PayPal
PayPal is a global digital payments platform that enables individuals and businesses to send, receive, and accept money online and in person.
Our verdict
Who it's for
The original online payment system, still everywhere
Who should look elsewhere
Transaction fees of 2.29-4.99% plus fixed fee add up for high-volume sellers
Pros
- +Ubiquitous brand recognition and consumer trust worldwide
- +No monthly fee for standard payment processing
- +Comprehensive buyer and seller protection programs
- +Supports online, in-person, and peer-to-peer payments in one platform
- +Easy integration with major e-commerce platforms like Shopify and WooCommerce
Cons
- −Transaction fees of 2.29-4.99% plus fixed fee add up for high-volume sellers
- −Account holds and freezes can disrupt cash flow without warning
- −Customer support can be slow for dispute resolution
- −Currency conversion fees apply on international transactions
- −Chargeback process often favors buyers over sellers
Key features
- ✓Online checkout with credit/debit card and PayPal balance support
- ✓Point-of-sale with card readers, terminals, and tap-to-pay
- ✓Peer-to-peer money transfers domestically and internationally
- ✓Buy Now Pay Later with installment payment options
- ✓Invoicing with automatic payment reminders
- ✓Venmo integration for social commerce
- ✓Virtual terminal for phone and mail orders
- ✓Fraud protection and dispute resolution for buyers and sellers
- ✓Multi-currency support across 200+ markets
- ✓Developer APIs and e-commerce platform integrations
Pricing
| Plan | Price | Billing | Notes |
|---|---|---|---|
| PayPal Checkout (US domestic) | — | month | 3.49% + $0.49; PayPal Checkout; Guest Checkout; Pay with Venmo |
| Cards and wallets | — | month | 2.99% + $0.49; Standard credit and debit cards; Apple Pay and other third-party wallets on invoices |
| QR code | — | month | Third-party integrator QR is 2.29% + $0.09; QR code transactions; Third-party integrator QR is 2.29% + $0.09 |
| Pay Later | — | month | 4.99% + $0.49; PayPal Pay Later options |
| Invoicing subscription | $14.99 | month | Invoice Subscription Service; $14.99/mo plus the per-transaction rates above |
Integrations
Mailchimp