Roqqett Blog

February 1, 2023
Author: Joelle Phua

PayPal vs Roqqett: Which is best for spending?

Discover which money app, PayPal or Roqqett, is better for spending.

Quick Summary

  • Review of PayPal for spending
  • Review of Roqqett for spending
  • Pros and cons of each app

Looking for an app that will help you spend consciously? Knowing where your hard-earned money goes is important so in this blog post, we’re comparing PayPal and Roqqett and seeing which is best for spending!

Since both Paypal and Roqqett are run completely digital, they’re safer than using cards, particularly nowadays when hygiene is especially vital.


Roqqett is an app that can enhance many aspects of your financial life but one of the most innovative parts is the spending aspect. 

Easy setup

Creating an account with Roqqett is easy! Simply connect your bank accounts and start spending. Even better, if you’re paying someone with Roqqett account, you don’t even need to be signed up, all you need is your bank’s mobile app! Though we think once you experience the magic of Roqqett payments, you’ll never go back to typing in long sort codes and account numbers…

Send money instantly

  • Either click on the link you’ve been sent or scan the recipient’s unique QR code
  • Select the bank account you want to pay with
  • You’ll be taken to your bank account to log in and authorise the payment.

And voila! You’re done. 😎

Example of sending money via QR code in Roqqett.

Whilst other payment apps (like PayPal) will hold your money, Roqqett doesn’t. You can rest assured that your money is yours and you can control exactly where you want it to go.

You’ll be able to see all your accounts (current, savings and credit card!) in the “Account” page so you don’t need to flick between multiple banking apps. As well as that, you’ll get daily balance notifications. This will help you know how much you have in your accounts to inform your spending.

Supporting small businesses

Small businesses are the backbone of our economy so it’s important to #ShopSmall. At Roqqett, we’re committed to lowering costs for businesses. 

Small businesses can use Roqqett’s payment links and checkout. So as the customer you can shop knowing that big faceless corporations aren’t getting a massive cut of the money you’re paying your favourite independent store.

Spending insights

Of course, apps can’t just be used for one thing. Roqqett is a hub for your spending where you can:

  • See the categories and merchants you spend the most with at a glance.  
  • Budget effectively using automatic calculations like average transactions.
  • Compare how much you spend versus a previous time period.

Read more about how Roqqett’s spending insights compare with other apps here.

Bank-grade security

Roqqett is built on the latest Open Banking technology and you might be asking “what is Open Banking?”

In the UK, open banking means that you can choose to allow regulated providers to access your bank data. Open banking allows innovative financial tools and services like Roqqett to improve the traditional world of banking.

For Roqqett, bank-grade encryption is used to ensure your data is held securely. What’s more is that bank details can’t be skimmed like card details can so rest assured that fraud is much less likely if you use Roqqett for spending money.


PayPal is a giant in the payments universe and used in many stores worldwide, but that doesn’t mean that it’s necessarily the best. Let’s start with some general information on PayPal’s and the pros and cons of using PayPal for spending.


PayPal can be used both in browser and in-app which means you can access your account and shop with PayPal on any device. As mentioned, PayPal is widely accepted at online stores all over the world, making it a good choice in your arsenal if you often purchase from overseas.

You can connect your bank accounts to withdraw money from to fund your PayPal account or to pay directly from. 

Even though PayPal says that you don’t need to enter any bank account information, you still have to go through the hassle of remembering your email address and password. In some cases, this can be less secure as many people default to only a few passwords!

On the other hand, banking apps and Roqqett are mobile-based, meaning that you only need to remember ONE pin, or use biometrics to enter the respective app.

PayPal App

Let’s move on to PayPal’s new app. 


The all-in-one experience is important for those of us in the digital age looking for convenience and organisation. The PayPal app is jam-packed with plenty of features. This includes:

  • Sending and receiving payments and invoices.
  • Splitting the bill and paying bills
  • PayPal Wallet - with PayPal balance, credit and connecting your bank accounts.
  • PayPal rewards.
  • Activity feed with all your payments made through PayPal.
  • Buying, selling and holding cryptocurrency - they even have some educational articles on crypto.

You can even donate to a wide variety of charities which is a nice touch, given that PayPal itself is a massive corporation.

If you’re paying with PayPal at a business, you’ll get their buyer protection.

However, as with Snoop (read our analysis here), it seems like PayPal has stuffed as many functionalities as they can… just because they can. It seems a little disjointed which distracts from key elements for most people like payments.


Unfortunately for PayPal, there are quite a few downsides to using the app.

One of the biggest disadvantages being that they actually hold your money if you use PayPal’s wallet. This means you have to transfer money in and out of your bank accounts into PayPal - adding an extra step that none of us has time to take! 

PayPal is also infamous for its plethora of hidden fees and clauses. For example, sending or paying with your PayPal wallet is free but using debit or credit cards to send money will set you back 2.9% plus extra per transaction.

There’s also a lack of spending insights or analytics, making the list of transactions you make with PayPal almost pointless. Similarly, the “activity” feed only shows transactions made with PayPal so you might as well go to your banking app to see all your payments.


Roqqett comes out on top for being the most accessible (no signup required to send money) and well-rounded (has in-depth spending insights)! PayPal may have been around for longer and is used worldwide, but the potential and power of Open Banking may just mean that newer kids of the block will rise in popularity. 

Don’t wait and download Roqqett for free today!

Explore the Roqqett Range


Roqqett Mercury

Boost revenue and get instant settlements before shipping any orders with Roqqett Pay.


Roqqett Gemini

Boost loyalty and sales with a complete express checkout journey for your customers.

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