June 1, 2016
If you’re looking for a post on why PayPal sucks, then you should go elsewhere because this isn’t that kind of article. The fact of the matter is that PayPal has proven to be an easy, secure, and fast way to transfer money. And, PayPal is also embracing the future by acquiring services like Braintree and the peer-to-peer payment app, Venmo.
That’s not to say that PayPal is perfect. There have been stories of PayPal freezing accounts and charging unfavorable fees for transactions. Also, the platform may not always fit the demands and needs of individuals, entrepreneurs, and business owners. They also have had problems internationally.
Whether you’re not a fan or looking for a payment system that works best for you, I’ve compiled the following list of 15 alternatives to PayPal that you should start using.
Due is another newcomer to the world of payments. Now you can send money to anyone in the world at the flick of your thumb for little to no cost. Most transactions are free. It’s been one of the best business 2 business payments and peer 2 peer platforms on the market. They are changing up how payments are made online at a flat $2.70 rate with no hidden fees.
Due is free as long as you have an account.
Dwolla is a secure, real-time payment processing alternative that offers much of the same features as PayPal. What makes Dwolla interesting, however, is that if both parties have an account they can send and receive payments by name, phone number, email address, or even social media IDs and handles with amazing security.
Dwolla is free to join, but transactions more than $10 will have a $0.25 fee.
Payoneer is an award-winning payment platform that has been operating since 2005, but it’s become popular among freelancers and small business owners since they can have funds deposited into their Payoneer MasterCard account instantly – without the need of having a traditional bank account. It also works in over 200 countries and 150 currencies, which makes it a great platform for international payouts.
There is an annual fee of $29.95.
With Google Wallet you can store credit cards, debit cards, loyalty cards, and gift cards into a digital wallet. This allows you to make purchases online and paying bills is a snap, as well as in-person purchases by using your smartphone through NFC support. You can even exchange funds through email addresses.
Google Wallet is free to use as long as you have a Gmail account.
Apple Pay is another digital wallet that has been graining a lot of traction since it’s initial release in 2014. Just like Google Wallet, it stores credit and debit card information and allows Apple users to make contactless payments through NFC or by using the Touch ID sensor. Business owners can also accept payments via Apple Pay at no additional charge.
Formerly known as Moneybookers, Skrill has become a popular alternative to PayPal with features like a free set up, low fees, prepaid debit card, and the ability to send text messages directly from your account. It’s also favored for international merchants since it’s available in over 200 countries and funds are transferred almost instantly.
2Checkout is a trusted payment gateway that allows merchants to receive payments by credit card, debit card, or PayPal. It also accepts global payments, has a recurring payment feature, and the option to add a ‘Buy It Now’ button onto your site.
2Checkout charges 2.9%+$0.30 per transaction.
Payza is very similar to PayPal in that you can send or receive funds directly to you bank account, credit card, or Payza Visa card. It’s also secure, easy-to-use, and has features like integrating a shopping cart onto your site. It’s also accepted in over 190 countries and supports 21 different currencies.
Payza is free to join and send money, but there is a 2.50 percent + $0.25 USD when receiving funds.
WePay understands that the one-size-fits-all all approach to payment gateways doesn’t always work. That’s why WePay developed a system that can be tailored fit to your specific needs. Whether you’re an eCommerce site, crowdfunding site, event planner, or just in need of an invoicing system, WePay gives you the power to customize it’s features. It also has excellent fraud protection.
WePay transaction fees for credit cards are 2.9%+$0.30 and 1%+$0.30 for bank payments.
The GlobalVCard simplifies cross-border payments for business is an easy way. They enable businesses to settle transactions in the most cost effective and transparent way possible, in over 140 currencies. With one payment file upload, payments can be issued and settled via virtual credit card, ACH, check or wire.
ProPay is an easy-to-use alternative that has pretty much the same features as PayPal, such as the ability to receive and send money globally, set up recurring billing, and a built-in shopping cart. It’s also approved by eBay and offers the mobile phone credit card reader ProPay JAK.
ProPay offers a low annual fee and there are no gateway charges.
Established in 2008, Amazon Payments has proven to be a worthy alternative to PayPal, especially if you run an eCommerce site. With Amazon Payments your customers can login to their Amazon account to complete a purchase on your site. It’s secure and easy-to-setup.
Fees will be 2.9% + $0.30.
If you have an in-house developer, or possess those skills yourself, then Stripe is the web and mobile payments option built with you in mind. With it’s unique set of APIs and tools, Stripe gives you the ability to customize how you want to accept and manage online payments. You can also store credit cards, manage subscriptions, and direct payments from your bank account.
There are no monthly fees, but Stripe does charge 2.9% + 30¢ per successful charge.
Click2Sell allows users to accept credit cards, PayPal, Google Checkout, and even Skrill payments. Other features include powerful reports, affiliate tracking, and an automated sales process. In short, it’s one of the best platforms to use if you’re a vendor or affiliate marketer.
Fees will vary depending on how much you sell, but pricing starts at $1 for up to $20.
BlueSnap is a secure payment gateway that allows merchants to use either the “buy now” model or shopping cart model. There are also features like catalog management, subscription billing, digital distribution, and analytics reports. It’s also supported in more than 180 countries.
BlueSnap charges 2.9% + 30 cents per transaction.
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