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PayPal

4.3
0

Trusted brand with 400M users. 3.49% + 49¢ for online payments.

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Pros

  • Globally trusted brand with 400M+ users
  • Built-in buyer protection increases conversions
  • Venmo integration for younger demographics
  • International payment support

Cons

  • Higher online transaction fees than competitors
  • Account holds and freezes reported
  • Complex fee structure across products

Overview

What is PayPal?

PayPal is one of the most recognized names in digital payments, serving over 400 million active accounts worldwide. It offers a complete suite of payment solutions for businesses of all sizes, from simple payment buttons to full commerce platforms, with the trust factor of a brand consumers already know and use.

Key Features

  • PayPal Checkout for seamless online payment acceptance with buyer protection
  • Venmo for Business to accept payments from Venmo's 90+ million users
  • PayPal Zettle for in-person POS and card reader solutions
  • Pay Later options including Pay in 4 and monthly financing for customers
  • International payments supporting 200+ markets and 25 currencies
  • Invoicing with professional invoice creation and tracking
  • Business loans through PayPal Working Capital

Pricing

PayPal charges 3.49% + 49 cents for standard online transactions, 2.29% + 9 cents for in-person card payments via Zettle, and 2.99% + 49 cents for PayPal Checkout. QR code transactions are 2.29% + 9 cents. No monthly fees for basic accounts.

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Trusted brand with 400M users. 3.49% + 49¢ for online payments.