PayPal vs Trustly

Overview

PayPal

Stacks19.5K

Followers14.8K

Votes665

Trustly

Stacks4

Followers14

Votes0

PayPal vs Trustly: What are the differences?

Introduction: PayPal and Trustly are both popular online payment methods that offer convenience and security to users. However, there are key differences between the two that set them apart in terms of their functionality and usage.

Availability and Accessibility: PayPal is available in over 200 countries and supports transactions in multiple currencies. It can be accessed through its website or mobile app, making it highly accessible for users worldwide. On the other hand, Trustly primarily operates in Europe and is supported by select banks in specific countries, limiting its availability to a certain geographic region.
Integration with Bank Accounts: PayPal allows users to link their bank accounts or credit/debit cards to make transactions. This flexibility enables users to choose their preferred funding source. Meanwhile, Trustly directly connects to the user's bank account, eliminating the need to link additional payment methods. This direct bank account integration simplifies the payment process.
Transaction Speed: PayPal offers instant transfers within its network, allowing users to send and receive funds quickly. However, when it comes to withdrawing funds from PayPal to a bank account, it can take a few business days. In contrast, Trustly facilitates real-time transfers, ensuring immediate availability of funds. This speedy transaction process makes Trustly advantageous for time-sensitive payments.
Fees and Costs: PayPal charges fees for certain types of transactions, such as cross-border payments and currency conversions. These fees can vary based on the user's location and specific transaction details. Trustly, in comparison, generally does not charge fees to users for using its services. However, it's important to note that individual banks may apply their own fees for Trustly transactions.
Payment Security: Both PayPal and Trustly prioritize the security of their users' financial information. PayPal offers buyer protection and dispute resolution services, which add an extra layer of security for buyers in case of fraudulent transactions. Trustly, on the other hand, utilizes bank-level security measures and authentication processes, leveraging the user's existing online banking credentials for secure transactions.
Use Cases: PayPal is widely accepted by e-commerce platforms and online stores globally, making it a popular payment method for online shopping. It is also commonly used for person-to-person money transfers and fundraising campaigns. Trustly, on the other hand, is particularly useful for online banking transactions, such as depositing funds into a gaming account or paying bills directly from the bank balance. Trustly focuses more on the convenience of bank-to-bank transactions.

In summary, PayPal offers global availability, bank account integration, and buyer protection, while Trustly focuses on real-time bank account transfers, no additional fees, and convenience for online banking transactions.

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Detailed Comparison

PayPal	Trustly
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.	It is an online payment service provider, which allows you to transfer funds in a fast, simple and secure way for European customers.
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.	Online shopping; Secure; Licensed payment institution
Statistics
Stacks 19.5K	Stacks 4
Followers 14.8K	Followers 14
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	Intercom Zapier Zendesk Chargify Shopify Chargebee FreshDesk

What are some alternatives to PayPal, Trustly?

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

PayPal vs Trustly: What are the differences?

Availability and Accessibility: PayPal is available in over 200 countries and supports transactions in multiple currencies. It can be accessed through its website or mobile app, making it highly accessible for users worldwide. On the other hand, Trustly primarily operates in Europe and is supported by select banks in specific countries, limiting its availability to a certain geographic region.
Integration with Bank Accounts: PayPal allows users to link their bank accounts or credit/debit cards to make transactions. This flexibility enables users to choose their preferred funding source. Meanwhile, Trustly directly connects to the user's bank account, eliminating the need to link additional payment methods. This direct bank account integration simplifies the payment process.
Transaction Speed: PayPal offers instant transfers within its network, allowing users to send and receive funds quickly. However, when it comes to withdrawing funds from PayPal to a bank account, it can take a few business days. In contrast, Trustly facilitates real-time transfers, ensuring immediate availability of funds. This speedy transaction process makes Trustly advantageous for time-sensitive payments.
Fees and Costs: PayPal charges fees for certain types of transactions, such as cross-border payments and currency conversions. These fees can vary based on the user's location and specific transaction details. Trustly, in comparison, generally does not charge fees to users for using its services. However, it's important to note that individual banks may apply their own fees for Trustly transactions.
Payment Security: Both PayPal and Trustly prioritize the security of their users' financial information. PayPal offers buyer protection and dispute resolution services, which add an extra layer of security for buyers in case of fraudulent transactions. Trustly, on the other hand, utilizes bank-level security measures and authentication processes, leveraging the user's existing online banking credentials for secure transactions.
Use Cases: PayPal is widely accepted by e-commerce platforms and online stores globally, making it a popular payment method for online shopping. It is also commonly used for person-to-person money transfers and fundraising campaigns. Trustly, on the other hand, is particularly useful for online banking transactions, such as depositing funds into a gaming account or paying bills directly from the bank balance. Trustly focuses more on the convenience of bank-to-bank transactions.

PayPal vs Trustly

Overview