PayPal is an Internet business which allows the transfer of money between email users, avoiding traditional paper methods such as cheques and money orders. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee. It is a web-based service that enables Internet users to send and receive payments electronically. To open a PayPal account, users register and provide their credit card details. When they decide to make a transaction via Pay Pal, their card is charged for the transfer. It is widely used and accepted throughout the world.
To configure PayPal from the top, navigate to Configurations >> Payment Gateways. Configuration process includes the following.
To configure PayPal specify the followings.

Custom fields are shown on the payment form. In this section you can add/modify/delete custom fields as required.
To add a new custom field click + Add Custom Field and specify the followings.
To modify custom fields click Edit and modify fields information as required.
To remove custom field click Delete.
In this section you can add/modify/delete configuration variables as required.
To add a new variable click + Add Variable and specify the followings.
To modify any variable click Edit and modify information as required.
To remove any variable click Delete.
Marketplace allows the host to choose any available currency. However once an invoice is generated in a specific currency, the currency cannot be changed.
This displays the default currency, which has already been selected as the currency of choice. All transactions will be conducted in this currency.
Select Gateway currency from the list. Sometimes the gateway currency can be different than the default currency. If the gateway currency is different than the default currency, the host needs to specify a proper exchange rate.
This displays the Exchange rate.
To activate or deactivate PayPal click Activate or Deactivate respectively.