Western Union Remittance: The remittance can be completed after verifying the name of the remitter, remittance amount, money transfer control number (MTCN) and remittance country/region. When withdrawing money, all the above information is checked correctly, so you can withdraw money from Western Union partner bank.
PayPal:PayPal is more convenient to pay. As long as there is an email address, the payer can log in and open a PayPal account, provide PayPal with the payee's email account, enter the specific amount and remit money later.
Second, the difference of cost:
Western Union fee: generally ranging from 15 to $45. According to the remittance amount, if it exceeds $2,500, an additional $20.00 will be charged for each additional $500 or part thereof.
Paypal handling fee: Paypal may provide certain preferential measures to merchants. Merchants with monthly sales of $3,000 or more and good account records can apply for preferential rates. The latest standard charge is 4.4%+0.3 USD.
Third, the difference between development:
Western Union Remittance: Western Union has established cooperative relations with many domestic banks, especially with China Postal Savings Bank, and set up special flagship stores for Western Union business in major cities. However, Western Union remittance belongs to the traditional transaction mode and cannot adapt to the new international market.
PayPal:PayPal cooperates with some e-commerce websites and becomes one of their payment methods. It is committed to combining with modern network technology to create better transfer methods and provide more flexible choices for payment or collection.
References:
Baidu encyclopedia-western union remittance
Baidu encyclopedia -paypal