PayHere vs PayPal: A Sri Lankan Business Perspective
Both PayHere and PayPal are available in Sri Lanka, but they serve different purposes.
PayHere
Best for: Local Sri Lankan customers paying in LKR.
Methods: Visa, Mastercard, Amex, eZ Cash, mCash, internet banking.
Fees: 2.5 to 3.9% per transaction, no monthly fee for basic plan.
Settlement: 3 to 5 business days to your Sri Lankan bank account.
Approval: Central Bank of Sri Lanka approved.
PayPal
Best for: International customers paying in USD, EUR, GBP.
Fees: 3.4 to 5% per transaction plus fixed fee.
Settlement: Withdrawal via Payoneer or direct (2 to 5 days).
SwiftPOS Dual Currency Solution
SwiftPOS supports both PayHere and PayPal simultaneously, displaying prices in LKR and USD using live exchange rates. Sell to both local and international customers without manual calculation.