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Nequi vs PayPal
Nequi and PayPal are both payment receiving platforms. Fees — Nequi: No maintenance fee, free withdrawals at Bancolombia. PayPal: Fees vary by transaction type and country.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — Nequi: No maintenance fee, free withdrawals at Bancolombia. PayPal: Fees vary by transaction type and country.
- Both pay out via Bank transfer. Only Nequi offers ATM and correspondent agents. Only PayPal offers Debit card.
- PayPal is the older platform — founded in 1998, 18 years before Nequi (2016).
- Nequi is based in Colombia, PayPal in United States.
- Nequi focuses on Colombia, while PayPal operates internationally.
Which should you choose?
Choose Nequi if…
- You want to withdraw via ATM and correspondent agents.
- You live in Colombia.
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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Nequi
A Colombian digital wallet where users receive payments, transfer, and pay merchants.
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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 | No | Yes |
| Fees | No maintenance fee, free withdrawals at Bancolombia | Fees vary by transaction type and country |
| Payout speed | — | Standard bank transfer free, Instant Transfer 1.75% (max $25) |
| Withdraw via | ATM, correspondent agents, bank transfer | Bank transfer, Debit card |
| Availability | Colombia | 200+ markets |
| Local to | Colombia | — |
| Founded | 2016 | 1998 |
| Headquarters | Medellin, Colombia | San Jose, United States |
| Stock ticker | — | NASDAQ: PYPL |
| Popularity | 45 views · 0 likes | 51 views · 0 likes |
Frequently asked questions
Which is cheaper, Nequi or PayPal?
Nequi: No maintenance fee, free withdrawals at Bancolombia. PayPal: Fees vary by transaction type and country.
Where are Nequi and PayPal available?
Nequi: Colombia. PayPal: 200+ markets.