If PayPal has been set up in the store's administration area at [Admin > System Settings > Merchant Account Settings] and is available as a payment option, then this tag will display a button to allow the customer to pay with PayPal.
Using this QuickCode Tag to generate the PayPal button will allow the store to save a copy of the order record before the customer leaves your store website to complete their order on PayPal's site. This prevents the order from potentially getting lost if there is an issue in the communication between the shopping cart and PayPal.
For more information regarding the PayPal button and PayPal orders, the following Knowledge Base articles may be helpful:
Pay with PayPal button missing from checkout page
PayPal orders are completed, but not updated as authorized/paid
PayPal orders not present in Modular Merchant
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