Is Barclays or PayPal Debit better for your small business?
Below we look at both Barclays and PayPal Debit reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Barclays vs PayPal Debit Trustpilot Reviews
| Barclays | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.4 |
| Percent 5-Star Reviews | 8% | 20% |
| Percent 1- Star Reviews | 86% | 73% |
| Total Number of Reviews | 9,859 | 5,277 |
https://www.trustpilot.com/review/www.barclays.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Barclays vs PayPal Debit App Reviews
| Barclays | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.8 | 4.1 |
| Number of iPhone Reviews | 1,700,000 | 1,600 |
| Android Review Score (out of 5) | 4.8 | 3.3 |
| Number of Android Reviews | 506,000 | 91,500 |
https://apps.apple.com/gb/app/barclays/id536248734
https://apps.apple.com/gb/app/paypal-business/id1053148887
Barclays vs PayPal Debit Account Fees & Charges
| Barclays | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | No |
| Electronic Payment Cost (in/out) | Free (up to 500 per month; 35p after) | Free |
| Cash Payments Cost (in/out) | 60p per £100/Free | Free |
| Cheques (in/out) | 60p each/60p each | Free |
| CHAPS Payments Cost | £15 | No |
| SEPA Payments Cost | 35p | No |
Barclays vs PayPal Debit Business Savings Rates
| Barclays | PayPal Debit | |
| Types of Business Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | None |
| Lowest Savings Rate (AER) | 1.51% | NA |
| Maximum Savings Rate (AER) | 1.96% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Barclays vs PayPal Debit Account Opening Times
| Barclays | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Up to 7 Working Days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Barclays vs PayPal Debit Features & Account Types
| Barclays | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes, via Barclaycard | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | No |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
Barclays vs PayPal Debit Customer Support Options
| Barclays | PayPal Debit | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Barclays vs PayPal Debit Foreign Currency Accounts
| Barclays | PayPal Debit | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Barclays and PayPal Debit
| Barclays | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes, via Barclaycard | Yes |
| Card Machines | Yes, via Barclaycard | Yes |
| Free Accounting Software | Yes, FreshBooks | Yes |
Barclays vs PayPal Debit Banking Basics
| Barclays | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 122702 | 742277 |
| Website | Barclays Website | PayPal Debit Website |
Common Comparison Questions
Does Barclays or PayPal Debit have better customer reviews?
Barclays scores 1.4 out of 5 based 9,859 Trustpilot reviews. Of these reviews 8% are 5-star and 86% are 1-star.
Whereas, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does Barclays or PayPal Debit have a better App?
Barclays’s iPhone App is rated 4.8 out of 5 based on 1,700,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 506,000 reviews.
In comparison, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does Barclays or PayPal Debit have better business savings rates?
Barclays offers the following types of business savings accounts: Instant access, Fixed-term Treasury Reserve Accounts with interest rates ranging from 1.51% to 1.96%. (AER)
In contrast, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.