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Bancontact Pay vs PayPal
Bancontact Pay and PayPal are both payment receiving platforms. Fees — Bancontact Pay: Free for consumers. PayPal: Fees vary by transaction type and country.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — Bancontact Pay: Free for consumers. PayPal: Fees vary by transaction type and country.
- Both pay out via Bank transfer. Only PayPal offers Debit card.
- PayPal is the older platform — founded in 1998, 17 years before Bancontact Pay (2015).
- Bancontact Pay is based in Belgium, PayPal in United States.
- Bancontact Pay focuses on Belgium, while PayPal operates internationally.
Which should you choose?
Choose Bancontact Pay if…
- You live in Belgium.
Choose PayPal if…
- You want to withdraw via Debit card.
- You prefer a long track record (since 1998).
Side by side
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Bancontact Pay
Belgian mobile payment app to get paid via QR (formerly Payconiq).
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PayPal
The most widely accepted way to get paid online - send an invoice or a PayPal.Me link and receive from almost…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | Free for consumers | Fees vary by transaction type and country |
| Payout speed | — | Standard bank transfer free, Instant Transfer 1.75% (max $25) |
| Withdraw via | Direct bank-to-bank via linked Belgian account | Bank transfer, Debit card |
| Availability | Belgium | 200+ markets |
| Local to | Belgium | — |
| Founded | 2015 | 1998 |
| Headquarters | Brussels, Belgium | San Jose, United States |
| Stock ticker | — | NASDAQ: PYPL |
| Popularity | 48 views · 0 likes | 66 views · 0 likes |
Frequently asked questions
Which is cheaper, Bancontact Pay or PayPal?
Bancontact Pay: Free for consumers. PayPal: Fees vary by transaction type and country.
Where are Bancontact Pay and PayPal available?
Bancontact Pay: Belgium. PayPal: 200+ markets.