Paypal is one of the most useful e-commerce solutions in the world – we won’t deny that! Founded in 1998, PayPal is a 10,000+ employee company that helps millions of people send and receive money — every day. But does bigger always mean better? Check out how PayPal weighs in with Web Payment Software, below.
Lets start with the account setup. We charge $98. PayPal is free. But why? We only charge $15.99 a month, whereas PayPal charges $30. Our transaction fees our lower, too. We charge 2.25 – 2.7% + $.25 each transaction, when PayPal charges 2.2 – 3.9% +$.30 each transaction. We also don’t charge to receive payments outside the U.S.
Put all of that on top of the fact that it takes funds 2 business days to clear the bank with us, and 3-4 business days with PayPal (or two months with rolling reserve). Rolling reserve could put you out of business.
Next, let’s talk about payment pages. That’s one of the big things we do. We support unlimited payment pages. PayPal does not. Our payment pages can be custom branded. PayPal’s cannot.
At the end of the day, if you want to send money, PayPal is probably what you want to look into. But if you’re running an online business and need to accept payments, Web Payment Software is the solution you need!