What Is the Difference Between Paymate amp; PayPal?

Eligible Sellers
Online sellers from Australia, New Zealand and the United States may use Paymate. Conversely, at the time of publication, PayPal members from 89 countries may accept payment.
Eligible Buyers
PayPal accepts buyers from more than 190 countries. Conversely, Paymate accepts payments from about 60 countries.
Withdrawals
When a buyer purchases your product or service through PayPal, the amount goes into your PayPal account. You then withdraw the money to your regular bank account. Conversely, you never have an account balance with Paymate. Rather, it always sends payments directly to your bank account. The funds are never tied up in an online account.
Deposits
Users can fund PayPal accounts like a bank account. They link a regular bank account to their PayPal account and then transfer the money to PayPal. Paymate has no deposit system because there are no money accounts with Paymate. PayPal users can also generally transfer funds to friends and family for free.
Eligible Payment Methods
Paymate accepts credit cards for online payments. PayPal has a wider range of options for buyers who wish to purchase your product or service. Options include credit and debit cards, the PayPal Extras MasterCard, the eBay MasterCard, PayPal Smart Connect, the buyer's PayPal balance and bank transfer.
Account Usage Fees
PayPal does not charge to merely open an account. There are optional payments by website or phone for $30 per month.
The difference with Paymate is that it charges most sellers on a monthly basis separately from transaction fees. Sellers must pay this amount regardless of how many items they sell in a month. As of date of publication, the fee for a U.S. standard account with a $5,000 monthly limit is $5 per month, and the fee for a U.S. e-business account is $30 per month with a $10,000 monthly limit. There is also a $12.95 account application fee and a $39.95 PCI annual fee. New Zealand sellers who are transacting more than $5,000 per month in credit card purchases must pay $30 per month for an e-business account. Australian sellers can use a standard account with a limit of $5,000 in monthly transactions for free. Other Australian accounts have a monthly prepayment for transaction fees of about $3 to $33.
Wait Times
PayPal generally sends the funds to a merchant immediately when a buyer makes a purchase with a credit card. When Paymate accepts a credit card, it takes time to send the money to the seller's bank. The wait time for U.S. sellers is 10 to 15 days after payment approval from the bank. It is one to three business days for Australia sellers. New Zealand merchants wait only one day after bank payment approval.
Transaction Fees
As of date of publication, Paymate generally charges 3 percent plus 50 cents per transaction. PayPal typically charges 2.9 percent and 30 cents per transaction.