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Splitit VS PayPal

Compare Splitit VS PayPal and see what are their differences

Splitit

Splitit is a solution that enables consumers to pay for their Retail or Web purchases using their existing credit cards and divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualif…

Rating
0 reviews
Alternatives Is it good?
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

Rating
3.0 · 2 reviews
Alternatives Is it good?
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Which is more popular?

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

social mentions
0 vs 1
Online Payments popularity
6% vs 94%
alternatives listed
65 vs 240+

Base details

Website, pricing, platforms and company facts side by side.

Splitit
PayPal
Website splitit.com paypal.com
Pricing
Official pricing
Official pricing
Company — Startup from the United States
Listed in
Business & Commerce Online Payments Buy Now Pay Later Office & Productivity +1
Online Payments Payment Platform eCommerce Tools Recurring Payments +1

Features and specs

What each product offers, as listed by its team.

Splitit 4 features
PayPal 6 features
  • Interest-Free Payments
    Splitit allows customers to pay in installments without charging any interest, making it an attractive option for those looking to spread costs over time.
  • No Credit Check
    Splitit does not require a credit check to use its services, which can be beneficial for individuals who have a limited credit history or want to avoid impacting their credit score.
  • Easy Integration
    For merchants, Splitit offers easy and seamless integration with their existing payment systems, allowing them to offer flexible payment options to customers without significant technical overhead.
  • Increase in Sales
    By offering a payment plan, Splitit can potentially increase sales for merchants as customers are more likely to make larger purchases when they can spread out payments.

Possible disadvantages

  • Credit Card Requirement
    Customers must have a credit card with sufficient available credit to cover the full amount of the purchase, which might restrict some users from using the service.
  • Hold on Credit Amount
    While using Splitit, the customer's credit card will have a hold placed on the full amount of the purchase, potentially reducing their available credit.
  • Limited Market Presence
    Splitit's availability might be limited depending on the region, meaning not all merchants or customers can access its services globally.
  • Dependence on Card Issuers
    The service's operation depends on agreements with card issuers and networks, which may create dependency issues if partnerships change or end.
  • 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

  • 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.

Analysis

An editorial look at what each product does well and who it suits.

Splitit
PayPal

Overall verdict

  • Splitit is considered a good option for those looking to split payments without taking on additional debt or interest. The service can be especially appealing to consumers who want to budget for larger purchases without impacting their credit rating. However, it's important to ensure that the merchant you're purchasing from supports Splitit.

Why this product is good

  • Splitit offers a unique payment solution that allows consumers to pay for purchases over time using their existing credit cards, without incurring interest or fees. This can be beneficial for managing cash flow and making larger purchases more affordable. Additionally, because Splitit's method doesn't involve opening a new line of credit, it avoids affecting the user's credit score.

Recommended for

  • Consumers who prefer interest-free payment plans
  • Individuals looking to manage cash flow efficiently
  • Shoppers who want to avoid impacting their credit score
  • People making larger purchases who prefer to spread the cost over time

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.

Videos

Walkthroughs and reviews on video.

Splitit 3 videos + Add
PayPal 3 videos + Add

SPLITIT GOES GLOBAL WITH MASTERCARD DEAL 💳

More videos

  • - 3 PROBLEMS with buy now pay later. Afterpay, Zip Pay, Splitit etc.
  • - How Does Splitit Work for Shoppers?

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

More videos

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

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Splitit
PayPal
6% 6%
Online Payments
94% 94%
100% 100%
Business & Commerce
0% 0%
0% 0%
Payment Platform
100% 100%
100% 100%
Office & Productivity
0% 0%

User comments

Share your experience with using Splitit and PayPal. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Splitit no reviews yet
PayPal 3.0 · 2 reviews

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

  • PayPal: More Frustrating Than Useful These Days
    SaaSHub review
    · Jan 2026

    I used PayPal for years, but lately it’s been one of the most frustrating payment services I’ve dealt with. Their customer support feels almost nonexistent — long wait times, scripted replies that don’t solve...

  • The 8 Best Payment Processing Systems
    gocardless.com · Oct 2025

    You’re probably already familiar with PayPal, but this popular service deserves to be on the list of the best payment processing companies for its ease of use and ubiquity. It’s a good choice for small businesses...

  • Top 5 Payoneer Alternatives [2024]
    www.exiap.com · Jun 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...

View more

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Splitit 0 mentions
PayPal 1 mention

Tracking Splitit since Mar 2021.

  • 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"... Source: over 3 years ago

Alternatives to Splitit and PayPal

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

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