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Paddle vs PayPal: What are the differences?
Key Differences between Paddle and PayPal
Paddle and PayPal are both popular payment processing platforms used by businesses worldwide. However, they differ in several key aspects.
Integration and Ease of Use: Paddle offers a seamless integration process, allowing businesses to easily set up and start accepting payments on their website. On the other hand, PayPal also provides integration options but may require additional steps and technical know-how for a smooth setup.
Supported Payment Methods: Paddle supports a wide range of payment methods, including credit cards, Apple Pay, and Google Pay, providing customers with flexibility. In contrast, PayPal primarily focuses on PayPal accounts for transactions, although it does support credit card payments too.
Global Reach and Currency Support: PayPal has a vast global network and supports multiple currencies, enabling businesses to cater to customers worldwide. Paddle also has worldwide coverage but offers more limited currency options.
Pricing Structure: Paddle adopts a transparent pricing structure with fixed rates, allowing businesses to accurately calculate their costs. PayPal, on the other hand, has a more complex pricing system, with varied fees based on transaction types and country-specific charges.
Customization and Branding: Paddle provides businesses with greater customization options to align the payment flow with their website's branding. PayPal, although offering some customization features, has more limitations in terms of branding.
Additional Features: Paddle offers advanced features like subscription management and sales analytics, empowering businesses to streamline their operations. Conversely, PayPal primarily focuses on payment processing, with fewer additional features compared to Paddle.
In summary, Paddle excels in integration, payment method flexibility, and advanced features, while PayPal boasts a global reach, extensive currency support, and a robust reputation in the market. The choice between the two platforms depends on the specific needs and priorities of the business.
We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.
We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.
Pros of Paddle
Pros of PayPal
- Most known service196
- Consumers know it135
- It's available for many countries113
- Easy70
- Best way to get paid outside US54
- Most widely used payment processor35
- Express Checkout25
- Consumers trust it16
- Flexible and secure15
- Digital Goods for Express Checkout6
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Cons of Paddle
Cons of PayPal
- Not well written recurring payment api1
- Less countries supported1
- Harder to get started with1