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I currently use “WooCommerce PayPal Checkout Payment Gateway”. Both plugins are developed by WooCommerce. The detail page for both “WooCommerce PayPal Checkout Payment Gateway” and “WooCommerce PayPal Payments” both point to the “WooCommerce PayPal Payments” page, but different WordPress.org pages.
It’s not clear whether this is an update or a separate plugin, or if the plugins can coexist, or if there is any dependencies.