Introduction
Living in the digital age, payment processing technology has become one of the most important aspects of conducting business online. Merchants need to choose a payment processing solution that is fast, secure, and affordable. Today, we are going to compare two popular payment processing platforms, Xsolla and PayPal. Buckle up and let's compare!
Features
Xsolla
Founded in 2006, Xsolla is a payment processing platform that caters to video game developers and publishers. Xsolla offers a range of payment methods, including credit and debit cards, e-wallets, and prepaid cards. Additionally, Xsolla provides anti-fraud tools to protect merchants from fraudulent transactions. Xsolla also offers customizable checkout pages and in-game purchase options.
PayPal
PayPal is one of the oldest and most widely used payment processing platforms. PayPal offers a range of services, including payment processing, international money transfers, and credit services. PayPal accepts all major credit and debit cards, as well as bank transfers. PayPal also offers a range of security features, including buyer and seller protection, encryption, and fraud monitoring.
Fees
Like PayPal, Xsolla operates on a transactional fee basis. However, the rates differ depending on the payment method. Let's take a closer look:
Xsolla
- Credit cards: 3.5% + $0.20 per transaction
- Debit cards: 2.5% + $0.30 per transaction
- E-wallets, prepaid cards, and mobile payments: 5% + $0.10 per transaction
- Bank transfers: $6 per transaction
PayPal
- Credit cards: 2.9% + $0.30 per transaction
- Debit cards: 2.9% + $0.30 per transaction
- International payments: 4.4% transaction fee plus a fixed fee based on the currency received
- Micropayments: 5% + $0.05 per transaction
From these rates, we can see that Xsolla has a slightly higher transaction fee for credit cards, while PayPal's fee for international payments is higher.
Integration
Xsolla
Being optimized for the Video Gaming Industry as a Payment Solution provider. Xsolla's quick and easy game-centric integrations set it apart from competitors that offer a similar solution. Developers can use existing game clients to work with Xsolla’s standalone API using a simple but full-featured user interface. It supports over 700 payment methods, which include credit cards, debit cards, e-wallets, cryptocurrencies, and localized payment options.
PayPal
PayPal also offers easy integration with major e-commerce platforms, including Shopify, Magento, WooCommerce, and Squarespace. PayPal also offers a range of developer tools, including APIs, SDKs, and plugins, that allow for deeper integration. Merchants can also customize the look and feel of their checkout pages to match their brand.
Conclusion
Xsolla and PayPal are both excellent payment processing solutions that offer a range of features, integrations, and competitive fees. Xsolla is optimized to cater Video Gaming developers, and PayPal, on the other hand, appeals to all industries. The choice between Xsolla and PayPal ultimately depends on the specific needs of your business.
Our job today is just to provide unbiased information, and we hope that this comparison has been helpful in making that decision. Hopefully, the only thing that separated you from picking one of these platforms was the fee structure, naturally!
References
- Xsolla. (2022). Home page. https://xsolla.com/
- PayPal. (2022). Home page. https://www.paypal.com/us/home