Is Virgin Money or PayPal Debit better for your small business?
Below we look at both Virgin Money 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.
Virgin Money vs PayPal Debit Trustpilot Reviews
| Virgin Money | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.4 |
| Percent 5-Star Reviews | 5% | 20% |
| Percent 1- Star Reviews | 89% | 73% |
| Total Number of Reviews | 6,799 | 5,277 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.paypal.co.uk
Virgin Money vs PayPal Debit App Reviews
| Virgin Money | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.6 | 4.1 |
| Number of iPhone Reviews | 125,000 | 1,600 |
| Android Review Score (out of 5) | 4 | 3.3 |
| Number of Android Reviews | 23,400 | 91,500 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/paypal-business/id1053148887
Virgin Money vs PayPal Debit Account Fees & Charges
| Virgin Money | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | No |
| Most Expensive Monthly Account Fee | No | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 90p per £100 | Free |
| Cheques (in/out) | 30p per cheque | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | £20 | No |
Virgin Money vs PayPal Debit Business Savings Rates
| Virgin Money | PayPal Debit | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | None |
| Lowest Savings Rate (AER) | 1.35% | NA |
| Maximum Savings Rate (AER) | 5.15% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs PayPal Debit Account Opening Times
| Virgin Money | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs PayPal Debit Features & Account Types
| Virgin Money | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | 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 | Northern England and Scotland only | None, online only |
Virgin Money vs PayPal Debit Customer Support Options
| Virgin Money | 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 |
Virgin Money vs PayPal Debit Foreign Currency Accounts
| Virgin Money | PayPal Debit | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and PayPal Debit
| Virgin Money | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | Yes | Yes |
Virgin Money vs PayPal Debit Banking Basics
| Virgin Money | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 121873 | 742277 |
| Website | Virgin Money Website | PayPal Debit Website |
Common Comparison Questions
Does Virgin Money or PayPal Debit have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% 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 Virgin Money or PayPal Debit have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 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 Virgin Money or PayPal Debit have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (AER)
In contrast, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Virgin Money vs Allica Bank
Virgin Money vs Cater Allen
Virgin Money vs AIB (Allied Irish Bank)
Virgin Money vs Unity Trust
Virgin Money vs United Trust Bank
For other business bank accounts see our guide here.