Business Finance Tech

Difference Between PayPal and Quadpay

Difference Between PayPal and Quadpay

Payment plans using online payment services such as PayPal, Quadpay, RazorPay, Klara, AfterPay, and Sezzle have been more popular as the globe transitioned to digital payment methods. There are many online eCommerce companies that accept this payment method for both local and international purchases, and it is often considered the safest and most secure option available. Many of these payment options have become commonplace, and they are all accessible to you in your shopping basket when you complete your purchase. PayPal and Quadpay are only a few of the payment options that are accessible to you.

PayPal Vs. Quadpay

In terms of functionality, the primary difference between Paypal and Quadpay is that Paypal provides payment processing as well as installment payments. On the other hand, Quadpay is unique in that it accepts only installment payments rather than lump-sum payments. Paypal accepts a number of different payment options. PayPal and Quadpay, for example, require that the repayment process be strictly followed after 42 days or six weeks, respectively. Paypal has just become a participant in the Pay Later technique.

Founded in 1998 in the United States, PayPal Holdings, Inc. is a multinational corporation that runs an online payment system in almost every country and provides an online alternative to conventional paper methods such as cheques and bank transfers. PayPal Holdings, Inc. is a privately held corporation headquartered in San Jose, California. As a payment gateway, the Company charges a fee to pay merchants, online retailers, and a variety of other commercial clients for the services they provide. PayPal, formerly known as Confinity, was founded in 1998 and initially made available to the public in 2002.

Quadpay’s corporate headquarters are in New York, United States. It was founded in the year 2017. Quadpay was founded by Brad Lindenberg and Adam Ezra, two of his colleagues. Zip has bought Quadpay, a US-based “Buy Now, Pay Later” firm, for an undisclosed sum in 2020 in order to expand its presence in the United States (BNPL). It has expanded its operations to include Australia, the United States, New Zealand, South Africa, the Czech Republic, and the United Arab Emirates (UAE). Quadpay enables you to divide your purchase expenses into four equal payments that are not subject to interest over the course of six weeks.

What is PayPal?

For more than a decade, PayPal has been involved in the digital payment industry. With it, you may pay for products using your secure online account, which is provided by a financial institution. Simple as that. You only need to input your bank account, credit, or debit card information, and you have the option of choosing which of your cards or accounts PayPal will use when processing your payment. Additionally, you may choose one of them as your default payment method, which will be used until and until you decide otherwise.

You may use PayPal to not only pay for items but also to receive money from other people. All of the money you get is placed into your PayPal account, which may then be used to make purchases while the balance is refilled using the credit cards or bank account that you choose.

Alternately, you may have the monies sent to one of your approved bank accounts or credit cards. It is possible that you may be charged a fee when money is received into your PayPal account. For example, if you are selling anything on eBay. PayPal has just been a part of the BNPL theme and is being frequently utilized.

What is Quadpay?

In order to pay for things using a credit or debit card, clients may use the QuadPay payment network, which enables them to make four simple payments. QuadPay splits the purchase price into four equal payments, which are paid every two weeks and total the purchase amount in four equal installments. With QuadPay, you may make a purchase now and pay later.

Quadpay’s primary purpose is to provide contemporary customers with payment solutions that are clear, straightforward, and cost-effective. Their ultimate goal is to create a venue where everyone can come to discover everything they want, need, and require in their lives in one place. As of the end of 2016, it served roughly 6 million customers and 40,000 companies across the globe, with an annual payment volume of $3 billion.

In order to use Quadpay, there is no need for a minimum purchase quantity; nonetheless, their automated system establishes maximum spending limits depending on many parameters and on the amount that a shop is willing to accept. The method is different from that of a debit plan. Items will be dispatched in the same manner as they would have been if you had paid with any other means other than a credit card.

The fact that Quadpay can handle in-store purchases means that it is widely accepted. A large number of shops have also collaborated with the app to allow customers to make online purchases directly from their smartphones. Amazon, Nike, Walmart, Target, Apple, and a slew of other stores are among those who have partnered with us.

Difference Between PayPal and Quadpay

  • PayPal was established in 1998 and has been in the digital payment industry for more than a decade. Meanwhile, Quadpay, which was launched in 2017 and is known only for its Buy Now Pay Later installment concept, is a different story.
  • The headquarters of PayPal in San Jose, California, and the headquarters of Quadpay in New York, New York, are located in the United States of America.
  • In comparison, PayPal has 377 million users globally, while Quadpay has 6 million users and 4000 businesses.
  • PayPal is the parent firm of the online auction site eBay. While Zip Co Limited is a subsidiary of Quadpay, the latter is the parent firm.
  • PayPal offers payment processing as well as the option of making installment payments. Quadpay, on the other hand, only offers the option of making installment payments.


When you use Buy Now Pay Later services, also known as Buy Now Pay Later, you may make purchases online or in-store without having to pay the costs connected with credit cards. It is the quickest and most convenient method of raising funds, and it is also the easiest to set up. Quadpay and PayPal feature user interfaces, processes, and even capabilities that are almost similar to one another. PayPal is an online payment gateway that allows you to send and receive money using a variety of methods.

There are a variety of similar payment services available, including Afterpay and Razorpay, among others. BNPL services are becoming increasingly popular since they allow you to pay off your loan for any goods in only six weeks with no extra interest.