PaintShop Pro X6 was the first to be available as a native 64 bit version (purchase includes both versions). Paint Shop Pro 5 added support for layers as well as CMYK and HSL colour modes, included JASC Animation Shop for creating animations and in fact was marketed as 'Paint Shop Pro 5.0 with Animation Shop'. On November 28, 2007, Corel announced that the office in Eden Prairie, Minnesota, where Paint Shop Pro was created, would be shut down, with development moving to offices in California and China. Most newer versions are only commercially available although some have been distributed in the United Kingdom in computer magazine CDs after they became obsolete. Paint Shop was originally distributed as shareware and is still available at many download sites (4.12 being a popular version). Originally called simply Paint Shop, the first version, 1.0, was a basic picture converter between BMP, GIF and PCX formats, released by Robert Voit in August 1990. Paint Shop Pro 1.0 (pictured here running on Windows XP), was released in 1992 for Windows 3.1. PSP comes with an interface for automating tasks with scripts written in Python. The particular bundled programs have varied with each numbered version and have not been sold by Corel as separate products. The X-numbered editions have been sold in two versions: PaintShop Pro, which is the basic editing program, and PaintShop Pro Ultimate, which bundles in other standalone programs, additional artistic tools and/or plugins.

PSP functionality can be extended by Photoshop-compatible plugins. In October 2004, Corel purchased Jasc Software and the distribution rights to Paint Shop Pro. It was originally published by Jasc Software. PaintShop Pro ( PSP) is a raster and vector graphics editor for Microsoft Windows. Raster graphics editor, vector graphics editor Windows 8.1 (X6 Service Pack 1-present).

Paint shop pro 5.0