Google Pay vs PayPal: Tech, features, and feesįirst, let’s cover the basics. Two popular choices are Google Pay and PayPal, but which one is right for your business? In this article, we’ll compare Google Pay vs PayPal, giving you a breakdown of their basic features, fees, uses, and integration capabilities. But deciding which payment apps to offer is a little less cut and dried. Recent research shows that 82 percent of Americans use digital payments, which is a clear reason to offer them as an option at checkout. Google Pay is among the most affordable options on the table, however, costs have significantly altered since the release of the new Google Pay app.As a business owner, you can’t escape the hype around payment apps. PayPal also provides vouchers and cashbacks to their users. PayPal is more accepted than Google Pay globally as it enables hassle-free fund transfer worldwide. Google Pay rewards their users with periodic cashbacks and transaction refunds as well as vouchers from deemed e-commerce websites.
PayPal incurs a debit fee of 2.9% of the debited value plus $0.30 as an additional fee. Google Pay allows free debit transactions and incurs no fee for this process. The transfer limit of PayPal is $10000 and the withdrawal speed ranges from 1 to 2 days at most. The transfer limit of Google Pay is $9999 and the withdrawal speed ranges from 1 to 3 business days at most. Comparison Table Parameters of Comparison Consumers can set up an account on PayPal’s system linked to their credit or debit card or bank account.Ĭustomers may begin making and accepting money to and from other PayPal online accounts or via the company’s app after their identity and proof of money have been validated. PayPal, on the other hand, is a corporation that enables payments among parties through Internet transactions.
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