← Back to PayMongo
Compare
PayMongo vs Tap Payments
PayMongo and Tap Payments are both card processing platforms. On a $1,000 payment you keep about $965–$975 on PayMongo and $972.50 on Tap Payments, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $965–$975 on PayMongo and $972.50 on Tap Payments, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer.
- Tap Payments is the older platform — founded in 2013, 6 years before PayMongo (2019).
- PayMongo is based in Philippines, Tap Payments in Kuwait.
Which should you choose?
Choose Tap Payments if…
- You prefer a long track record (since 2013).
Side by side
PayMongo
A Philippine payments platform letting businesses accept cards, e-wallets, and bank transfers.
Visit
|
Tap Payments
A MENA payment gateway letting businesses accept cards and local methods across the Gulf.
Visit
|
|
|---|---|---|
| Type | Card processing like Stripe | Card processing like Stripe |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | Cards 3.5% + PHP 15, e-wallets ~2.5-3% | ~2.75% standard cards |
| Payout speed | Standard settlement in 2 to 7 days, or instant settlement to PayMongo Wallet for a fee | Automatic settlement to bank by default, manual dashboard payouts on request, timing not published |
| Withdraw via | Bank payout ~T+1 | Bank transfer ~T+3 |
| Availability | Philippines | United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Egypt |
| Local to | Philippines | Kuwait, Saudi Arabia, United Arab Emirates, Egypt |
| Founded | 2019 | 2013 |
| Headquarters | Manila, Philippines | Kuwait City, Kuwait |
| Popularity | 46 views · 0 likes | 50 views · 0 likes |
Frequently asked questions
Which is cheaper, PayMongo or Tap Payments?
On a $1,000 payment you keep about $965–$975 on PayMongo and $972.50 on Tap Payments, before withdrawal or currency-conversion costs.
How fast do PayMongo and Tap Payments pay out?
PayMongo: Standard settlement in 2 to 7 days, or instant settlement to PayMongo Wallet for a fee. Tap Payments: Automatic settlement to bank by default, manual dashboard payouts on request, timing not published.
Where are PayMongo and Tap Payments available?
PayMongo: Philippines. Tap Payments: United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Egypt.