2checkout vs PayPal

Overview

PayPal

Stacks19.6K

Followers14.8K

Votes665

2checkout

Stacks33

Followers51

Votes1

2checkout vs PayPal: What are the differences?

Introduction

In this article, we will compare 2checkout and PayPal, two popular online payment platforms, and highlight their key differences.

Integration options: 2checkout offers a flexible integration process, allowing businesses to directly integrate their online store with the platform using API, as well as offering pre-built integrations with major e-commerce platforms such as Shopify and WooCommerce. On the other hand, PayPal also provides API integrations but is known for its wide range of integrations with various e-commerce platforms, making it a more versatile option.
Accepted currencies: While both 2checkout and PayPal support multiple currencies, 2checkout supports a comparatively larger number of currencies (over 180), enabling businesses to process payments from customers worldwide. PayPal, on the other hand, supports around 25 major currencies, which might be limiting for businesses operating in more niche markets.
Payment methods: 2checkout allows businesses to accept payments through credit cards, debit cards, and PayPal. Additionally, it supports various alternative payment options, such as local payment methods specific to certain regions. PayPal, on the other hand, primarily focuses on accepting payments through PayPal accounts, but also allows credit and debit card payments.
Transaction fees: 2checkout has a transparent pricing structure with fixed transaction fees based on the business's sales volume, currency, and payment method. PayPal also has a transparent fee structure, but it may vary depending on factors such as sales volume, currency conversions, and whether the payment is made within the same country or internationally.
Fraud protection and dispute resolution: Both 2checkout and PayPal offer fraud protection measures to minimize the risk of fraudulent transactions. However, 2checkout provides an additional layer of fraud detection through its proprietary Risk Management System, which includes various advanced features to detect and prevent potential fraudulent activities. PayPal, on the other hand, focuses on dispute resolution, offering a buyer and seller protection policy to resolve any transaction disputes that may arise.
Payout options: 2checkout offers flexible payout options to businesses, including bank transfers, prepaid debit cards, PayPal, and other local alternative payment methods. PayPal primarily focuses on payout through PayPal accounts, but also offers bank transfers as an option.

In Summary, 2checkout provides flexible integration options, supports a wide range of currencies and payment methods, and offers advanced fraud protection, while PayPal offers versatile integrations, supports various currencies and payment methods, and focuses on dispute resolution.

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Detailed Comparison

PayPal	2checkout
PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.	Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.
2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.;Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.;Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.;Adaptive Payments- The Adaptive Payments API allows merchants and developers to pay almost anyone and set up automated payments.;Express Checkout- Express Checkout allows merchants and developers to minimize the number of steps customers must complete when they checkout.;PayPal Payments Advanced- PayPal Payments Advanced allows merchants to enable their online stores to collect payment directly via credit card or via PayPal Express Checkout.	subscriptions management; secure payments; multi-currency; multi-language; global payment options; easy integration; saas model; reseller business model; multiple promotions options; cross-sell; up-sell; leads management; affiliates; multi-channel; design templates; mobile friendly web
Statistics
Stacks 19.6K	Stacks 33
Followers 14.8K	Followers 51
Votes 665	Votes 1
Pros & Cons
Pros 196 Most known service 135 Consumers know it 113 It's available for many countries 70 Easy 54 Best way to get paid outside US Cons 1 Less countries supported 1 Not well written recurring payment api 1 Harder to get started with	Pros 1 Lots of eCommerce options
Integrations
Formstack Wufoo Constant Contact Shopify Recurly	No integrations available

What are some alternatives to PayPal, 2checkout?

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

TransferWise

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

Related Comparisons

2checkout vs PayPal: What are the differences?

Introduction

In this article, we will compare 2checkout and PayPal, two popular online payment platforms, and highlight their key differences.

Integration options: 2checkout offers a flexible integration process, allowing businesses to directly integrate their online store with the platform using API, as well as offering pre-built integrations with major e-commerce platforms such as Shopify and WooCommerce. On the other hand, PayPal also provides API integrations but is known for its wide range of integrations with various e-commerce platforms, making it a more versatile option.
Accepted currencies: While both 2checkout and PayPal support multiple currencies, 2checkout supports a comparatively larger number of currencies (over 180), enabling businesses to process payments from customers worldwide. PayPal, on the other hand, supports around 25 major currencies, which might be limiting for businesses operating in more niche markets.
Payment methods: 2checkout allows businesses to accept payments through credit cards, debit cards, and PayPal. Additionally, it supports various alternative payment options, such as local payment methods specific to certain regions. PayPal, on the other hand, primarily focuses on accepting payments through PayPal accounts, but also allows credit and debit card payments.
Transaction fees: 2checkout has a transparent pricing structure with fixed transaction fees based on the business's sales volume, currency, and payment method. PayPal also has a transparent fee structure, but it may vary depending on factors such as sales volume, currency conversions, and whether the payment is made within the same country or internationally.
Fraud protection and dispute resolution: Both 2checkout and PayPal offer fraud protection measures to minimize the risk of fraudulent transactions. However, 2checkout provides an additional layer of fraud detection through its proprietary Risk Management System, which includes various advanced features to detect and prevent potential fraudulent activities. PayPal, on the other hand, focuses on dispute resolution, offering a buyer and seller protection policy to resolve any transaction disputes that may arise.
Payout options: 2checkout offers flexible payout options to businesses, including bank transfers, prepaid debit cards, PayPal, and other local alternative payment methods. PayPal primarily focuses on payout through PayPal accounts, but also offers bank transfers as an option.

2checkout vs PayPal

Overview

2checkout vs PayPal: What are the differences?