Many people are now used to using Online Payment services like PayPal and SumUp. However, most people are unaware of how these online payment services work.
PayPal Here is a service that allows you to pay your bills online, but, SumUp, where users can pay with cash or card using their smartphone. Both PayPal and SumUp may seem exceptionally similar, yet they are different too.
Key Takeaways
- PayPal Here is a mobile point-of-sale system from PayPal, whereas SumUp is a European-based mobile payment solution.
- PayPal Here requires a PayPal Business account, while SumUp operates independently of other financial platforms.
- Transaction fees for PayPal Here vary depending on the type of transaction, while SumUp has a flat fee for all card transactions.
PayPal Here vs SumUp
PayPal Here is an application that enables individuals to use PayPal to complete different transactions and also place orders, but a transaction fee is required. SumUp is a payment service that allows individuals to perform transactions using cryptocurrencies such as Bitcoin, Ethereum, and Shib.
PayPal offers two payment services that are Paypal There and PayPal Here. With PayPal There it’s possible to make multiple payments per day on behalf of your customers without incurring fees or charges.
With Paypal Here, there are no fees for this service unless you’re making more than 200 payments in any 30 days. Moreover, these services can be accessed on a computer or can directly use smartphones to pay.
SumUp users can pay with cash or a card using their smartphone. Moreover, with SumUp, anybody can easily transfer money at any time, anywhere in the world, effortlessly.
SumUp is a site where you can pay friends, family, or any stranger on the street where the money is given on the spot to the recipient using your phone’s camera.
Comparison Table
| Parameters of Comparison | PayPal Here | SumUp |
|---|---|---|
| Definition | PayPal Here is an app allowing users to use it to complete transactions and place orders. | SumUp is a little different from other payment services because it isn’t restricted to certain people who are willing to accept payments in cash or by card. |
| Website | PayPal | SumUp |
| Payments | It is supported by Google Pay and Apple Pay | Google Pay supports it. |
| Clearance | Within a few hours. | With 1-2 working days. |
| Transaction fee | Yes | No |
What is PayPal Here?
PayPal Here is a company with a variety of payment options and services. PayPal Here is also an app that allows its users to use PayPal to complete transactions, place orders, or send money through the app.
It provides the security of PayPal’s network through the app itself, meaning that no information leaves the phone.
It is available for iPhone and Android devices as well as web browsers. This has made it an attractive solution for people looking to transact in person or who cannot find other alternative methods of transacting on their mobile devices.
PayPal Here also integrates with other PayPal services, allowing you to create invoices you can send customers. This makes it easy for businesses to accept digital payments or credit card payments.
Furthermore, the app is useful for people who want to order takeout and pay through their phones. PayPal Here is only accessible through an internet browser.
PayPal Here was founded in 2011 by some PayPal employees who decided it would be a good idea to allow people to transact on their phones or tablet.
The app immediately became popular among workers in the food delivery business since it made it easier for customers, and customers could order directly through this app.
PayPal Here can be used for businesses that could also use it to process orders and payments because you could create a PayPal Here account to replace your business’s regular bank account, meaning that you can accept payments through a third party without having to give out your bank information.
What is SumUp?
SumUp is a global cashless and instant payment service that lets you pay anyone in the world with your mobile phone and in real-time using cryptocurrencies such as Bitcoin, Bitcoin Cash, and Bitcoin Gold.
SumUp is not a bank or a payment processor that never holds funds where a person can completely control the access of the money, and that’s why it offers high-quality services such as instant transfer, 100% secure payment, and 24/7 customer support.
SumUp is a little different from other payment services because it isn’t restricted to certain people who are willing to accept payments in cash or by card.
By SumUp, anyone can easily transfer money at any time, wherever you are in the world, effortlessly within seconds, however in some countries, you will have to pay a transaction fee to receive money if the receiver is not a SumUp user.
The recipient of SumUp users must have at least one of these cryptocurrencies, such as Bitcoin, Bitcoin Cash, and Bitcoin Gold, in their wallet to be able to receive money from you.
Moreover, SumUp users can pay with cash or card the spot to the recipient using their phone’s camera.
Main Differences Between PayPal Here and SumUp
- PayPal Here is an app that allows its users to use PayPal to complete transactions, and place orders, whereas, SumUp is a little different from other payment services because it isn’t restricted to certain people who are willing to accept payments in cash or by card.
- PayPal offers payment services such as PayPal Here, whereas, SumUp offers payment services such as SumUp payments.
- Payments of PayPal Here are supported by both Google Pay, Apple Pay, and cards, whereas Google Pay and cards support payments of SumUp.
- Payments clearance of PayPal Here can be done within a few hours, whereas payments clearance of SumUp can be done within 1-2 days.
- A transaction fee is present for PayPal Here, whereas there is no transaction fee for SumUp.
- https://link.springer.com/chapter/10.1007/978-3-658-06011-4_6
- https://www.degruyter.com/document/doi/10.1515/9781547401055-006/html
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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.
