#Paypal credit card fee send money free

For personal use, PayPal also offers the ability to open credit cards, debit cards and prepaid cards and to pay for purchases with installments. PayPal allows people to exchange money without revealing their personal financial information, like their credit card number or their bank account. If you’re looking to send or request money from family and friends, PayPal has the ability to do that both through a desktop version and the app. Here are the main features of each platform for both personal and business use. While they are not as robust as some of the dedicated credit card processing services available from many vendors, they still work for smaller teams with minimal payment processing needs.

Meanwhile, Venmo specifically focuses on peer-to-peer payments, with some recent features that can support business owners, like a separate business profile on your existing Venmo account. Overall, PayPal is a more versatile payment platform that works both for peer-to-peer payments and for business owners to send and receive payments. Here’s our review and comparison to help you determine the best option for your business. Venmo and PayPal are two of the largest payment services available. The better-suited platform for your company will help ensure your transactions are smooth, and that your customers follow through on their purchases.

#Paypal credit card fee send money free

Both are free to set up and easy to use and, while there are some similarities-Venmo was acquired by PayPal in 2013-their differences outweigh their similarities.

PayPal and Venmo are two of the most popular payment platforms.