Software Alternatives, Accelerators & Startups
Register | Login

PayPal VS Instamojo

Compare PayPal VS Instamojo and see what are their differences

Bill.com
Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform. 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

Instamojo logo Instamojo

Instamojo helps you setup a Payment Gateway in India for Free Online. Collect Payments on your Website, Mobile App, via Social Media, eMail, SMS & more!
  • PayPal Landing page
    Landing page //
    2023-10-20
  • Instamojo Landing page
    Landing page //
    2023-04-24

PayPal

Website
paypal.com
Pricing URL
Official PayPal Pricing
Release Date
-
Edit details

Instamojo

Website
instamojo.com
Pricing URL
Official Instamojo Pricing
Release Date
2012 January
Startup details
Country
India
State
Karnataka
City
Bengaluru
Founder(s)
Aditya Sengupta
Employees
100 - 249
Edit details

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.

Instamojo features and specs

  • Ease of Use
    Instamojo offers a user-friendly interface, making it easy for businesses, especially small and medium enterprises, to set up and manage their online payments without needing technical expertise.
  • Wide Range of Payment Options
    Instamojo supports a variety of payment methods including credit/debit cards, net banking, UPI, and wallets, providing flexibility to customers and increasing the likelihood of successful transactions.
  • Integration Capabilities
    The platform can be easily integrated with websites, mobile applications, and other third-party services, allowing businesses to seamlessly incorporate payment processing into their existing systems.
  • No Initial Setup Fee
    Instamojo does not charge any initial setup fees, making it an attractive option for startups and small businesses looking to minimize upfront costs.
  • Additional Business Tools
    In addition to payment processing, Instamojo offers a range of tools for business analytics, marketing, and customer engagement, providing added value to merchants.

Possible disadvantages of Instamojo

  • Transaction Fees
    Instamojo charges a transaction fee on each payment processed, which may be considered high for some businesses, affecting their overall profit margins.
  • Limited International Support
    The platform primarily targets the Indian market, and while it does allow for some international transactions, its global support is not as robust as some other payment processors.
  • Payout Delays
    Some users have reported delays in receiving payouts, which can be a concern for businesses that rely on steady cash flow.
  • Customer Service Issues
    Feedback from users indicates that customer service can be slow to respond at times, which can be a problem when needing immediate assistance or support.
  • Feature Limitations
    While Instamojo provides a variety of tools, some advanced features available on other platforms might be missing or need enhancements, potentially necessitating additional resources for growing businesses.

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

Instamojo videos

+ Add

Instamojo Review: Create Your Own Online Store to Sell Any Product (2018)

More videos:

  • Review - My Earning Proofs Revealed​ From E-book Sale On Instamojo! Kitna Paisa??
  • Tutorial - Instamojo 👉🏻 How to create Instamojo Payment Gateway account and collect online payment free

Category Popularity

0-100% (relative to PayPal and Instamojo)

PayPal

Instamojo

Online Payments
100 100%
Online Payments
0% 0
eCommerce
0 0%
eCommerce
100% 100
Payment Platform
100 100%
Payment Platform
0% 0
eCommerce Platform
0 0%
eCommerce Platform
100% 100

User comments

Share your experience with using PayPal and Instamojo. 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 Instamojo

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

Instamojo Reviews

5+ Best Payoneer Alternatives For Freelancers & Businesses
If you are an Indian freelancer, service provider, or business owner, you’d love Instamojo. It is an all-in-one platform for selling products & services online that also provides a payment gateway.
Source: digitalmarketingtipsy.com
9 Best Payoneer Alternatives for Freelancers | 2022
Notably, the platform offers an all-in-one platform for selling products and services online providing a payment gateway. With Instamojo, you can build your online business but better for freelancers is being able to receive payments through its payment gateway and links. The platform allows you to embed a “Pay” button on your website with just a single line of code making...
Source: www.digitalgondola.com
Payment Gateways for marketplaces: Paytm Vs Razorpay Vs Instamojo
Razorpay agreed to stop sending emails but Instamojo said they can't. I don't use Instamojo anymore.
Source: www.linkedin.com
Top 8 payment gateways for your ecommerce business
The ones looking for reliable names, CCAvenue, PayU and DirecPay are worth considering. CitrusPay appears to be one of the best too, bearing in mind that the company scaled up in just few years. For quick approvals and hassle free paperwork, Zaakpay and Instamojo sounds good, although Zaakpay’s merchant support service is quite slow in addressing and resolving issues. Atom...
Source: indianonlineseller.com

Social recommendations and mentions

Based on our record, PayPal seems to be more popular. It has been mentiond 1 time since March 2021. 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

Instamojo mentions (0)

We have not tracked any mentions of Instamojo yet. Tracking of Instamojo recommendations started around Mar 2021.

What are some alternatives?

When comparing PayPal and Instamojo, 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.

Shopify - Shopify is a powerful ecommerce platform that includes everything you need to create an online store and sell online. Try it free for 14 days.

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

Dukaan - Dukaan is the easiest way to start, run and grow your online business.

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.

BuildMyMart - Easy, affordable and impactful ecommerce

Loading...