2Checkout vs. Payza: A Payment Processing Technology Comparison
As businesses expand, it becomes imperative for them to explore multiple payment processing options. Two popular names in this space are 2Checkout and Payza. Both have their advantages and disadvantages, and choosing one over the other can be challenging without careful consideration.
At Flare Compare, we understand the importance of choosing the right payment processing technology. So, without further ado, let's dive into a detailed comparison of 2Checkout and Payza.
Integration Options
In terms of integration, 2Checkout offers a more extensive range of options. It supports over 100 carts and platforms, including popular services like WooCommerce, Shopify, and Magento. On the other hand, Payza offers a more limited range of integrations, with only 34 supported carts, including WooCommerce, Ecwid, and X-Cart.
Fees
When it comes to fees, both 2Checkout and Payza offer a similar structure. Both platforms charge a fixed percentage of each transaction as a commission fee. However, the commission fee varies depending on various factors like the country and currency used in the transaction.
With 2Checkout, the commission fee ranges from 2.4% to 3.9%. Meanwhile, Payza also has a commission fee that ranges from 2.90% to 3.90%. So, in terms of fees, both platforms come out evenly.
Global Reach
Both 2Checkout and Payza offer global payment processing services. However, 2Checkout has a more significant presence in the international market, with support for transactions in over 200 countries. In contrast, Payza supports transactions in 190 countries.
Transaction Time and Processing Speed
The transaction time and processing speed are crucial factors to consider when weighing payment processing technology options. In this regard, 2Checkout excels with its quick transaction processing and transfer times. On the other hand, Payza's transaction processing and fund transfer times can sometimes be slower than 2Checkout.
The Verdict
From a technical standpoint, 2Checkout has an edge over Payza. However, Payza offers a more straightforward and accessible setup process for new users while still offering reasonable transaction fees. Ultimately, the choice depends on your business's requirements and preferences.
For an extensive range of features like multiple payment gateways and currencies, and more significant implementation options, 2Checkout is the clear winner. But if you're looking for an easy-to-use payment processing technology with reasonable fees, Payza can be a better option.
We hope this comparison helped you make a more informed decision when choosing between 2Checkout and Payza. For more technology comparisons, visit Flare Compare.