Haskell type classes are not classes (like Java or PHP classes); they are comparable to Rust traits -- which are different from PHP traits which are comparable to Java/C# interfaces (with default impls; if you just want contracts you have... PHP interfaces).
A fundamental difference is that you can instantiate/implement a type class (or Rust trait) for any* type, compared to interfaces where each class declares the interfaces it implements. You can therefore create generic (forall) instances, higher kinded type classes, etc.
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Eli5:
Haskell type classes are not classes (like Java or PHP classes); they are comparable to Rust traits -- which are different from PHP traits which are comparable to Java/C# interfaces (with default impls; if you just want contracts you have... PHP interfaces).
A fundamental difference is that you can instantiate/implement a type class (or Rust trait) for any* type, compared to interfaces where each class declares the interfaces it implements. You can therefore create generic (forall) instances, higher kinded type classes, etc.