Paysera – the alternative to PayPal
Reaching the top with eBay
In 1998, in California (USA), a company named PayPal was established, which in 2002 was bought by the most popular online auction site in the world – eBay. This is when PayPal reached its moment of glory, as the only available payment method on eBay was the PayPal system.
One of the advantages of PayPal is the privacy of its users. PayPal processes all client data in its internal system and thus the recipient can only see the email address of the sender. Another significant benefit for average users is that PayPal actively engages in disputes between merchants and buyers.
Alternative to PayPal
Now the market is offering a growing number of alternatives to PayPal.
There are plenty of various payments systems all around the world, and some of them, like Paysera, also offer lower prices.
Paysera offers its clients a variety of different payment processing methods – from Paysera bank link, which costs less than bank transfers, to payments via SMS messages.
The advantage of systems like Paysera is that they gradually penetrate into various markets by offering payment methods which are common and most convenient to local users.
Similarities and differences
| Service or Feature | Paysera | PayPal |
|---|---|---|
|
International transfers to various banks and systems across the world |
Yes | Yes |
|
Credits |
No Paysera clients-partners can receive a credit or invest via the savy.lt system. |
Yes For small businesses – "PayPal Working Capital" and "PayPal Business Loan" |
|
Verification of clients before they start trading |
Yes | Yes |
|
Payment processing methods |
More than 20 methods of payment processing via Paysera, transfers via other banks and payment systems, payments by SMS message, etc. | Payment processing via PayPal, payment cards, etc. |
|
Currencies and exchange rates |
30 different currencies and a commission fee for currency exchange of up to 1% | 26 different currencies and a commission fee for currency exchange of 2.5% |
|
Money transfers to other clients of the system |
Free transfers to a phone number or email address | Free transfers if money is sent directly form a PayPal account. If money is credited form a linked payment card, additional fees are charged: 2.9% + 0.30 EUR |
|
Payments at POS with mobile phones |
Yes | Yes |
|
Automated payments using API. Provides the possibility to pay a group of people at once, e.g. participants of a fair |
Both inside the Paysera system and to other banks | Only within the PayPal system to PayPal clients |
|
At e-shops, buyers can use the delivery address which they have indicated in the payment system; thus, there is no need to enter it again and again at different e-shops |
Planned | Yes The "Express checkout" service |
|
Cashback |
Yes Up to 1% from the amount of purchase |
Yes Up to 2% from the amount of purchase |
|
Client identity verification via the payment system |
Yes | Yes |
|
Payment processing |
Cheaper Paysera – from 1% See here |
More expensive PayPal – from 1.9% See here and here |
Updated: April 28, 2019