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PayPal

16.6K
12.3K
+ 1
664
Razorpay

49
86
+ 1
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PayPal vs Razorpay: What are the differences?

What is PayPal? Send Money, Pay Online or Set Up a Merchant Account. 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..

What is Razorpay? *A modern payment gateway *. It allows online businesses to accept, process and disburse digital payments through several payment modes like debit cards, credit cards, net banking, UPI and prepaid digital wallets.

PayPal and Razorpay belong to "Payment Services" category of the tech stack.

Some of the features offered by PayPal are:

  • 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.

On the other hand, Razorpay provides the following key features:

  • Instant Activation
  • Easy Integration
  • Dashboard Reporting
Decisions about PayPal and Razorpay
Lucas Litton
Founder & CEO at Macombey · | 4 upvotes · 186.3K views

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.

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Pros of PayPal
Pros of Razorpay
  • 195
    Most known service
  • 135
    Consumers know it
  • 113
    It's available for many countries
  • 70
    Easy
  • 54
    Best way to get paid outside US
  • 35
    Most widely used payment processor
  • 25
    Express Checkout
  • 16
    Consumers trust it
  • 15
    Flexible and secure
  • 6
    Digital Goods for Express Checkout
  • 2
    Upi payments support

Sign up to add or upvote prosMake informed product decisions

Cons of PayPal
Cons of Razorpay
  • 1
    Not well written recurring payment api
  • 1
    Less countries supported
  • 1
    Harder to get started with
    Be the first to leave a con

    Sign up to add or upvote consMake informed product decisions

    What is PayPal?

    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.

    What is 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.

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    What tools integrate with PayPal?
    What tools integrate with Razorpay?

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    What are some alternatives to PayPal and Razorpay?
    Stripe
    Stripe makes it easy for developers to accept credit cards on the web.
    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.
    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.
    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.
    See all alternatives