BitPay vs PayPal

Overview

PayPal

Stacks19.5K

Followers14.8K

Votes665

BitPay

Stacks21

Followers47

Votes0

BitPay vs PayPal: What are the differences?

Integration: BitPay is specifically designed for businesses that want to accept Bitcoin payments, offering seamless integration for online and in-store transactions. On the other hand, PayPal is a more general payment platform that caters to a wider audience and offers a variety of payment options beyond just cryptocurrencies.
Cryptocurrency Support: BitPay solely focuses on cryptocurrencies, primarily Bitcoin, for transactions, while PayPal supports a variety of traditional currencies along with limited cryptocurrency options.
Transaction Fees: BitPay typically charges lower transaction fees compared to PayPal, making it a cost-effective option for businesses dealing with high transaction volumes in cryptocurrencies.
Settlement Options: BitPay allows merchants to choose between receiving settlements in Bitcoin or converting them to local currency, offering more flexibility in managing their finances. In contrast, PayPal settles transactions in the local currency by default, with limited options for cryptocurrency settlements.
Regulatory Compliance: BitPay adheres to strict regulatory compliance standards for handling cryptocurrencies and ensuring secure transactions, while PayPal complies with standard financial regulations for traditional payments, making it more suitable for users seeking a familiar and regulated platform.
Customer Base: BitPay mainly caters to businesses and merchants looking to accept cryptocurrencies as payment, while PayPal has a diverse customer base ranging from individuals to small businesses and large corporations, offering a wider range of payment services tailored to different needs.

In Summary, BitPay is a cryptocurrency-focused payment platform offering integration, lower fees, and flexibility in settlements, while PayPal is a widely-used payment platform supporting a variety of currencies and catering to a diverse customer base.

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CLI (Node.js)

Manual

Detailed Comparison

PayPal	BitPay
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.	Once received, BitPay converts the bitcoin to your preferred currency and adds the full amount of the payment – without fees – to your next BitPay account settlement. Funds are then deposited to your bank account or bitcoin address.
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.	Direct Bank Deposit;Cryptographically Secure API;Custom Transaction Speed Setting Options;Best Bid Exchange Rates;Two-Factor Authentication;11 Open Source Libraries and SDKs for Custom Integration;National Currency Settlement
Statistics
Stacks 19.5K	Stacks 21
Followers 14.8K	Followers 47
Votes 665	Votes 0
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 Harder to get started with 1 Less countries supported 1 Not well written recurring payment api	No community feedback yet
Integrations
Formstack Wufoo Constant Contact Shopify Recurly	No integrations available

What are some alternatives to PayPal, BitPay?

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

Coinbase

Coinbase provides a simple and powerful REST API to integrate bitcoin payments into your business or application. We allow all major operations in bitcoin through one API.

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.

Related Comparisons

BitPay vs PayPal: What are the differences?

Integration: BitPay is specifically designed for businesses that want to accept Bitcoin payments, offering seamless integration for online and in-store transactions. On the other hand, PayPal is a more general payment platform that caters to a wider audience and offers a variety of payment options beyond just cryptocurrencies.
Cryptocurrency Support: BitPay solely focuses on cryptocurrencies, primarily Bitcoin, for transactions, while PayPal supports a variety of traditional currencies along with limited cryptocurrency options.
Transaction Fees: BitPay typically charges lower transaction fees compared to PayPal, making it a cost-effective option for businesses dealing with high transaction volumes in cryptocurrencies.
Settlement Options: BitPay allows merchants to choose between receiving settlements in Bitcoin or converting them to local currency, offering more flexibility in managing their finances. In contrast, PayPal settles transactions in the local currency by default, with limited options for cryptocurrency settlements.
Regulatory Compliance: BitPay adheres to strict regulatory compliance standards for handling cryptocurrencies and ensuring secure transactions, while PayPal complies with standard financial regulations for traditional payments, making it more suitable for users seeking a familiar and regulated platform.
Customer Base: BitPay mainly caters to businesses and merchants looking to accept cryptocurrencies as payment, while PayPal has a diverse customer base ranging from individuals to small businesses and large corporations, offering a wider range of payment services tailored to different needs.

BitPay vs PayPal

Overview