PayHere vs PayPal

Struggling to choose between PayHere and PayPal? Both products offer unique advantages, making it a tough decision.

PayHere is a Business & Commerce solution with tags like mobile-payments, credit-card-processing, small-business.

It boasts features such as Mobile payment processing, Accept credit card payments on smartphones or tablets, Free card reader, No monthly fees or contracts, Real-time transaction tracking, Invoicing and payment reminders, Customizable branding and receipts, Secure payment processing with PCI compliance and pros including No monthly fees or contracts, Easy to set up and use, Affordable payment processing rates, Portable card reader for on-the-go payments, Integrates with various accounting and business management tools.

On the other hand, PayPal is a Business & Commerce product tagged with payments, money-transfer, ecommerce.

Its standout features include Online payments processing, Money transfers between parties, Ability to hold funds in multiple currencies, Secure and encrypted transactions, Mobile app for on-the-go payments, Invoicing and payment acceptance for businesses, Buyer and seller protection programs, and it shines with pros like Widely accepted online payment method, Convenient for international transactions, Secure and reliable payment processing, Offers buyer and seller protection, Easy to set up and use for individuals and businesses.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

PayHere

PayHere

PayHere is a mobile payment processing application that allows small businesses to accept credit card payments anywhere using their smartphones or tablets. It offers a free card reader and has no monthly fees or contracts.

Categories:
mobile-payments credit-card-processing small-business

PayHere Features

  1. Mobile payment processing
  2. Accept credit card payments on smartphones or tablets
  3. Free card reader
  4. No monthly fees or contracts
  5. Real-time transaction tracking
  6. Invoicing and payment reminders
  7. Customizable branding and receipts
  8. Secure payment processing with PCI compliance

Pricing

  • Free
  • Pay-As-You-Go

Pros

No monthly fees or contracts

Easy to set up and use

Affordable payment processing rates

Portable card reader for on-the-go payments

Integrates with various accounting and business management tools

Cons

Limited features compared to enterprise-level payment processors

May not be suitable for high-volume businesses

Potential delays in fund settlement for new users


PayPal

PayPal

PayPal is an online payments system that allows users to transfer funds electronically between parties. It offers services for individuals and businesses to send, receive, and hold funds in multiple currencies worldwide.

Categories:
payments money-transfer ecommerce

PayPal Features

  1. Online payments processing
  2. Money transfers between parties
  3. Ability to hold funds in multiple currencies
  4. Secure and encrypted transactions
  5. Mobile app for on-the-go payments
  6. Invoicing and payment acceptance for businesses
  7. Buyer and seller protection programs

Pricing

  • Freemium
  • Pay-As-You-Go

Pros

Widely accepted online payment method

Convenient for international transactions

Secure and reliable payment processing

Offers buyer and seller protection

Easy to set up and use for individuals and businesses

Cons

Fees for some transactions and services

Potential for account holds or limitations

Limited control over customer data and information

Dependency on internet connectivity for transactions