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PayPal vs Winvesta: Which is Better for Businesses in 2024?

Learn which payment platform is better suited for your business.

3 minutes read

PayPal vs Winvesta: Which is Better for Businesses in 2024?

Receiving international payments through bank transfers can cause a lot of frustration. Banks take a long time to transfer money, and on top of that, they charge exorbitant fees. Countless businesses have to deal with this headache. There is a solution to these problems – fintech companies. PayPal and Winvesta have emerged as the saviours in this situation, making the payment process much easier. To determine the best payment solution, read this comparison article.


PayPal is a versatile payment platform. It offers many benefits that make it an excellent choice for users. Not only can you receive payments, but you can also make payments and transfer funds between other PayPal wallets. This user-friendly platform caters to a wide range of businesses, making it a popular choice worldwide.

1. Customer-focus

PayPal gained popularity among individuals for its ease of sending and receiving money. However, it has since expanded its services to accommodate the needs of businesses. PayPal offers a range of business-specific features and tools, such as invoicing, payment processing solutions, and integration options for e-commerce websites. PayPal also provides business-oriented services like reporting and analytics to help businesses track and analyze their transactions.

2. PayPal’s fees

PayPal allows you to receive money from a wide range of currencies, making it convenient for international transactions. It supports receiving payments in various currencies. This allows users to receive funds from clients and customers worldwide.

PayPal applies its own exchange rate, which may include a margin on top of the mid-market rate. While PayPal aims to provide competitive rates, it’s important to note that the exchange rate offered by PayPal may not always be identical to or as favourable as the mid-market rate.

One of the potential drawbacks of using PayPal is the transfer fees. PayPal charges a fee of 4.40% of the transaction amount and a fixed fee that depends on the client’s or sender’s location. Users may also incur an exchange rate fee when converting funds from one currency to another within PayPal.

However, it’s worth noting that PayPal does not impose monthly or setup fees. This makes it a viable option for businesses that prefer to avoid committing to a monthly payment platform and instead pay fees only when they receive payments. You can also download your Monthly Digital FIRA directly from your PayPal Business account every month at no cost.

3. Time Taken to receive money through PayPal

PayPal provides the convenience of instant transfers to eligible bank accounts and debit cards. However, it’s important to note that standard transfers may take up to 5 business days to process. This processing time can be a drawback if you require immediate access to your funds.

4. Country Coverage

PayPal offers its services in more than 200 countries and regions. It’s recommended to check PayPal’s official website or contact customer support for the most up-to-date information on country coverage.

5. Customer Support

PayPal offers customer service through email, phone, and live chat. The quality of their customer service can vary, but they address their user concerns efficiently. They have a comprehensive Help Center on their website, providing self-help resources.


Winvesta’s goal is to help businesses receive their international payments. If you’re in India or in the UK, they will provide virtual multi-currency accounts, a cost-effective solution to reduce transaction costs. With a virtual multi-currency account, you’ll get your own US ACH, UK account number, Euro IBAN, and CAD receiving account.

1. Winvesta’s fees

Winvesta caters to Indians who receive payments from other countries. They don’t charge fees for signing up, maintaining your account, or receiving wire transfers. This benefits freelancers and businesses, allowing them to receive client payments easily. You can also withdraw funds starting at 0.99% without any hidden charges. Winvesta provides a complimentary FIRA for each payment and doesn’t impose extra GST charges. Additionally, conducting more transactions with Winvesta might result in even better rates for you.

2. Time taken to receive money through Winvesta

You can receive money through Winvesta in as little as 1 day. The speed of payment depends on the currency, country, and mode of payment (regular/priority). You will see an expected settlement date when you create a payment. Your INR payments will be credited within 1-3 business days. If our banking partner needs additional details regarding your transaction, it may take additional time to complete.

3. Locations covered

Winvesta helps Indian businesses and freelancers to receive payments from over 180 countries in over 37 currencies, with lower fees and quick conversion options.

4. Customer Support:

Winvesta ensures customer satisfaction. They have a dedicated team available to answer questions and address any concerns. This team helps customers with queries, resolves account issues and provides guidance. They go the extra mile to deliver excellent service and meet their customers’ needs.

PayPal vs Winvesta: Case Study


Which payment platform is better in 2023?

PayPal and Winvesta are both popular payment platforms for international transactions. However, they have different strengths and weaknesses.

PayPal is a well-known and trusted brand that offers a convenient and easy-to-use platform. However, it can be more expensive than other options and take several days to receive payments.

Winvesta is a newer platform that offers lower fees and faster processing times.

Ultimately, the best payment platform for you will depend on your specific needs. If you want a well-known and trusted brand with a convenient platform, then PayPal is a good option. However, if you want to keep costs low and receive your payments quickly, Winvesta is a better choice.


When it comes to choosing between PayPal and Winvesta for receiving international payments, it ultimately depends on your specific needs. Despite higher fees and longer processing times, PayPal is a reliable option if you prioritise convenience and familiarity. On the other hand, if you prefer cost-effectiveness, quick payment settlements, and personalized support, Winvesta provides a compelling alternative. Evaluate your priorities and consider the factors discussed in this article to make the best choice for your business.

Disclaimer: The article includes references to PayPal, which own its own trademark.