Key benefits and differences between Paypal Business and Stripe Express
Heallist integrates both Stripe and PayPal as payment options for clients and healers, providing flexibility based on individual needs. Each payment provider has a unique setup, making it important for healers to choose based on specific priorities like cost, speed of payments, and user experience. Heallist acts as an intermediary, managing transactions between clients and healers but allows healers to directly receive payouts from the provider they choose.
Supported Countries and Integrations
- Countries Supported:
- PayPal operates in over 200 countries, making it an excellent choice for international healers with clients worldwide.
- Stripe is available in 47 countries, primarily in North America, Europe, and parts of Asia.
- Account Requirements and Setup:
- PayPal requires a PayPal Business account to connect to Heallist. If you currently have a personal account, you’ll need to switch, which is free and easy to set up. Once integrated, PayPal allows clients to pay using PayPal, Venmo, or major credit cards.
- Stripe requires users to set up a Stripe Express account, which supports direct deposits and provides an easy-to-navigate dashboard for account management. Both PayPal and Stripe can be set up in a few clicks by providing basic personal information and connecting a bank account for direct deposits.
Fees
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Stripe Fees: Stripe charges 2.9% + $0.30 per transaction for standard online credit card payments. There are no monthly fees, and additional costs apply only for features like international payments and instant payouts, making it a cost-effective choice for healers.
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PayPal Fees: PayPal’s domestic transaction fees in the U.S. are approximately 3.49% + $0.49 per transaction. However, fees are generally higher for currency conversions and cross-border transactions, which may impact healers working primarily with non-U.S. clients.
Always refer to Stripe and PayPal’s official resources for the most current fee structures, as they can change frequently.
Payout Timelines
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PayPal provides instant payouts to your PayPal balance, which can then be transferred to your bank, typically within 1–3 business days based on your bank’s processing time.
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Stripe offers a standard payout schedule of 2 business days for U.S. users and up to 7 days for users in other regions. Instant payouts are available for an additional fee.
Additional Considerations
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Stripe is ideal for healers who prioritize a seamless experience directly on Heallist with lower fees and frequent transactions, especially within the U.S. It also provides a user-friendly dashboard and compliance support for tax and regulatory requirements.
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PayPal may be a better fit for healers with a global client base due to its widespread availability and user familiarity. Clients may feel more comfortable paying with PayPal or Venmo, especially for international transactions.
In Summary
Choose Stripe if you prioritize lower fees, a simple setup, and frequent U.S.-based transactions. Opt for PayPal if you want to serve a global client base and value offering additional payment options like Venmo alongside major credit cards.
Visit your Billing page to select your desired payment processor and complete your set up, so you can start accepting online bookings through Heallist.
For more information on setting up your payment accounts on Heallist, visit our Support Center to watch the demo video. You can also reach out to our Support team for further assistance.