PayPal
PayPal is a global digital payments platform providing secure online money transfers, merchant payment processing, and flexible financing solutions for individuals and businesses to manage transactions across borders.
Splitit
Splitit is a white-label installment payment solution that allows you to offer interest-free monthly payments to your customers using their existing credit cards without requiring new financing applications.
Quick Comparison
| Feature | PayPal | Splitit |
|---|---|---|
| Website | paypal.com | splitit.com |
| Pricing Model | Freemium | Custom |
| Starting Price | Free | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1998 | 2012 |
| Headquarters | San Jose, USA | Atlanta, USA |
Overview
PayPal
PayPal offers a versatile suite of payment solutions that help you send money, accept payments, and manage your business finances globally. Whether you are an online shopper or a business owner, you can link your bank accounts or cards to a secure digital wallet. This allows you to complete purchases without sharing financial details with every merchant, adding a layer of protection to your transactions.
For your business, the platform provides tools to accept credit cards, digital wallets, and local payment methods both online and in person. You can generate professional invoices, set up recurring subscriptions, and access working capital to grow your operations. It scales with you from a side hustle to an enterprise, offering specialized checkout experiences and fraud protection tools to keep your revenue safe and your customers happy.
Splitit
Splitit provides a unique way for you to offer installment payments to your customers without the friction of traditional financing. Unlike other providers, it uses your customers' existing credit card limits to authorize the full purchase amount while only charging the monthly installment. This means your shoppers don't have to fill out new credit applications or face hidden fees, leading to higher conversion rates and larger average order values for your store.
You can integrate the platform directly into your existing checkout flow, maintaining your brand's look and feel throughout the entire process. It supports major credit card networks like Visa and Mastercard, allowing you to reach a global audience. By removing the need for third-party credit checks, you provide a smoother path to purchase that rewards your most loyal, credit-worthy customers.
Overview
PayPal Features
- Smart Payment Buttons Offer your customers their preferred payment methods like credit cards, Venmo, and PayPal Credit with a single, intelligent integration.
- Professional Invoicing Create and send customized invoices to your clients so you can get paid faster and track outstanding balances easily.
- Fraud Protection Monitor your transactions in real-time with AI-driven security tools that help you identify and block fraudulent activity automatically.
- Subscription Management Set up recurring billing cycles for your services to ensure steady cash flow and a better experience for your members.
- PayPal Zettle POS Sync your online and offline sales by using mobile card readers to accept in-person payments at your physical store.
- Global Payouts Send money to employees, freelancers, or vendors in over 200 markets and multiple currencies with just a few clicks.
Splitit Features
- White-Label Integration. Keep your customers on your site with a checkout experience that matches your brand perfectly—no redirects to third-party sites.
- Existing Credit Utilization. Allow your shoppers to use their current credit card limits for installments so they can skip lengthy new credit applications.
- Interest-Free Payments. Attract more buyers by offering 0% interest monthly installments, making high-ticket items much more affordable for your customers.
- Global Reach. Accept payments from customers worldwide using major credit cards like Visa, Mastercard, and UnionPay through a single integration.
- No Credit Checks. Reduce cart abandonment by eliminating the need for hard or soft credit pulls that often scare away potential buyers.
- Flexible Installment Plans. Set up custom payment schedules that work for your business, ranging from 3 to 24 monthly installments for your shoppers.
Pricing Comparison
PayPal Pricing
- No monthly account fees
- Accept PayPal and Venmo
- Basic fraud protection
- Standard invoicing tools
- Online and in-person checkout
- Everything in Standard, plus:
- Keep customers on your site
- Customizable checkout layout
- PCI compliance assistance
- Phone support access
Splitit Pricing
Pros & Cons
PayPal
Pros
- High brand recognition increases customer checkout trust
- Extremely fast setup for new e-commerce stores
- No monthly fees for basic merchant accounts
- Excellent mobile app for managing funds anywhere
Cons
- Transaction fees can be higher than competitors
- Customer support response times vary significantly
- Account holds can occur during sudden growth
Splitit
Pros
- Higher conversion rates for expensive luxury items
- Seamless checkout experience keeps users on-site
- No risk of credit score damage for shoppers
- Easy integration with major e-commerce platforms
Cons
- Full purchase amount temporarily impacts credit limit
- Customer support response times can be slow
- Limited to customers who already have credit cards