PayPal and ZipPay are the two types of payment methods that are used to pay bills and instalments in the online mode.
Nowadays, the billing or payment system has taken a great toll on the online mode; in other words, people prefer the cashless mode of payment as it is convenient and it saves a lot of time.
People are not required to carry a huge amount of cash from payments, and they are not required to run to the ATMs to withdraw cash for any kind of payment.
In short, these are digital payment methods. Even though both PayPal and ZipPay are online payment methods/applications that have many similarities, at the same time, they differ from each other.
Key Takeaways
- PayPal is a global online payment platform, while ZipPay is an Australian buy-now-pay-later service.
- PayPal offers broader services, including online transactions, invoicing, and international payments.
- ZipPay focuses on allowing customers to make purchases and pay over time without interest.
PayPal vs ZipPay
Paypal is a leading multinational company for money transactions. It is popularly used around the world to pay bills and transfer money, but it comes with extra charges for availing of the app’s services. Zippay is a leading financial company used for mobile payments. It does not charge users for availing the app’s services.
PayPal is a multinational company in financial technology that enables its users to use the online payment method for any kind of online mode.
This financial company is situated in America. PayPal services charge some amount of money or fee for the usage of their services.
Also, it is one of the leading multinational financial companies that has grown its boundaries in various website categories.
On the other hand, ZipPay is also a multinational company in fintech that is used to pay bills or instalments or for any transactions in the online mode.
It is situated in Australia. The ZipPay service does not charge any money for its usage, hence, it is free of cost. ZipPay has no leading role or is not concluded among the top financial companies in any category of the various websites.
Comparison Table
| Parameters of Comparison | PayPal | ZipPay |
|---|---|---|
| Definition | PayPal is an MNC that enables its users to use the online payment method for any kind of transaction digitally, but it charges fees for its services. | ZipPay is also a multinational company of financial technology that is used to pay bills or instalments, or for any kind of transactions in the online mode, but it does not charge any kind of fee for its services. |
| Headquarters | The headquarters of PayPal is situated in San Jose, California, United States. | The headquarters of ZipPay is situated in New South Wales, Australia. |
| Establishment | PayPal was founded in the year 1998. | The ZipPay was founded in the year 2013. |
| Extra Charges or Fee | PayPal charges an extra amount of money or fee for the usage of its services. | The ZipPay does not charge any money for the usage of its services. Therefore, it is free of cost. |
| Ranking in Various Websites | PayPal is one of the leading or top financial technology companies on various websites. | ZipPay is not the top financial technology company on any website. It is not even counted in the list. |
| Names of the Countries, where the respective companies are leading | PayPal is the topmost financial company in the United Kingdom, United States, Italy, Germany, and many other 158 countries. | ZipPay is not included in any the-most financial companies in any country. |
What is PayPal?
PayPal is a financial company that provides people with the services of transacting money through their online payment mode system. It helps people to pay their bills and instalments easily through their application.
PayPal’s headquarters is situated in San Jose, California, United States. It was founded in the year 1998. Also, the PayPay application charges some amount of money or fees for its services.
PayPal is considered one of the leading financial technology companies for its amazing features and services. It also does not charge any kind of interest or monthly fees to its customers.
One main benefit or advantage of PayPal is that it is accepted and used in most places. It provides its transaction service without any limitation to its customers if their account is verified by PayPal.
PayPal is concluded as the most used service for traction on many websites, and hence, it is considered the leading payment system.
It is also ranked top used payment system in various countries such as the United Kingdom, United States, Italy, Germany, and many other 158 countries.
PayPal requires some eligibility to open an account on their application, and this includes being 18 years old and not less than that, Next, it requires to be a permanent resident of the respective country the customer lives, a valid address, phone number, etc.
What is ZipPay?
ZipPay is also one of the most used payment methods that is used for online payment or transitioning money. This application is widely used by many people.
It has a plus point in its services that it does not charge any money or not even a single penny for the usage of its services. Hence, it is loved for this tractioning quality.
The headquarters of ZipPay is situated in New South Wales, Australia. It was founded recently in the year 2013.
Even though ZipPay is widely used by many people, it is still not considered among the top online payment applications in any country.
It was recently set up in 2013 and is still growing its boundaries in various countries. Also, one thing that a customer of ZipPay should keep in mind is that it has some limitations for Transacting money.
ZipPay also charges some amount of penalty as of the 21 days of the policy of not paying the minimum money. It does not charge any interest to the customers.
Its eligibilities include an average age of 18 years, being a permanent resident of Australia, having a valid Facebook account and PayPal account, etc.
Main Differences Between PayPal and ZipPay
- PayPal is a multinational company of financial technology that enables its users to use the online payment method for any kind of transactions in the online mode, but it charges a fee for its services. On the other hand, ZipPay is also a multinational company of financial technology that is used to pay bills or instalments or for any kind of transactions in the online mode, but it does not charge any kind of fee for its services.
- The headquarters of PayPal is situated in San Jose, California, United States. On the other hand, the headquarters of ZipPay is situated in New South Wales, Australia.
- PayPal was founded in the year 1998. On the other hand, the ZipPay was founded in the year 2013.
- PayPal charges an extra amount of money or fee for the usage of its services. On the other hand, ZipPay does not charge any money for the usage of its services. Therefore, it is free of cost.
- PayPal is one of the leading or top financial technology companies on various websites. On the other hand, ZipPay is not the top financial technology company on any website. It is not even counted in the list.
- PayPal is the topmost financial company in the United Kingdom, United States, Italy, Germany, and many other 158 countries. On the other hand, ZipPay is not included in any of the financial companies in any country.
- https://onlinelibrary.wiley.com/doi/abs/10.1111/dar.13025
- https://www.rba.gov.au/publications/bulletin/2021/mar/developments-in-the-buy-now-pay-later-market.html
Last Updated : 24 August, 2023
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Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
This article is an insightful comparison of Paypal and ZipPay. It’s great to know about the differences and similarities of these two widely used online payment methods.
Yes, very informative! It’s essential to understand how these different payment systems work and their advantages and disadvantages.
The article provides an excellent overview of the functionalities and services of PayPal and ZipPay. It’s beneficial for consumers and businesses to have this information.
I particularly enjoyed the section about the ranking of PayPal and ZipPay in various countries. It gives a global perspective on their market presence.
Indeed, the comparison highlights the key differences and similarities between PayPal and ZipPay, offering valuable insights for users of these platforms.
The comparison of PayPal and ZipPay was well-written and provides essential information about both payment systems. It’s a helpful resource for anyone seeking to understand their features and differences.
I completely agree, Hannah. The article serves as a comprehensive guide to the functionalities and reputations of PayPal and ZipPay in the financial technology industry.
The article provides a thorough comparison of PayPal and ZipPay, shedding light on their services and market presence. It’s an insightful read for those interested in digital payment methods.
Absolutely, Christopher. The comparison table is particularly helpful in understanding the distinct features of PayPal and ZipPay.
I found the in-depth analysis of PayPal and ZipPay to be very informative. It effectively highlights their differences and offerings.
The detailed comparison of PayPal and ZipPay was very enlightening. It’s always beneficial to have a clear understanding of the services we use for financial transactions.
I appreciate the detailed comparison and analysis of the features of PayPal and ZipPay. It’s very helpful for online shoppers and businesses.
Absolutely, the article provides a comprehensive understanding of the functionalities and benefits of both PayPal and ZipPay.
I found the comparison table to be very informative and easy to understand. This will certainly help individuals and businesses in choosing the right payment method for their needs.
The article offers a detailed and balanced comparison of PayPal and ZipPay. It’s a valuable resource for those looking to make informed decisions about their online payment methods.
I disagree with the comparison of PayPal and ZipPay. It is too simplistic and does not address the complexities of their offerings and market presence.
I see your point, Sean. It would be helpful to further explore the competitive advantages and disadvantages of PayPal and ZipPay in the online payment industry.