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PayPal

Secure and convenient online payment platform

Rating

4/5

My Cost

$0 + fees/mo

Time Saved

~3h/week

Website

Visit →

A widely accepted and secure online payment platform that streamlines transactions for businesses.

What It Does

PayPal facilitates online payments and money transfers, making it easy for solo builders to receive payments and send payments worldwide. It's a platform that handles the complexities of managing payments, allowing you to focus on your business.

Why Solo Builders Use It

  • Enables easy integration with various platforms and services.
  • Provides robust seller protection and buyer guarantees, reducing risks.
  • Saves time by reducing payment processing friction.
  • Pricing

    Free to sign up, with transaction fees applying to each transaction. The exact fee varies depending on the type of transaction and your location.

    Verdict

    PayPal is an essential tool for solo builders handling international transactions, despite its fee structure.

    Pros

  • Widely accepted payment method, integrates easily with many platforms.
  • Simplifies online transactions and reduces the friction for customers.
  • Robust payment protection and seller guarantees.
  • Cons

  • Transaction fees may be higher compared to some alternatives.
  • Can experience delays with payouts in certain regions.
  • Alternatives

  • Stripe — offers lower transaction fees and strong developer tools.
  • Square — another solid choice for in-person and online payments.
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