Which one should you pick, Apple Pay or PayPal?
If you’re wondering which is the best, you aren’t the only one. These two companies are experts in what they do, so it’s no surprise that people are interested in seeing how they differ.
They each serve different purposes and offer different services. Despite these two digital payment giants’ clear overlaps, you can hardly say they are rivals.
Still, there are subtle points of differences between PayPal vs Apple Pay. And where would you find differences?
Read on to find out.
PayPal allows users to create an account and initiate payments. In addition, PayPal includes additional features like Order History, Transaction Search, and Credit Card Tokenization.
On the other hand, Apple Pay provides users with a secure payment service that uses near-field communications (NFC) technology. Apple Pay also integrates Apple’s Touch ID and Face ID, which offer their users an enhanced level of security.
Apple Pay is widely accepted and is supported by a wide range of merchants, unlike PayPal, which is limited to certain merchants. PayPal guide is available on mobile and desktop, while Apple Pay is only compatible with Apple products.
The choice of payment method ultimately depends on the user’s needs and personal preferences, which you can read more about here.
One of the biggest and most important differences in fees associated with both programs is that PayPal charges a fee for most transactions, whereas Apple Pay does not have a fee for purchases. In addition, PayPal offers competitive foreign exchange rates for international transfers, whereas Apple Pay does not. Summit Venture Management Consults and Partners
PayPal also offers certain payment protection policies, whereas Apple Pay does not. Lastly, PayPal allows users to send and receive payments from various countries, whereas Apple Pay only covers a few countries.
Thus, when it comes to fees, PayPal is usually less expensive than Apple Pay but requires additional subscriptions and credit cards.
Apple Pay makes it easier for users to make purchases. It allows users to pay with a tap of their iPhone or Apple Watch and is supported at many stores.
On the other hand, PayPal offers account setup, money transfers, and other payment services from web and mobile apps but requires users first to link a bank account, debit card, credit card, or PayPal balance to their account.
PayPal is widely available across multiple platforms, including the web, mobile, and in-store locations. Apple Pay is also available on various platforms but is primarily restricted to Apple devices, so that availability may be restricted to a certain number of users.
Apple Pay features secure facial recognition or fingerprint authentication, whereas PayPal does not. Ultimately, either PayPal or Apple Pay can be convenient and secure ways to make payments; it just comes down to user preference and the availability of the payment method.
Go Digital Between PayPal vs Apple Pay
PayPal vs Apple Pay is two convenient ways to make payments while on the go. PayPal is more established and has more worldwide coverage, but Apple Pay offers better security and privacy.
Both have their pros and cons, but what matters is that it works best for your particular needs. Try them both out to decide which is best for you.
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