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2checkout vs PayPal: What are the differences?

Introduction

In this article, we will compare 2checkout and PayPal, two popular online payment platforms, and highlight their key differences.

  1. Integration options: 2checkout offers a flexible integration process, allowing businesses to directly integrate their online store with the platform using API, as well as offering pre-built integrations with major e-commerce platforms such as Shopify and WooCommerce. On the other hand, PayPal also provides API integrations but is known for its wide range of integrations with various e-commerce platforms, making it a more versatile option.

  2. Accepted currencies: While both 2checkout and PayPal support multiple currencies, 2checkout supports a comparatively larger number of currencies (over 180), enabling businesses to process payments from customers worldwide. PayPal, on the other hand, supports around 25 major currencies, which might be limiting for businesses operating in more niche markets.

  3. Payment methods: 2checkout allows businesses to accept payments through credit cards, debit cards, and PayPal. Additionally, it supports various alternative payment options, such as local payment methods specific to certain regions. PayPal, on the other hand, primarily focuses on accepting payments through PayPal accounts, but also allows credit and debit card payments.

  4. Transaction fees: 2checkout has a transparent pricing structure with fixed transaction fees based on the business's sales volume, currency, and payment method. PayPal also has a transparent fee structure, but it may vary depending on factors such as sales volume, currency conversions, and whether the payment is made within the same country or internationally.

  5. Fraud protection and dispute resolution: Both 2checkout and PayPal offer fraud protection measures to minimize the risk of fraudulent transactions. However, 2checkout provides an additional layer of fraud detection through its proprietary Risk Management System, which includes various advanced features to detect and prevent potential fraudulent activities. PayPal, on the other hand, focuses on dispute resolution, offering a buyer and seller protection policy to resolve any transaction disputes that may arise.

  6. Payout options: 2checkout offers flexible payout options to businesses, including bank transfers, prepaid debit cards, PayPal, and other local alternative payment methods. PayPal primarily focuses on payout through PayPal accounts, but also offers bank transfers as an option.

In Summary, 2checkout provides flexible integration options, supports a wide range of currencies and payment methods, and offers advanced fraud protection, while PayPal offers versatile integrations, supports various currencies and payment methods, and focuses on dispute resolution.

Decisions about 2checkout and PayPal
Lucas Litton
Founder & CEO at Macombey · | 4 upvotes · 258.5K views

We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.

We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.

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Pros of 2checkout
Pros of PayPal
  • 1
    Lots of eCommerce options
  • 195
    Most known service
  • 135
    Consumers know it
  • 113
    It's available for many countries
  • 70
    Easy
  • 54
    Best way to get paid outside US
  • 35
    Most widely used payment processor
  • 25
    Express Checkout
  • 16
    Consumers trust it
  • 15
    Flexible and secure
  • 6
    Digital Goods for Express Checkout

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Cons of 2checkout
Cons of PayPal
    Be the first to leave a con
    • 1
      Not well written recurring payment api
    • 1
      Less countries supported
    • 1
      Harder to get started with

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    What is 2checkout?

    Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.

    What is PayPal?

    PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

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    What tools integrate with 2checkout?
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    What are some alternatives to 2checkout and PayPal?
    Stripe
    Stripe makes it easy for developers to accept credit cards on the web.
    Skrill
    It is an online e-wallet and money transfer service, providing a fast, efficient and secure method of transferring funds
    FastSpring
    It provides a global, cloud-based e-commerce, merchandising and fulfillment platform. Sell your desktop software, SaaS, or other digital products online - worldwide.
    Paddle
    A platform that takes makes it incredibly simple to sell apps, games and other digital products.  We think that creators should be allowed to focus on building awesome products, so we handle all of the boring things like payments, analytics, customer support and VAT so that they can do just that. Using Paddle's software development kits, developers can easily set up trial versions, licensing mechanisms, in-app purchases and even track performance & usage with Paddle’s in-app analytics technology -- all under a single dashboard.
    Braintree
    Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.
    See all alternatives