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PayPal

    Highlights

    Customer Service
    Phone, Email, Live Chat Support, PayPal Community
    Good For
    Accepting Paypal payments; Small businesses with average transaction under $100
    Equipment
    POS (Chip, Swipe, Tap), Marketplaces & Partners, Invoicing, Online Processing
    Pricing Model
    Flat rate
    Swipe Rate
    2.7%
    Online Rate
    2.9% + 30¢
    Monthly Fee
    No monthly fees; $30/month for PayPal Payments Pro
    Keyed-in Transaction Fee
    3.5% + 15¢
    Deposit Time
    Instant access to the funds in your PayPal account; Or instant deposit to your bank account for 1% fee or 1-2 business days for no fee
    Chargeback Fee
    $20
 Venmo
 Learn MoreVisit Site
 

PayPal

Venmo

 

Benefits and Features

Customer ServicePhone, Email, Live Chat Support, PayPal CommunityPhone, email, and messaging through the app
Good ForAccepting Paypal payments; Small businesses with average transaction under $100Small mobile businesses and freelancers who want to take Venmo payments
EquipmentPOS (Chip, Swipe, Tap), Marketplaces & Partners, Invoicing, Online Processing
None needed
Pricing Model
Flat rate
Flat-Rate
Swipe Rate
2.7%
1.9% + $0.10
Online Rate
2.9% + 30¢
2.9% + $0.30
Monthly FeeNo monthly fees; $30/month for PayPal Payments Pro
$0
Keyed-in Transaction Fee
3.5% + 15¢
N/A
Deposit TimeInstant access to the funds in your PayPal account; Or instant deposit to your bank account for 1% fee or 1-2 business days for no feeInstant access to the funds in your Venmo account for in-person payments.
Chargeback Fee
$20
N/A
 Learn MoreVisit Site

 

PayPal Here

EquipmentFree Chip and Swipe reader for most new accounts; $79.99 for Chip + Tap Bundle
Pricing Model
Flat rate
Swipe Rate
2.7%
Monthly Fee
No monthly fees
Deposit TimeFunds available instantly in Paypal account;
Chargeback Fee
$20


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Venmo

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About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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