What is PayPal?
PayPal is an online payment gateway that facilitates credit card payments.
PayPal has dominated online merchant payments for more than 20 years, and remains the most widely used payment system for e-commerce.
What are PayPal’s fees?
PayPal’s transaction fees are currently 2.6% + $0.30 AUD for its standard online payments. For Website Payments Pro, fees are 1.75% + $0.30 AUD (+$25.00 per month). For more information, please see https://www.paypal.com/au/webapps/mpp/paypal-seller-fees.
What are the advantages of using PayPal?
Brand recognition is PayPal’s biggest advantage. Because it has been widely used for a long time, it is highly trusted.
PayPal also has a wide range of features beyond online payments.
What are the disadvantages of using PayPal?
The standard online payments offering from PayPal takes the user from your website to PayPal’s website to complete the transaction. If you wish to keep user’s on your website throughout the checkout process, you need to upgrade to Website Payments Pro. It is for this reason that we recommend Stripe over PayPal for most applications requiring online payments.
What are the alternatives to PayPal?
Stripe is PayPal’s major competitor, and is the second most widely used payment system for ecommerce. Other competitors include Square and Amazon Pay.
Should I use PayPal?
We recommend and support PayPal for client’s who wish to use it.
We recommend Stripe for client’s who are not committed to PayPal, because it is easy-to-use both from a development and end-user perspective compared to PayPal.