment method, which allows you to pay or get paid quickly and easily without sharing any of your financial information.

Pricing: This depends on the country. Current fees:
 - up to 2.9% of the transaction value + $0.30 in the US or
 - up to 3.4% of the transaction value + £0.20 in the UK
For full information see: (US) or (UK)

To receive payments you can use any e-mail address. In order to access collected funds you will need to create a PayPal account with the same e-mail address.

PayPal accepts: all major credit and debit cards as well as bank transfers and direct debit. Your members can also pay for tickets and membership payments using their PayPal account balance.

The supported currencies can be found here.

Related articles:

Collecting money through GroupSpaces
How to: Collect membership fees
How to: Sell tickets for your event