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You have several choices in terms of where you can show PayPal as a payment option. The choices can be selected in the Page Configuration module on the various tabs for pages or in the Payment Center. The choices will depend on your checkout flow settings. Here's a list of the choices based on various flow settings:
PayPal can also appear as the sole payment if you're not using a merchant account to accept and process credit cards online.
Note: It's not possible to enable PayPal as a choice to appear in the pull-down menu containing credit cards that you've selected to show as payment methods.
Note: You can choose to manage your PayPal display settings in Payment Center if you wish to display or hide PayPal on all of the checkout pages above. Learn more.