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WePay vs PayPal Fees: Comparing the Differences

WePay vs PayPal Fees: Comparing the Differences

21 Jan 2021

Modern times require rapid methods to make things easier and feasible. WePay and PayPal are related examples of the services that provide the user to perform online transactions in a couple of clicks but different ways. Let us get started with the basics of both the services.

Do you know The History of WePay & PayPal?

In 1998, PayPal was created as an alternative for the traditional banking model without paper. The motive of PayPal is to enable smooth and hurdle free transactions to its customers.

PayPal has gained over more than 200 million users as of the year 2020, with transactions in 25 different currencies. WePay was founded in 2008 to receive money in a tension-free manner.

In 2011, the company expanded its domains for collecting credit card payments for small businesses. WePay was acquired by the JP Morgan Chase and Co. back in 2017. 

Want to Become a PayPal Merchant

PayPal website officially advertises a 2.9% + $0.30 transaction fee, which adds up to $3.20 for a $100 transaction. Merchants can sign up for the merchant account to comforts them with additional benefits. Users can register for merchant account only when their sales are over $3000 monthly.

The fee for merchant account online transaction is 2.9% + $0.30 per transaction. The official fees for doing business outside the United States premises are 4.4% + $0.30 per online transaction.

Merchants who have average sales below than $10 (micropayment transactional charges are more economical at 5% to 6% + $0.05) and different however from the charges for merchants who trade digital goods (5% to 5.5% + $0.05, except Japan which is 5% to 5.3% + $0.05).

Not only this, PayPal offers special packages to a specific category of the merchants who do not want to send their customers to the PayPal site to schedule payments with sometimes ever lower transactional charges. It is simpler until you find all the services and different packages available for the merchant. 

WePay: Perks and Competitive Advantage for Businesses

WePay, which is associated with the JPMorgan Chase company, is defined as the online payment system that supports integrating the payment solutions to software as a service (SaaS) and crowdfunding platforms. It is different from PayPal because it is integrated into the website, making a convenient shopping experience.

WePay is based upon three distinctive service providers. The first one is Link, and it is a method for merchants to handle transactions through Chase's integrated payment service.

The earning fees can also be automatically credited into Chase bank accounts. The merchant customer has to pay an amount of $2.9% + $0.25 for each transaction made at their end. 

The second service offered by the WePay is defined as Clear. It is considered a white label payment approach is enabling merchants to set up their prices.

The service also provides merchants with the option to integrate the payment data into their applications and monitor or control the users' process experience. Summing up, Clear is how companies leverage WePay's technology to offer online payment using their brand. 

The last is Core helps companies fully integrate into Chase's infrastructure, including cash management and payment processing. It gives the merchant control of the user experience and transactional life cycle. The Core is the choice for the companies to perform many transactions and who wish to become full-fledged payment facilitators.

What could be better: PayPal or WePay

PayPal is an online payment company that enables a user to transfer money in just a couple of seconds, serving as the best alternative for paper money, whereas 'WePay' is an online payment system company that provides integrated payment solutions to crowdfunding SaaS platforms. It also offers three tiers of service defined as the Link, Clear, and Core that integrate into the parent company of WePay known as Chase. 

PayPal assures that transactional payment will be available for deposit or withdrawal within minutes. Your money is secured with PayPal. Privacy is protected, and in addition to that, they are catering to a large number of the customer base.

Transactions are much more rapid than traditional paper methods. When a customer enters their details about shipping and payment on the merchant business site, the standard procedure is. PayPal steps in and takes care of the transaction from there onwards.

WePay provides users with online tools they need to run and grow their business. It helps users perform things like notifying with invoices, managing significant events and appointments, and supporting connectivity with customers and clients. It is a fact that the vast majority of commerce is scheduled online.

If the user cannot pay online with a credit or debit card, then the concerned business is missing a huge opportunity to get paid on the spot, even to collect instant deposits. To develop and build this payment functionality. It takes a lot of time and is indeed a hectic procedure. Now you can partner with WePay to launch your mobile card reader program.

One can integrate the service with the addition of just a few lines of code. ACE Money Transfer still stands out to be the best source for online payment transfer from one place to another. The company is known for its best exchangeable rates and many customers worldwide. They support a wide range of services for multiple countries and a lot more than that. 

Facts you must know about WePay and PayPal.

PayPal is acknowledged for its professionalism globally. People worldwide recognize the sign of PayPal as the guarantee and trust for business productivity. An overview of the website of PayPal encourages merchants to use their logo, add value to their marketing strategies, and confirm to the users that the merchant is serious about the business.

Fees and restrictions vary between PayPal and WePay, making one another attractive from some other merchants' perspective. PayPal is considered inefficient for places that require retails and offline due to a few card reader options. WePay was launched as a competitor for PayPal.

But the matter of fact is that it is well suited for the platforms which support crowdfunding. The service is well appreciated for the basic credit, debit and ACH (Automated Clearing House) processing. It is terrible for business where processing is over $5000 monthly.

Finally, it is also considered bad for e-commerce businesses that supports PayPal payments. The best thing you can give to your clients and customers is the multiple gateway options when they proceed to checkout.

WePay is considered a bad choice for the business is making higher sales by the end of each month. Cutting the long, WePay is cool only until you want to process credit, debit and ACH payments. WePay provides coverage of Visa, MasterCard, Discover and American Express.



Summing up the above discussion, WePay and PayPal stand out to be the best services in their way. One can find the former better suited based on their business requirements, whereas others could find the latter feasible. Both services have unique perks and cons. It is advised to opt for the appropriate selection while making such decisions.

WePay provides a business solution with the integration services enabling much more than just a service provider. PayPal, on the other hand, is the guarantee of success.

However, it is a third-party service that any business based on their standard eligibility criteria can apply. It works as a redirection to their page for associated payments.

PayPal's addictive quality is the rapid and secure transactions in just a few minutes. PayPal is good for businesses that demand an option to set up credit cards for eCommerce transactions or to candidates seeking integration for payment processing regarding their eCommerce site. All those areas where accessing API are involved will consider PayPal an expensive service. 


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