BDS (Beidou Navigation Satellite System) integrates the legacy PNT (Positioning, Navigation, Timing) service and the authorized SBAS (Satellite-Based Augmentation Services) service. To support the requirement of decimeter-level positioning, four types of differential corrections are developed in the BDS SBAS, including the State Space Representation (SSR)-based satellite orbit/clock corrections, the Observation Space Representation (OSR)-based ionospheric grid corrections, and the partition comprehensive corrections. In this study, we summarize the features of these differential corrections, including their definition and usages. The function model of precise point positioning (PPP) for dual- and single-frequency users using the four types of BDS SBAS corrections are proposed. Datasets are collected from 34 stations over one month in 2019, and PPP is performed for all the datasets. Results show that the root mean square (RMS) of the positioning errors for static/kinematic dual-frequency (DF) PPP are of 12 cm/16 cm in horizontal and 18 cm/20 cm in vertical component, while for single-frequency (SF) PPP are of 14 cm/32 cm and 22 cm/40 cm, respectively. With regard to the convergence performance, the horizontal and vertical positioning errors of kinematic DF-PPP can converge to 0.5 m in less than 15 min and 20 min, respectively. As for the kinematic SF-PPP, it could converge to 0.8 m in horizontal and 1.0 m in vertical within 30 min, where the ionosphere-constrained PPP performs better than the UofC PPP approach, owing to the contribution of the ionospheric grid corrections.