Yes they are different, the Payment System first off is not a subscription system. There will be a Lite release verion of subscriptions system using the payment system as a backend. VB subscriptions allows for pending payments to PASS on a purchase while the Payment System will not allow that. Also the info you recieve from the postback from paypal with vb subscriptions is limited to transaction id, username and payment amount. The Payment System through provides detailled information to admins regards regards to the processed transactions like transaction id, product id, payment dates, email addresses etc..
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