Software Alternatives, Accelerators & Startups
Register | Login

PayPal VS Blockchain

Compare PayPal VS Blockchain and see what are their differences

bunq
bank of the Free! Mobile banking that makes life easy. featured
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.
Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

PayPal logo PayPal

PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

Blockchain logo Blockchain

Blockchain is the world's most trusted all-in-one crypto company. We're connecting the world to the future of finance through our suite of products including the leading crypto wallet, bitcoin explorer, and market information.
  • PayPal Landing page
    Landing page //
    2023-10-20
  • Blockchain Landing page
    Landing page //
    2022-05-26

PayPal features and specs

  • Widely Accepted
    PayPal is accepted by millions of merchants around the globe, making it easy to make transactions almost anywhere.
  • User-Friendly
    The platform has an intuitive and easy-to-navigate interface, simplifying the process of sending and receiving money.
  • Security Features
    PayPal offers robust security features such as encryption, fraud prevention, and two-factor authentication to protect users' financial information.
  • Buyer Protection
    PayPal offers buyer protection for eligible purchases, providing a safety net in case items are not as described or not received.
  • Global Transactions
    PayPal supports multiple currencies and allows for international transactions, which is beneficial for global business.
  • Integration with eBay
    PayPal integrates seamlessly with eBay, making it convenient for users who frequently buy and sell on the platform.

Possible disadvantages of PayPal

  • Fees
    PayPal charges fees for certain transactions, including receiving payments for goods and services, which can add up for frequent users.
  • Account Freezing
    PayPal has been known to freeze accounts if there is suspicious activity, which can be inconvenient and problematic for users.
  • Customer Service
    Some users report issues with PayPal's customer service, citing long response times and difficulty resolving disputes.
  • Exchange Rates
    PayPal's currency conversion rates are often less favorable compared to what you might get at a bank or through a dedicated currency exchange service.
  • Transaction Limits
    PayPal imposes limits on transaction amounts for unverified accounts, which can restrict the ability to send or receive large sums of money.
  • Privacy Concerns
    Some users have raised concerns about PayPal's data privacy practices and how their information is shared with third parties.

Blockchain features and specs

  • Security
    Blockchain provides strong security features, as each transaction is encrypted and linked to the previous one. This makes it highly resistant to fraud and hacking.
  • Transparency
    All transactions on the blockchain are publicly accessible and verifiable, which increases transparency and trust among users.
  • Decentralization
    Blockchain operates on a decentralized network, which reduces the reliance on a central authority and increases system robustness and uptime.
  • Immutability
    Once data is recorded on the blockchain, it cannot be altered or deleted, ensuring the integrity and consistency of the data over time.
  • Efficiency
    Blockchain can streamline and automate processes such as cross-border payments, reducing transaction times and costs.

Possible disadvantages of Blockchain

  • Scalability
    Blockchain networks often face issues with scalability, as the system can become slow and less efficient as the number of transactions increases.
  • Energy Consumption
    Blockchain, especially proof-of-work-based networks like Bitcoin, require substantial computational power, leading to high energy consumption.
  • Regulatory Uncertainty
    The legal and regulatory environment for blockchain technology is still evolving, which can create uncertainty and compliance challenges.
  • Complexity
    Implementing and maintaining a blockchain system can be complex and require specialized knowledge and skills, which might not be readily available.
  • Data Privacy
    While blockchain ensures transparency, it can also be a double-edged sword as the data is publicly accessible, posing privacy concerns for sensitive information.

Analysis of PayPal

Overall verdict

  • PayPal is generally considered a good option for online transactions due to its established reputation, security features, and ease of use. However, some users may experience issues related to customer service, account freezes, or fees, which can impact their experience.

Why this product is good

  • PayPal is a widely recognized and used online payment platform, offering a secure and convenient way to send and receive money. It provides numerous features such as buyer protection, fraud detection, and ease of integration for businesses. Its wide acceptance by online merchants and compatibility with numerous currencies enhance its appeal.

Recommended for

  • Individuals looking for a secure way to make online purchases.
  • Freelancers or small businesses needing a simple payment solution.
  • Online merchants who wish to offer their customers a popular and trusted payment method.
  • International users who need to transact in multiple currencies.

PayPal videos

+ Add

STOP Using PayPal - 5 Reasons You Should Stop Using PayPal in Your Business or On Your Website!

More videos:

  • Review - Why I No Longer Use PayPal · Selling AND Buying
  • Review - is PayPal Credit a Scam | 6 Month Interest Free

Blockchain videos

+ Add

Blockchain Review & Tutorial 2021: Beginners Guide to Blockchain.com

Category Popularity

0-100% (relative to PayPal and Blockchain)

PayPal

Blockchain

Online Payments
100 100%
Online Payments
0% 0
Cryptocurrencies
0 0%
Cryptocurrencies
100% 100
Payment Platform
100 100%
Payment Platform
0% 0
Crypto
0 0%
Crypto
100% 100

User comments

Share your experience with using PayPal and Blockchain. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare PayPal and Blockchain

PayPal Reviews

  1. Sandra-G
    PayPal is cool

    I like PayPal, it has a high security standard. Except when I am the one suffering a chargeback for some flimsy reasons.

Top 5 Payoneer Alternatives [2024]
The best payment method for freelancers varies based on individual needs. Wise and Revolut are excellent for their multi-currency account features and using the mid-market exchange rate, while PayPal is globally accepted and offers instant transfers to other PayPal accounts. Freelancers should consider factors such as transfer speed, fees and currency support when choosing a...
Source: www.exiap.com
Top 5 Payoneer Alternatives for Seamless Online Transactions
PayPal excels in user familiarity and widespread acceptance, making it convenient for both businesses and customers. It offers buyer and seller protection, but comes with potentially higher fees and account limitations compared to Payoneer. Choose PayPal for convenience and buyer trust, Payoneer for potentially lower fees and specialized features.
Source: www.doola.com
What to Use Instead of PayPal? 10 Best PayPal Alternatives
Braintree is a PayPal service, but it is still one of the PayPal alternative payment methods worth considering. There is no monthly fee for using this payment service. Accepting payments from credit or debit cards or digital wallets costs 2.59% + $0.49 per transaction. You can also use Braintree to accept Venmo payments in the United States, but this costs 3.49% + $0.49....
Source: www.podium.com.au
9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]
PayPal provides 24/7 secure transactions of both fiat and cryptocurrencies to its users. Even though it was initially an online payment platform, PayPal added a crypto payment feature in 2020. Its crypto wallet also allows users to directly buy and store cryptocurrencies. PayPal doesn’t charge extra fees for making crypto payments.
Source: coingape.com
The 6 best online payment processing services in 2024
What happens on the customer side? When they visit your website, they'll see the button you've configured. They can then choose to pay with their PayPal balance or any saved payment method on their PayPal account. If they don't have PayPal, they can check out by entering their credit card details (all data is handled securely by PayPal in both cases). Added security measures...
Source: zapier.com

Blockchain Reviews

We have no reviews of Blockchain yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Blockchain seems to be a lot more popular than PayPal. While we know about 511 links to Blockchain, we've tracked only 1 mention of PayPal. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

PayPal mentions (1)

  • Trying to activate PayPal just brings me to PayPal's website.
    (I live in USA) When I go to payments under my shopify account to add paypal as a payment method I am having trouble doing so. I first click activate paypal > activate paypal express checkout which directs me to a "security challenge" (confirm I am not a robot). Then it just brings me to paypals website (paypal.com/us/home). When I sign in nothing happens, I am just on my paypal homescreen. Source: over 2 years ago

Blockchain mentions (511)

  • i lost over $3000 to blockchain.com
    I used blockchain.com back in 2015. I remembered back in the day they gave you a private key for all your addresses. Looks like they don't now with their newer wallets. Source: over 1 year ago
  • i lost over $3000 to blockchain.com
    In blockchain.com u dont actually own the address, you can access your account, but the address is all blockchain property, so they choose which address you have access to and so forth. Source: over 1 year ago
  • best crypto wallet app
    I use blockchain.com as the receiving wallet because they wallet address changes often and some of these ghetto ass sites don't let you withdrawal to the same one more than once. Source: over 1 year ago
  • Older wallet, higher fees?
    So says blockchain.com. Is it true, and if so is there a way to update/replace my Electrum wallet to pay lower fees in the future? Source: over 1 year ago
  • What is your thoughts on SOFI?
    This is anecdotal and I have no idea what it means for SOFI business wise or stock wise moving forward but they just sent me a notice that they are no longer offering any forms of crypto buying or investing and they are selling/giving their current crypto customers to blockchain.com in a few weeks. Source: over 1 year ago
View more

What are some alternatives?

When comparing PayPal and Blockchain, you can also consider the following products

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.

Bitcoin Wallet - Bitcoin Wallet is a mobile application that allows you to send and receive digital currencies.

Payoneer - Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world.

Bitfinex - Bitfinex is the largest and most advanced crypto-currencies trading platform.

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

BitStamp - Provide reliable and easy to use service for companies and individuals to exchange bitcoins.

Loading...