When it comes to sending money online, the first service that comes to our mind is PayPal. PayPal has been in the scene for long time and it is used by almost all merchants worldwide to sent and receive money. When PayPal was launched 18 years ago, there was hardly any competition and majority of the online payments were done using PayPal especially when it comes to transferring money from one country to another. But today, in 2017, there are many PayPal alternatives available and you can consider using them if you feel PayPal is not good for you.
One of the issues with PayPal is the higher commission rates and often they charge a lot of money when it comes to transferring money from one currency to another. This is why some of the PayPal alternatives are worth checking. So here is the list of best PayPal alternatives.
1. Google Wallet:
Google Wallet is a one of the best alternatives for PayPal and it is a fast and free way to send and request money. You can send money to someone using just their email address or phone number and the best feature is that they don’t need to have the Wallet app. When you receive money, you can have it transferred directly to your default payment method so you never have to cash out. All you need is a Google Account and debit card to get started. Since the service is from Google there is tight integration with Google ID and there is also purchase protection available.
But the biggest issue with Google Wallet is that it is currently available only for US and not available internationally.
Payza is another online service which has service in more than 190 countries. You can add funds, send money or receive money worldwide using the service. The Payza e-wallet connects you to the world, you can shop online locally or internationally and also send money for free instantly using their service. Payza also supports Bitcoins.
Payoneer is another online service to make payments worldwide. The service is supported in 200+ countries and 150+ currencies and there are more than 4 million users for the service. With Payoneer’s flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally.
Skrill, previously called as Moneybookers is yet another good option to manage your online payments. Skrill has some tempting features including free setup, low fees, and the ability to send text messages straight from your account. The service also allows users to convert the account balance into prepaid card which is a good feature.
2Checkout is a online service which cannot be completely said as a PayPal alternative since it does not allow transfer of money between users, but it can be used by merchants for payments when selling items. It works in variety of currencies to choose from and it supported on payment methods like Visa, Mastercard, Debit and even PayPal.
WePay is a service which creates an API to process payments on your site. This means users who wants to buy products on your website do not have to leave the website and the transaction is made secure with WePay’s interface. WePay accepts all major credit cards including Visa, Mastercard, and American Express.
Stripe is another service which allows both private individuals and businesses to accept payments over the Internet. Stripe focuses on providing the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems. Using Stripe, web developers can integrate payment processing into their websites without having to register and maintain a merchant account.
Stripe is not available across the world, but it it limited to certain countries for transferring funds.
ProPay can enable your business to accept credit cards and handle your ACH processing. ProPay has payment processing tools and solutions for a wide variety of industries. ProPay supports all major vendors like Visa, Mastercard and AMEX. They have solutions for small businesses, enterprises and also independent software vendors based on their needs.