Moat Index
Companies· Fintech & Commerce

PayPalPYPL

Moat score

A checkout moat that eroded in plain sight, still carrying a large network and the Venmo graph.

MOATE2.6Solid
2.6 Solid
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DimensionMOATECommunity
Switching costsweight 15Merchants switch checkout providers easily; the Venmo social graph is stickier for consumers.4
Network effectsweight 15Hundreds of millions of accounts and broad merchant acceptance still reinforce each other.6
Scale & cost advantageweight 12Large processing scale across PayPal, Braintree, and Venmo.7
Brand & pricing powerweight 12A trusted brand with declining default status.6
Cornered resourceweight 12Venmo, Braintree, and a global set of licenses.5
Distribution controlweight 12The PayPal button is losing checkout share to Apple Pay, Shop Pay, and Link.5
Disruption resilienceweight 12Every platform owner and every payments company is attacking the same checkout button.4
Independenceweight 10Regulated everywhere, but no single supplier holds leverage.5

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How strong is PayPal's moat?

Question 1 of 8

Switching costs

Switching costs · weight 15

How painful — in money, time, risk, retraining — is it for a customer to leave?

5