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Paylike VS Payment Rails Payout API

Compare Paylike VS Payment Rails Payout API and see what are their differences

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Contents:
  1. » Base Details
  2. » Reviews
  3. » Alternatives

Paylike logo Paylike

A modern full-stack payment platform

Payment Rails Payout API logo Payment Rails Payout API

Send business payments to any country in any currency.
  • Paylike Landing page
    Landing page //
    2021-11-06
  • Payment Rails Payout API Landing page
    Landing page //
    2023-05-08

Paylike features and specs

  • Ease of Integration
    Paylike offers a straightforward integration process with comprehensive documentation and support for various programming languages and platforms, making it easy for developers to implement its payment solutions.
  • Transparent Pricing
    Paylike provides clear and simple pricing structures without hidden fees, which allows businesses to understand their costs upfront and avoid unexpected charges.
  • Multi-Currency Support
    Paylike supports multiple currencies, enabling businesses to cater to international customers and expand their reach across different markets.
  • Excellent Customer Support
    Paylike is known for its responsive and helpful customer service, ensuring that clients receive timely assistance with any issues or questions they encounter.
  • Developer-Friendly API
    The platform offers a robust API that is developer-friendly, allowing businesses to customize their payment solutions according to their specific needs.

Possible disadvantages of Paylike

  • Limited Features
    Compared to some larger payment gateways, Paylike may lack some advanced features, such as in-depth analytics and reporting tools that could be beneficial for larger businesses.
  • Market Presence
    Paylike is a relatively small player in the payment gateway industry, which might make some businesses hesitant to adopt it over more established competitors.
  • Geographical Limitations
    While Paylike does support multiple currencies, its primary focus is on the European market, which could limit its suitability for businesses with a significant customer base outside this region.

Payment Rails Payout API features and specs

  • Global Reach
    Unlike traditional bank transfers, Payment Rails Payout API supports sending payments to over 220 countries in various currencies, making it versatile for businesses with international operations.
  • Easy Integration
    The API is designed to seamlessly integrate with existing business processes and systems, allowing for minimal disruption and fast adoption.
  • Multiple Payment Methods
    Provides various options to send payments, including ACH, wire transfers, and real-time payments, giving flexibility and choice according to business and recipient needs.
  • Automated Compliance and Reporting
    The platform offers essential compliance management features and generates transaction reports automatically, helping businesses adhere to regulatory standards without the additional manual work.
  • Cost-effective Solutions
    By reducing bank fees and optimizing payment processes through automation, Payment Rails can lead to savings for businesses, particularly those with high-volume payment requirements.

Possible disadvantages of Payment Rails Payout API

  • Complex Fee Structure
    While it offers cost savings in some areas, the fee structure can be complex and may require businesses to carefully evaluate which payment methods and options are most cost-efficient for their specific case.
  • Dependent on Internet Connectivity
    The platform relies on internet connections for processing payments, which can be a limiting factor in areas with unstable connectivity.
  • Potential Security Concerns
    As with any online payment platform, there are inherent security risks involved, such as data breaches or fraud, which businesses need to mitigate through robust security measures.
  • Learning Curve
    Depending on the technical expertise of a company's staff, there may be a learning curve associated with effectively using and managing the API.

Category Popularity

0-100% (relative to Paylike and Payment Rails Payout API)

Paylike

Payment Rails Payout API

Online Payments
74 74%
Online Payments
26% 26
Recurring Billing
65 65%
Recurring Billing
35% 35
Payments
100 100%
Payments
0% 0
Payment Platform
63 63%
Payment Platform
37% 37

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Paylike and Payment Rails Payout API

Paylike Reviews

  1. Sam Foster
    · Head of Risk and Compliance at LoyalTech ·
    Scam tactics to withhold funds! Not recommended

    This payment provider cannot be considered as reliable, due to a number of factors. They make up excuses to not execute a settlement under the obligatory monitoring that is ridiculous. Paylike has accepted the project after initial compliance - once we were ready to accept payments we were switched to LIVE. After roughly a month of processing we requested a settlement that has not been executed. Instead the company has decided to show their true nature and insisted on project monitoring due to violations of the agreement (the POSTBACK URL was different from the original URL of the project. This was explained during the call and via email correspondence - we use third party cashier - we have even sent the agreement to back up our statements). We have involved a director in a video call, he has shown his passport and on top of that we provided all of the possible documents, yet they demanded contracts of employees including people that took their apperance on the marketing materials on the website. This is just insane. This so called payment service provider has suspended the account and notified us that it will withhold the funds up to 1.5 years due to potential chargebacks that may take place. This is not the service you need - trust me. They do not have the prompt support like others may offer, only email threads and considering the stated above - THINK TWICE BEFORE PROCEEDING WITH PAYLIKE.

    🏁 Competitors: Stripe, MangoPay
    👍 Pros:    Conversion
    👎 Cons:    Lack of support|Forget about payouts|Time consuming integration|Not user friendly interface

Payment Rails Payout API Reviews

We have no reviews of Payment Rails Payout API yet.
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What are some alternatives?

When comparing Paylike and Payment Rails Payout API, you can also consider the following products

Stripe Elements - Beautiful, smart checkout flows 💳💸

Nimipay - Simple and flexible payments gateway

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Mercury API - API for your business bank account

The new Mollie - Clever payment products for great companies of all sizes.

ACH payments with Stripe - Accept bank payments with a few lines of code.

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