How is Helcim compared to Paypal?
Helcim vs Paypal pricing and fees.
Helcim
Paypal
Helcim uses an interchange-plus pricing model that passes the true transaction fees charged by banks and payment networks to merchants. These true fees vary every transaction. Average fees are based on common credit cards, excluding American Express, and an average transaction amount of $300.
Helcim vs Paypal pricing and fees.
Helcim
Paypal
Pricing model
Interchange-plus pricing
Flat-rate pricing
Monthly costs
$0
$0 - $30+/month
In-person payment processing fees
1.83% + 8¢ average*
2.29% + 9¢
Online payment processing fees
2.27% + 25¢ average*
QR transaction: 2.29% + 9¢
Invoicing using cards & non-PayPal: 2.99% + 49¢
Invoicing using PayPal payments: 3.49% + 49¢
Keyed in: 3.49% + 9¢
ACH processing fees
0.5% + 25¢ for transaction below $25,000 (fees capped at $6)
Unavailable
Volume Discounts
Up to 70% discount
Invoice Management
POS Solution
Recurring Payments
Virtual Terminal
Inventory Management
API Solution
Hosted Payments Pages
POS Hardware costs
Helcim Card Reader
Helcim Smart Terminal
Card Reader: $29
Payment Terminal: $199
Chargeback fees
Additional fees and charges
Extra 0.4% per transaction when using Recurring Payments
Extra 10¢ per transaction when using Tap to Pay on iPhone
Additional fees from 7¢ to 1% per transaction for using Paypal Online Card Payment Services
PCI compliance fees
Helcim uses an interchange-plus pricing model that passes the true transaction fees charged by banks and payment networks to merchants. These true fees vary every transaction. Average fees are based on common credit cards, excluding American Express, and an average transaction amount of $300.
How much do Helcim merchants pay compared to Paypal?
In-person
Keyed & Online
Estimated savings at $40,000 Monthly Volume
Helcim’s displayed fees are estimated averages based on $40,000 in monthly processing volume and an average transaction size of $300. The average fees account for standard credit cards, but do not include American Express. Helcim’s interchange-plus pricing passes through the actual interchange and network fees charged by issuing banks and card networks. Since these underlying fees can vary by transaction, Helcim processing fees vary.
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Helcim vs Paypal: Pros and cons.
Helcim has lower payment processing fees, with automatic fee discounts as your processing volume grows
Helcim provides essential in-person and online payment tools for multiple industries such as invoicing, payment links, recurring billing, a virtual terminal, hosted payment pages, and POS software at no monthly cost.
Helcim offers POS software and hardware for businesses in both the United States and Canada, allowing merchants to start accepting payments online and in person quickly.
Helcim has less advanced integration capabilities compared to Paypal for large enterprise businesses.
Helcim currently only supports businesses based in Canada and the United States. Businesses can still process payments in any currency and receive USD or CAD. The currency conversion will be done by your customer's bank.
Helcim lacks some advanced operational and payment features designed specifically for large-scale eCommerce businesses.
Paypal has built-in eCommerce features such as Buy Now, and PayPal checkout buttons.
Paypal provides a wide range of integration options, including mobile SDKs, APIs, and JavaScript tools, making it easier for enterprises to integrate payments into their platforms and apps.
Paypal supports merchants in more than 200 countries
Paypal has many different fees for various payment types, products, and add-on services, which can sometimes be confusing.
Paypal’s payment processing fees are generally higher than Helcim’s interchange-plus pricing, especially for businesses with higher transaction volume or larger average ticket sizes.
Paypal’s recurring and vaulted payment features typically require developer integration and custom setup. In contrast, Helcim offers built-in recurring and vaulted payments that are ready to use out of the box, with no code or additional integration required.
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Frequently asked questions.
