The 12 Best PayPal Alternatives

2. Dwolla

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.

Perfect for:
Dwolla is best for payout companies/platforms and marketplaces to make payments via Same Day ACH credits, or from their Dwolla balance.
Pricing
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.

Perfect for:
Google Pay is best for people living in the US and UK to send or receive money or make purchases online and in-stores.
Pricing
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.

7. 2Checkout

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.

Perfect for:
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.
Pricing:
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.

8. WePay

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.

Perfect for:
WePay is particularly best for donation campaigns, especially beginner non-profits.
Pricing:
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.

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.

Perfect for:
Cash App is the best PayPal alternative for small businesses to accept credit card payments with an iPhone, iPad or Android device.
Pricing:
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.

12. TransferWise

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.

Perfect for:
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.

Pricing:
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.

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.