PayPal is probably the most well-known and reliable online payment service for individuals and companies around the world to quickly and securely send and receive payments electronically.
You can use it to send money to family and friends, buy products online, or receive payments from individuals and online companies or websites that pay you for services you provide or tasks you do.
Although it is easy to get started on PayPal, you may need a PayPal alternative for various reasons.
For example, you may need services like PayPal if PayPal is unavailable in the country that you are currently in, you or your customers have had a bad experience with PayPal, or you want to reduce costs.
Your PayPal account could be blocked or suspended too. So, if you need services and apps like PayPal, below we will look at the 12 best PayPal alternatives that will make your life easier.
12 Best PayPal Alternatives:
Although PayPal is one of the most popular online payment services to send, request, and receive money, if you or some of your potential clients cannot, or will not, use PayPal, you may need other online payment services like PayPal. Let’s get started.
If you are looking for a fast and reliable peer-to-peer payment solution, Venmo is one of the best options out there. It is typically used by people to send money to their contacts.
You can use Venmo to accept payments from peers and quickly transfer those to your bank account(s) or debit card(s).
Collecting your money in your bank account is free, but for instant transfer, you will be charged a 1% fee. You can also leave money in your Venmo account.
More about Venmo!!!
One of the advantages of using Venmo is that there is an excessive chance that the other person is using the same wire for getting or receiving money.
Venmo is considered as one of the vastly used peer-to-peer mobile app. It allows you to share money in a great smoothness.
If you want to get or send money, all you need to do is to install this app on your android, iOS phone.
Venmo requirements include getting information about your friends who your friends are. This app extracts your friends that use this app from your contact list.
Moreover, you can also invite your friends. You can now use Venmo to pay the bills of some online stores.
Venmo is also up to introducing some new features in features as well. These include the Venmo card, custom animated stickers, some business features, and also direct deposits.
Venmo is best for you if you are only interested in looking for a personal payment service online.
It is free to send money from your bank account or collect money in your bank account. But, if you pay with your credit card, there is a 3% fee.
Do they have an app?
The Venmo app allows you to send and receive payments by any mobile device.
Dwolla is a U.S. only online payment system that allows individuals, businesses, and organizations in the U.S. to send and receive funds. Payments are sent to recipients’ bank or credit union accounts via Same Day ACH deposits.
Senders can send multiple payments to multiple banks or credit union accounts, using the mass payment feature of the Dwolla platform. When someone sends funds to you, Dwolla transfer the funds directly to your connected bank account.
You can receive money from someone using Dwolla even if you do not have a Dwolla account simply by using an email address. But, to claim the money, you need to sign up for a Dwolla account and then link a bank account to it to move the money from your balance to the connected bank account.
More About Dwolla!!
ACH payments were a huge issue back then but now Dwolla made it feasible and easy to send off, collect and enable ACH payments.
It also facilitates ACH payments, by facilitating means that it provides a platform from where you can easily send and collect money without doing so much.
Isn’t it great?
Dwolla not only eased the problem of money transfer but also with the help of this you can combine this software package to your podium and can match up it to your business branding.
You can enjoy hand full of features that Dwolla is offering, but for this, you have to get up with it.
There are many plus points of using Dwolla for transferring that includes low transaction fees, white label services.
There are many developer tools are also available at Dwolla. Everything has some cons too the cons of Dwolla are the paid plans are quite expensive.
Dwolla is best for payout companies/platforms and marketplaces to make payments via Same Day ACH credits, or from their Dwolla balance.
Transactions under $10 are free. All transactions above that cost only 25 cents, making it one of the cheapest online payment services.
Do they have an app?
Dwolla does not have an app, but it has a while label ACH API that enables their business customers to build payments into their own app. Their customers can integrate it with their applications.
3. Google Pay (formerly Google Wallet)
Google Pay is a fast, easy and secure way to send and receive money online, and buy items online and in stores. Once you add a payment method, like a debit card or bank account, or any other payment method to Google Pay, you can use Google Pay to send or receive money, make purchases in stores using your phone, buy items in apps and online, and buy Google products or services.
You can receive money from your family and friends or get paid by your customers if you have an email address or phone number. Pay your friends and family, or make payments to your supplier using their phone number or email address even if they do not have the Google Pay app.
After the first time you accept money sent to your email address or phone number, you can link the email address or phone number to your Google account. Add a debit or credit card to your Google account you want to transfer the money to. All payments sent to your email address or phone number in the future, are automatically sent to your default payment method.
More About Google Pay!
One of the advantages of using google play as an alternative to PayPal is that unlike Apple pay the google pay only operates when your device is unlocked.
If you want to send money with google pay then all you need to do is to unlock your phone keep to the point of sale and boom your payment goes.
This app not only offers you a convenient method of transferring money but also is secure enough like its fellow apps.\
This doesn’t send your credit card number to the receiver instead it sends a code that is encrypted.
The merchant further uses this code; he transfers this code to the card issuer for the sake of verification.
Google pays also offers you the same privacy that Google offers to all its other services. The company claims that they don’t use a person’s personal information until it is needed at the time of the transaction.
But why you choose this one?
Because trust me it is one of the easiest ways of transferring money and also easy to use. The cons include that it does not work with Siri voice and google assistant.
Google Pay is best for people living in the US and UK to send or receive money or make purchases online and in-stores.
Google Pay charges no fees if you send money to individuals such as friends or family, or receive occasional commercial payments, like collecting rent or accepting payments for services. However, there is a 2.9% fee for using it with a credit card.
Do they have an app?
You can send and receive money with ease and manage your account in the app on your smartphone.
Payoneer is an online payment platform available in over 210 countries around the world. It is more like a bank and has gained popularity worldwide.
Once you sign up for a Payoneer account, you can apply for a Payoneer Prepaid Mastercard to receive payments from the leading online marketplaces.
Payoneer also offers receiving bank accounts via the Global Payment Service.
You send customers the details of your receiving accounts which allow you to receive local bank transfers from companies and marketplaces in countries like the US, UK, Canada, Australia, Germany, Japan, and Mexico directly to your Payoneer account.
If you are a service provider or supplier and cannot use or will not use PayPal to collect payments from your potential customers, you can invite them to register on Payoneer.
Your customers will then be able to pay via credit card, an e-check, or the customers’ Payoneer account. Or, if you want to make payments to your potential service providers or suppliers who cannot or will not use PayPal, then you can invite them to register on Payoneer by simply entering their email.
The service providers or suppliers will then be able to register and collect their payments.
Payoneer is the best online payment service for online freelancers and online sellers. Sending and receiving payments between Payoneer users are completely free of charge, so it is best for those who want to save money on online transaction fees.
If you have a Payoneer account, you can pay other Payoneer customers or receive payments from other Payoneer customers anywhere in the world for free. There is a 3% fee for processing payments via a credit or debit card.
Do they have an app?
You can manage your global payment options on the go with the Payoneer mobile app.
Skrill is one of the best PayPal alternatives for those people who cannot (or will not) use PayPal to send and receive payments. Skrill allows you to receive funds from anyone directly into your bank account, mobile wallet, or Skrill wallet.
You can use your email address, mobile number or bank account details to receive money from your family, friends, or clients. Skrill is fairly quick to set up and easy to use.
You can receive payments, send money to other people, and make purchases online with Skrill. To send money with Skrill, all you need is an email address or mobile number.
You can use stored cards linked to your Skrill account, or your account balance to make payments. Users from EEA countries can apply for Skrill Card (Skrill Prepaid Mastercard).
They can use it to have instant access to their account balance, use it abroad anywhere Mastercard is accepted, and withdraw funds at ATMs worldwide.
You can move funds from your Skrill account to your bank account instantly or withdraw money from your Skrill account to your Visa card or Mastercard, depending on your location. People can send money to a bank account in 45 countries.
In many countries where PayPal is unavailable, Skrill is considered as one of the best alternatives to PayPal for freelancers or online service providers to collect payments for tasks they do. It is also best for people who cannot or will not use PayPal to make payments to freelancers or suppliers.
The fees are low compared to other online payment options. No transfer fee when you send money directly to a bank account. If you use the Skrill Prepaid Mastercard, there is an annual fee (€10), 1.75% ATM fee, and 3.99% foreign exchange fee.
Do they have an app?
You can access your money wherever you are using the fast, secure and easy-to-use Skrill app. The app is available for both iOS and Android devices.
Payza is an international payment service that allows you to send or receive instant payments. Using Payza, you can get paid by your clients or customers for tasks you do, make payments online, instantly send money online, and shop online.
You can send money to anyone in over 190 countries and 25 currencies using your credit or debit card, or your Payza e-wallet.
Want to sell online? You can then integrate Payza payment buttons into your website to accept payments online quickly and securely from your customers.
Payza shopping cart modules allow you to accept easy and secure payments. Send invoices to your customers using their email address for an item or service to get paid online, quickly and easily.
More About Payza!!!
Moving on to the next category that is known as Payza, if you look at it. It will look exactly like PayPal when you first see it.
The features, marketing tactics methods use to transfer money is the same as the father company.
One of the advantages of Payza is that it is available in 191 countries and 21 different currencies.
Like its father company, it also offers its customers two divided services one is consumer mobile wallet and the other includes merchant services.
Consumers can pay from the Payza wallet to merchants also they can use their bank accounts or any other local option that is totally on them.
When you signup for the Payza account it will make you choose between three different options.
That is the starter one, the personal and the business. All three are free but the starter does not need any form of verification.
If you cannot use PayPal or other better PayPal alternatives like Payoneer and Skrill, Payza can be the best online payment option for you to send or receive money or shop online.
Sending money online is completely free. There is a 1.2% fee if you want to receive funds in BTC. If you want to pay with a credit card, there is a 3.5% fee. Payza does not charge any activation and yearly fees.
Do they have an app?:
Whether you want to sell physical or digital products or services on a one-time or recurring basis, 2Checkout is a great global payment option you can use to accept payments from your customers worldwide.
You can have payment buttons similar to PayPal on their e-commerce website using 2Checkout. 2Checkout is available in 15 different languages, making it one of the best online payment platform for international users.
You can accept one-off payments as well as recurring payments (e.g., for subscriptions).
If you are going with this medium for transferring money then you are going to get some perks along with it as well.
Let us have a look at those perks,
2Checkout are offering you multiple methods for payments like credit cards and debit cards, with zero responsibilities for deceptive charges.
The protection against fraud is also offered in this way. Your site can process 87 distinct currencies in 15 languages.
When we talk about 2CO then how we do not talk about the add-ons of it. These include 2converts, 2bill, 2comply, 2partner, and whatnot.
The payment method is also attractive. This uses the pay as you go, model. That means you have to pay them on every transaction.
When it comes to marketing tactics and techniques then 2 checkout doesn’t use gimmicky tactics. Which is quite good. The pricing is forthright and easily retrieved.
2Checkout is best for international users, especially physical goods retailers and buyers worldwide. It is also best for online services and software and SaaS sellers.
Although 2Checkout is more expensive than PayPal, it has better security features than most other payment providers, making it a very reliable online payment solution for both sellers and customers.
There are no monthly fees. 2Checkout offers three different plans at different price points. Exchange rates are generally higher than the bank’s rate.
Do they have an app?:
2Checkout mobile app allows you to monitor your account and manage your online business on the go.
WePay is a hassle-free way to collect payments online from multiple payment methods such as credit, debit, ACH, and Chase Pay. WePay provides online merchants, non-profit organizations, and other businesses a complete integrated payment solution to accept payments online, covering secure payments and refunds.
Using WePay, you can collect payments from a website, or send online invoices to your customers. To withdraw your funds, you can link your bank account to your WePay account.
Once the bank account is added, the funds are sent automatically to the linked account. If you want to make payments, you can make payouts daily, weekly, or monthly.
Now, if we talk about WePay then it is an entirely web-based credit card workstation that is meant for online users.
The pricing of WePay is an attention-grabbing feature. They charge 2.9% of the total price on each transaction. And no other costs.
But the problem with WePay is that it doesn’t receive PayPal payments. What else? WePay is a third-party facilitator.
Do you know what does it mean?
It does not go with the direct merchant account provider. Also, another prominent thing about WePay is that it is serving in categories one is payment processing websites and the other is platform partner.
Now, what is a platform partner?
It is a space where lots of business owners and fundraisers also sellers perform some facets of their business.
As you already aware of many of the features of WePay but what is more?
One mentionable thing is that WePay targets the proprietor of the platforms and the merchants of that platform.
WePay has no mention about the pricing details or the fees on their website that is pretty strange.
Now let us have an overview of this one. The pros include good developer tools, excellent marketplace tools, etc. One of the con is that no pricing detail s mentioned on the site.
WePay is particularly best for donation campaigns, especially beginner non-profits.
WePay charges a 2.9% fee on all transactions, plus 30 cents for each credit card transaction. They do not charge any monthly fees.
Do they have an app?:
You can download the WePay app to accept credit and debit cards in person with an iPhone.
Using ProPay, businesses of all kinds can accept credit card payments and process ACH processing, or pay their suppliers and affiliates in more than 180 currencies across 35 countries using payment methods like debit cards, ACH, and more.
If you run a business, you can make payments quickly to your employees.
If you are a service provider, affiliate marketer, or sales representative, you can accept funds from clients and transfer the funds directly to your personal bank account.
The funds are withdrawn with a ProPay Prepaid Mastercard or can be transferred directly to a US checking account.
More About Propay:
Next is ProPay which is indeed an innovative and secure alternative to PayPal. The advantage of this one is that it offers different tools and competencies for an extensive range of industries.
It is also used not only by direct sellers but also by software benefactors, online sellers, and whatnot.
Another feature of ProPay is that it offers you a mobile payment solution that makes it easy for several companies, businesses, sellers, and consumers.
One of the mobile solution that ProPay include is that its mobile card reader that is known as ProPay JAK
The slog of ProPay JAK is it is linked with your smartphones and through this, you can easily make the transaction that means the user can easily accept any kind of payment from their devices at any place at any time.
Another prominent and attractive feature of ProPay is that you can send it back which means you can reimburse for the wholesale purchases directly from your account.
This feature helps the wholesaler to save money because ProPay helps them reducing the cost of wholesale orders and that is pretty much interesting.
If you are an affiliate marketer, ProPay can be a better PayPal alternative to accept payments online.
ProPay charges flat low annual fees for different plans, starting at $39.95 (annually). There are no minimum monthly purchases.
Do they have an app?:
ProPay allows its users to accept credit and debit card payments anytime, anywhere by using their free, easy-to-use app available on the Apple App Store or Google Play Store.
Intuit is the parent company of QuickBooks, TurboTax, and Mint, specializing in small business accounting and personal financial management services. It also offers payment solutions via Intuit QuickBook Payments.
There are many ways to get paid by QuickBooks Payments. It allows you to send invoices online and accept credit card payments and ACH bank transfers.
You can also take mobile payments by keying in your customer credit or debit card numbers to take payments from anywhere or accept payments on the go by using a free mobile card reader that lets you swipe and accept credit and debit cards. You can also accept recurring payments.
It is best for small businesses and professionals to invoice clients and accept payments online, by phone, or on the go with a smartphone.
There is a monthly fee, starting at $20 per month.
Do they have an app?:
You can use the QuickBooks app to accept online and mobile payments.
11. Cash App (formerly known as Square Cash):
Cash App is a peer-to-peer mobile payment system developed by Square. It enables anyone to send money with an email, phone number, or $Cashtag (it is a unique identifier of individuals and businesses using the Cash App). Cash App is free to send and receive money.
If you want to get paid by a customer, the customer simply needs to send you an email. To accept the payment, you need to enter your debit card number, and the money is directly transferred to your bank account. You will automatically receive funds to your debit card thereafter from your customers.
Sending money using Cash App costs nothing. You can make payment to anyone even if they have not signed up with Cash App yet. Once you sign up, you can apply for the Cash Card Visa debit card that you can use to pay for goods and services from your Cash App balance.
Cash App is the best PayPal alternative for small businesses to accept credit card payments with an iPhone, iPad or Android device.
Cash App does not charge a fee to send or receive personal payment from a debit card or a bank account. It does not cost anything to make a standard deposit. There is no hidden fees and no long-term contracts.
It does, however, charge a sender a 3% fee to send a payment using a credit card and 1.5% fee for an instant deposit to a bank account. You just pay 2.75% for every payment. There is a 2.75% fee for each swiped transaction and a 3.5% fee and $0.15 surcharge for each transaction that is entered manually.
Do they have an app?:
Cash App has an app available for both iOS and Android devices. Using the app, anyone can send and receive money.
TransferWise is an electronic payment solution based in the United Kingdom and regulated by the Financial Conduct Authority (FCA). It is safe and secure. TransferWise has a borderless account which allows freelancers, business owners, and eCommerce store owners to get their bank account numbers and bank codes for 5 currencies – USD, GBP, EUR, AUD, and NZD – without a local address for free. So, if you are a freelancer, anyone in the US can send you US dollars.
It is also free to get a TransferWise Business debit Mastercard. Business owners can use the borderless account to get paid or withdraw money from platforms like Amazon for free. Ecommerce site owners can use it to receive money from Stripe and Amazon for free.
TransferWise borderless account lets you keep money in over 40 currencies, send money with a bank transfer, or a debit or credit card, and receive money in more than 40 currencies from 50+ countries.
There Is More!!!
TransferWise is also the best option and recommended by money. The rating o this one is also high.
It is highly reputable and more than people are using it that is a great number. If you want to send or receive money internationally, then this one is a cheap option and you can choose it over bank accounts.
Not only they are good at transferring money but also when you sign up they give you the option of a borderless account.
Once you get access to that borderless account then you can get the facility of their credit card.
As to ensure security TransferWise sends you a verification code and email once these things get verified you can get your money.
There are many advantages of this wire for transferring and receiving and that includes that they are cheap ones, they do not cost you much.
The next advantage is fees transiency sand rates are guaranteed.
TransferWise is best for freelancers and e-commerce business owners to get paid with zero fees. If you are a freelancer, you can get your borderless account for free without a local address to receive Great British Pounds, Euros, US Dollars, Australian Dollars, and New Zealand Dollars with zero fees.
Business owners can use it to pay invoices, buy inventory, and handle payroll. They can send money directly from their debit card or bank, or make payments from their account balance. Ecommerce site owners can get a free multi-currency business account from TransferWise to pay global suppliers and receive payout/money from Stripe and Amazon for free.
TransferWise is significantly cheaper than PayPal. There is a small fee to convert currencies in your account, or when you pay or send money in a currency that you are not holding in your account.
Do they have an app?:
TransferWise does have an app which is available for both iOS and Android devices. You can get the app to make new transfers or track your transfers on the go easily.
Which Online Payment System is the Best?
If you want to know which online payment system is the best for you, it depends on your particular circumstances.
If you are a freelancer and looking for the best PayPal alternative, Payoneer is a great option for you. For personal payments, Venmo is probably the best choice.
If you are a business owner, TransferWise may be a better option than others in the list of PayPal alternatives for business transactions. For eCommerce payment transaction, 2Checkout is the best choice.
So, which online payment system is the best depends on what you want to use PayPal alternatives for. Whether you are a small business owner, online seller, or self-employed professional (e.g., a freelancer), I hope this list of the 11 best PayPal alternatives will give you an idea about what each option has to offer.
There Is More!!!
Payoneer is the best alternative to PayPal. There are many advantages of using this mean and some of these are
They are widely available in more than 200 countries. Custom invoices are another advantage of it and allow you to request payments from several clients.
Customer support is the next feature that is considerable and attention-grabbing. Last but not least free payment between the Payoneer account is an important feature of it.
Everything has some advantages and some disadvantages so do the Payoneer. Some of the disadvantages of it are.
The costs you different types of fees, high card transaction fees are also a con of Payoneer.
But all in all, if you are an online seller and want to receive your money from the digital marketplace in return for your goods then guess which one is best for you.
Yes, it is Payoneer that will work for you. if you are a freelancer then this one is best for you to receive payments from clients that are not from your country.
Best PayPal Competitor for Business?
TransferWise is the best PayPal competitor for businesses because they are much cheaper than PayPal. Business owners can get a free business account to send, spend, and receive multiple currencies with the real exchange rate.
You can pay invoices, buy inventory, and handle payroll with the real exchange rate in more than 40 currencies. International payments are up to 14x cheaper than PayPal.
You can also get your own UK, Eurozone, Australian, New Zealand, and US bank accounts for free without a local address to get paid or withdraw money from platforms like Amazon for free.
TransferWise Business Mastercard allows you to pay business expenses and spend online or in-store all over the world.
Best App like PayPal for Minors?
PayPal does allow anyone under 18 to open an account. But, there are still options for teenagers or minors to manage finances using services like Google Pay, FamZoo, and Bluebird.
FamZoo is a very user-friendly and the best app like PayPal for minors. Kids can only spend the approved funds available on the card – they cannot spend more than they are authorized to spend.
Using the FamZoo app kids can make a money request, parents can approve funds, set up automated allowance or chore payments. Kids can learn money management using the app.
Best Alternative to PayPal for eBay?
Although PayPal is owned by eBay, it is not the only means of payment on eBay. The biggest online auction site eBay offers several alternative payment options to buyers and sellers.
Skrill, Paymate, and ProPay are accepted on eBay to make payments without registration. Escrow is another payment method accepted on eBay. It is commonly used and recommended to use for high-priced items. Another option is merchant credit cards. Pay on Pickup and Certain other payment methods are accepted by eBay in some cases.
So, if you are interested in selling online via eBay, but you cannot or will not use PayPal, there are options out there. Some of the most popular alternatives to PayPal are Payoneer, Venmo, and Square.