Is Skydo cheaper than PayPal
Comparing costs, PayPal typically charges an upfront transaction fee of 4.4% plus a fixed fee, along with an additional ~4% currency conversion markup embedded in the exchange rate. This brings the total effective cost to roughly 5% to 8% per transaction. The exchange rate used by PayPal also includes a heavy currency markup. It's worth noting that the best use case for PayPal is often for very small micro-transactions or when global clients demand brand familiarity. Therefore, while PayPal might be more expensive in terms of fees and currency conversion, it could still be a preferred option depending on the specific needs and circumstances of your business.