PayPal Payments Pro vs. Wise

PayPal Payments Pro

PayPal Payments Pro

234 Reviews and Ratings

Wise

Wise

43 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
PayPal Payments Pro	Score 8.4 out of 10	N/A	PayPal Payments Pro is an enterprise-class ecommerce payment solution, that provides payment processing security to build a professional-grade ecommerce site. It can be configured to meet business needs and works across devices. Users can tap into over 390 million active customer accounts around the globe.	$0.02 per transaction
Wise	Score 9.4 out of 10	N/A	Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.	$0.02 One time/%

Pricing

PayPal Payments Pro

Wise

Editions & Modules

QR code Transactions: 1.90% + fixed fee
per transaction
Charity Transactions: 2.20% + fixed fee
per transaction
Commercial Transactions - In-Store: 2.70% + fixed fee
per transaction
Commercial Transactions - Online: 2.90% + fixed fee
per transaction
PayPal's pay later offers: 2.90% + fixed fee
per transaction
Venmo: 2.90% + fixed fee
per transaction

ATM Fees over 100 USD per month: 2%
One time/%
Accounting Funding transactions: 2%
One time/%
Receiving USD wire payments: 4.14 USD
One time/%
Getting the Wise Debit card: 5 USD
One time/%
Getting account details in 10 currencies: 31 USD
One time/%
Sending money: From 0.41%
One time/%
Converting money: From 0.41%
One time/%

Offerings

Pricing Offerings
PayPal Payments Pro	Wise
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	PayPal Payments Pro	Wise
Considered Both Products	PayPal Payments Pro Verified User Anonymous Chose PayPal Payments Pro They are both great but the reputation of Paypal Payments Pro which has been around a lot longer is a significate difference when dealing with vendors. Paypal Payments Pro is a well respected name and known for making monetary transaction safe and secure . This gives us … Incentivized Helpful? Carlos Begazo Sales Manager Chose PayPal Payments Pro It is an excellent alternative, with a great interface, however, we become much more familiar with PayPal Payments because most of our clients and business partners use it, it makes our work environment more pleasant, and we have no problems processing payments. Incentivized Helpful? John Crumpton Technical Director (CTO) Chose PayPal Payments Pro Stipe is a little more complex to use but has better rates. In this particular instance, the client was more familiar with PayPal and wished to go with something they had heard of. They had already used PayPal (and had an account) and said that they felt more comfortable using … Incentivized Helpful? LS Louis Schietekat Managing Director Chose PayPal Payments Pro We use PayFast to accept local online payments in South Africa. PayFast works well to receive Rands although PayFast does not support invoicing. PayFast does however support recurring payments in the form of a "payment subscription". Payfast has fewer overall features however, … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro I believe Cash App and Venmo are better ways to transfer money with better customer service and support and so many less restrictions. Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro From my personal experience, PayPal Payments is by far the easiest to implement and better supported and documented. Other options are either over complicated or too expensive. Incentivized Helpful? Ramakant Rout Digital Marketing Profession Chose PayPal Payments Pro PayPal is much easier to use and it gave me options to pay through PayPal directly when doing online purchases. Costs were also more advantageous as I wouldn't have large amounts of money to transfer. Incentivized Helpful? Andy Ryan Launch Engineer Chose PayPal Payments Pro Stripe is not as robust as PayPal. PayPal offers way more services and features compared to Stripe. Stripe is a good platform that integrates well with other software. But Stripe doesn't have all the benefits that a giant like PayPal has. Stripe is a bit more difficult to set … Incentivized Helpful? Jessica Alvarez Founder Chose PayPal Payments Pro For us, TransferWise was a very good option to be able to send and receive payments, it is a very reliable system and allowed our employees to receive payroll money safely, however, the reason we prefer PayPal Payments is because offers us a more instantaneous receipt of money, … Incentivized Helpful? Luke Hall Founder Chose PayPal Payments Pro Stripe has lower fees which I like better, but money takes longer to reach my bank. I haven't heard of Stripe freezing people's funds either, which is a major concern of mine in continuing to use PayPal. Incentivized Helpful? Blake Baron Product Manager Chose PayPal Payments Pro PayPal Payments, at the end of the day, was an easy sell to management and an auto integration with our eCommerce software. We already informally accepted PayPal for international customers to reduce risk, and taking it a step further was an easy next step. It was a one or … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro We use authorize.net on one of our other websites as the payment processor. It is good too but definitely took a while to integrate because of some issues. PayPal Payments was much easier. Incentivized Helpful? Ashlie Pappas Founder Chose PayPal Payments Pro I don't think there's really any competition here. There's Venmo (also owned by PayPal) who is now offering business accounts, but it still isn't quite the same. The closest thing in terms of ease of use would be Apple Pay or Google Pay (and there are a handful of others out … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro PayPal Payments is probably the lowest-grade product compared to Wave Accounting and HoneyBook. It is very basic where Wave gives you more detailed reports about your income/expenses, the ability to track your expenses, personalize your account more, and other features. The … Incentivized Helpful? Sanchit Kharbanda Director of Customer Success and Operations Chose PayPal Payments Pro On the micropayments side, PayPal Payments was the clear victor, charging significantly less as compare to other payment gateways in past. PayPal Payments used to return our original processing fee in the past. PayPal Payments is currently available in over 200 countries/regions … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro We chose PayPal Payments about 10 years ago because it was easy to get up and running. We had not considered using another provider until recently when we had a less-than-positive experience with PayPal customer service. Stripe is an up-and-coming competitor with PayPal … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro Paytm is an Indian competitor of PayPal Payments. Which supports UPI transactions, but not easy to make international payments like PayPal. RazorPay is another product. I have tried to use it in one of my project, but later changed my mind to PayPal Payments because of some … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro We didn't go for any other alternatives to PayPal Payments, as it's considered the gold standard for accepting quick payments. Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro PayPal Payments is simple to implement and use. Most of the clients prefer to use PayPal Payments instead of other similar services, sustaining the choice of implementing the tool as a digital service for online payments. I would suggest adopting it as an additional service to … Incentivized Helpful? DS Danielle Smyth Director Chose PayPal Payments Pro We use PayPal Payments largely because it's easy and all of our partners, on the supply side and the client side, can use it, too. It makes the payment process simple and fast, and many partners already use PayPal Payments, so it saves them time, too. We trust the name PayPal … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro We use other products for other situations, but as far as sending money PayPal is hard to beat. We've used Square POS at live events to collect donations and payments for tickets, simply because the swipe accessory for iPhone was convenient and easy to use. We haven't had live … Incentivized Helpful? Jennifer Stirling Executive Assistant to Lindsey Stirling Chose PayPal Payments Pro I have used Zelle, Venmo, Cash App, Amazon Pay, and others only because they are popular with other people who wished to be paid that way. I got PayPal first, years ago, have used it on our website for our customers, and still like it the best. I have another friend who runs … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro PayPal was one of the first companies to offer the swipe via phone equipment and feature for sales and easily integrated products from the e-commerce site. Although other companies began and do offer the same features, PayPal was/is the most well-known and established payment … Incentivized Helpful? Jaime L. Regan Partner Chose PayPal Payments Pro PayPal Payments is probably my favorite payment app because it is the most intuitive, it is easy to use, and it is also one of the longest standing apps which has given ample time to become familiar with it and ensure that it works well. It allows employees to designate one … Incentivized Helpful? Verified User Anonymous Chose PayPal Payments Pro I have not used any other payment apps other than PayPal. Incentivized Helpful?	Wise Arpad Szucs Brand Designer \| UI, UX & Visual Designer Chose Wise Wise has great transfer fees, while Stripe has online payment options. We are using both services since Stripe can be connected to our invoicing platform, and our clients can pay us with a few clicks. Wise, as far as I know, does not offer such integration, and all transfers … Incentivized Helpful? Faisal Ahmed Frontend Web Developer Chose Wise I used all of them and some more like Skrill, Neteller. Wise just worked better for me in most cases. Also, I use Payoneer a lot. When I started freelancing I was only using Payoneer, so it's been with me forever. But Wise worked pretty well for me, at least better than Remitly. Incentivized Helpful? Jenson Teo (赵俊杰） Business Development Director Chose Wise Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very … Incentivized Helpful? Verified User Anonymous Chose Wise Stripe is good and convenient as well. However to setup something more in-depth as an invoicing platform, Stripe definitely is more flexible. The only downside to Stripe is.. It takes a higher transfer fee as compared to TransferWise. Incentivized Helpful? CL Connie Lovato Controller Chose Wise Transferwise is less expensive. Incentivized Helpful? Verified User Anonymous Chose Wise With Revolut, taxes are lower (even for free) for small number of transfers and small amounts. It all depends on the individual needs. However, Revolut is worse with regards to user experience and interface, what is something to consider (specially when dealing with the upload … Incentivized Helpful? ES Elaine Smith Producing Artistic Director Chose Wise We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case … Incentivized Helpful? Bhabishya Bhatt Content Writer Chose Wise Payoneer Incentivized Helpful? Jason Rutel Creative Director & Owner Chose Wise TransferWise beats all the competition on transaction rates, and it's easy to use. I literally have found no drawbacks in using TransferWise to pay my overseas contractors, and they prefer it too. I found it because my contractor recommended it to me, and it's better AND … Incentivized Helpful? Verified User Anonymous Chose Wise We have used Xoom and PayPal Payments, but TransferWise works for additional countries and has more transparent fees. Incentivized Helpful? Verified User Anonymous Chose Wise We cannot send to certain locations that we need to, but with TransferWise we can. Incentivized Helpful? Dr Olivier Becherel - Leadership and Executive Coaching Mentor & Coach Chose Wise TransferWise has lower transaction fees A better user interface--much cleaner, and simple to use Very simple and smooth process to transfer and receive money Incentivized Helpful? Verified User Anonymous Chose Wise TransferWise was the only solution that we've found that will allow us to facilitate ACH payments that result in an overseas deposit. The fact that you can transfer money to TransferWise and that they can then make a local transfer is awesome. The fees are totally worth it with … Incentivized Helpful? Marcelo de Vasconcellos Senior Visual Designer Chose Wise We had used bank transfers for several years, but TransferWise outdoes them in almost all aspects. It leaves out most of the bureaucracy, and it is agile and much cheaper. Also, TransferWise reliably sends messages as each step of the transaction is completed. Perhaps … Incentivized Helpful?

Best Alternatives
	PayPal Payments Pro	Wise
Small Businesses	Apple Pay Score 9.1 out of 10	Square Invoices Score 9.2 out of 10
Medium-sized Companies	Apple Pay Score 9.1 out of 10	Apple Pay Score 9.1 out of 10
Enterprises	Adyen Score 8.9 out of 10	Adyen Score 8.9 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	PayPal Payments Pro	Wise
Likelihood to Recommend	8.2 (0 ratings)	9.0 (0 ratings)
Support Rating	2.3 (0 ratings)	10.0 (0 ratings)

User Testimonials
	PayPal Payments Pro	Wise
Likelihood to Recommend	Paypal is great for personal payments as well as business payments for ecommerce of for paying monthly memberships. It is a user friendly software that needs little expertise to get used to. For larger payments, the fees become high therefore it is more suitable for payments of upto few hundred dollars. Jawaid Hameed Management Consultant Read full review	Transferwise it is great for transferring money across countries (never for transfers within the same country) and when the countries in question use different currencies. It is very quick, especially if the amount is not big. For larger amounts, it would take longer so it would be good only if you are not time-constraint. Incentivized Verified User Anonymous Read full review
Pros	You can Keep track of transactions and conform accounts daily Require users set strong passwords PayPal Payments also comes with an encryption feature that protects our customer’s and our data to the highest possible standard of security. Like its desktop version, PayPal Payments has a mobile application that is super easy to operate. PayPal Payments is extremely user-friendly and easy to use and comes up with a Great user interface. Incentivized Sanchit Kharbanda Director of Customer Success and Operations Read full review	Quick - because funds are transferred domestically, even when going international, you don't have to wait long. Easy - the printout of what information I needed to give the sending bank was complete and easy to understand. Affordable - the fees on both ends were minimal. Incentivized Sarah Daggett Systems Manager Read full review
Cons	Sometimes the UX flow would not deliver the customer back to our site, leaving orders in limbo "Pre-approved" status. The customer would call days later asking why we hadn't shipped it. The PayPal logo on the checkout page can be kind of large and obtrusive. They mention new features and programs on their login page, but it's hard to find any details on them deeper in the software. Incentivized Blake Baron Product Manager Read full review	TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services. Sometimes it has problems with some credit cards. But the most popular types are accepted without problems. TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies. Incentivized Marcelo de Vasconcellos Senior Visual Designer Read full review
Support Rating	Customer service representatives were unable to explain why customer in Australia were unable to make payments using our link. It turned out that customers in Australia must create an account. PayPal's user interface did not reveal this to our customers in Australia. There was plenty about this issue appearing in online forums and PayPal customer service couldn't explain this. This change in PayPal's usability happened between April and May of 2021 and was done without notice to vendors (like us). Incentivized Verified User Anonymous Read full review	We haven't really had to engage with TransferWise support. The platform is simple and easy to use. Incentivized Verified User Anonymous Read full review
Alternatives Considered	For us, TransferWise was a very good option to be able to send and receive payments, it is a very reliable system and allowed our employees to receive payroll money safely, however, the reason we prefer PayPal Payments is because offers us a more instantaneous receipt of money, TransferWise made us wait several days for payments to be completed, we had to wait a long time for our employees to receive the money we sent them. PayPal Payments is very different, payments are completed instantly, the only delay is the one that is placed with the freezing of funds when sending money to a new employee. Incentivized Jessica Alvarez Founder Read full review	Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very transparent (no hidden fee). Lastly, we needed a platform which is safe to use and we are happy to know that Transferwise is regulated by the MAS of Singapore. Incentivized Jenson Teo (赵俊杰） Business Development Director Read full review
Return on Investment	In the past year we've lost a couple hundred dollars due to cancelled payment agreements Due to the large percentage who choose PayPal Payments, it's brought in thousands in sales that may have been abandoned otherwise Customers trust PayPal Payments and some feel more comfortable with it rather than putting in their credit card info. It's allowed purchasers who otherwise wouldn't have bought to purchase with the security of not having to enter sensitive payment info. Incentivized Ashlie Pappas Founder Read full review	We can save around 5% on our transfer fees The online account management is easier than going into banks personally There's no negative impact... Arpad Szucs Brand Designer \| UI, UX & Visual Designer Read full review
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