Thursday 7 January 2021

The Best PayPal Alternatives

Are you frustrated by PayPal fees? Are you concerned by reports of PayPal freezing accounts? If you're unhappy with this payment platform, you'll be glad to know that there are several strong PayPal alternatives. Below, you'll find more information about other payment platforms that are available to you. 


Google Pay 

This service is an excellent option for personal payments and can also help to streamline payments for businesses. It's designed to be simple to use. Since many people already utilize Google service, it's also easy to convince people to start using Google Pay. For the most part, this service is free to use, which means it's a great way to avoid the fees associated with PayPal. 



Square isn't the best for businesses that primarily rely on online sales, but it is an excellent choice for businesses that depend on in-person sales. This service was designed with mobile point-of-sale transactions in mind. It's also possible to use Square for online sales. It offers many useful tools, including invoicing, payroll, and the ability to manage inventory in real-time. 



If you need to send money internationally, TransferWise is an excellent choice. You can choose PayPal or TransferWise, but this PayPal alternative has low fees for international transfers. It can also be helpful if your business needs to send invoices to clients based in other regions. With TransferWise, you can send out invoices in the currency of your choosing. 



Stripe is a payment platform that's easy to integrate with popular e-commerce services like Shopify. With Stripe, it's also easy to accept international payments.  It's also designed to be customizable. The API is far more flexible than many other alternatives. With that said, Stripe may not be the best option for you if you're hoping to avoid PayPal fees. For the most part, its fee structure is comparable to PayPal's. 


Amazon Pay 

If you're looking for a payment platform with name recognition, you may want to take a closer look at Amazon Pay. Amazon is one of the most visited sites globally, and anyone who has an Amazon account will be able to use Amazon Pay without an issue. All they'll have to do is log into their account to access their saved payment information. While transaction fees are similar to PayPal's, the popularity of Amazon makes this an option worth looking into. 



If you use cryptocurrency, or if your clients or customers would be interested in a payment processor that would allow them to pay with cryptocurrency, Skrill may be a good option for you. It has excellent fraud prevention tools and is designed to be easy to use. Better yet, it has much lower fees than PayPal does, making it a cost-effective option. 



This is another PayPal alternative that's a good fit for businesses with many international clients. It offers 87 currency options and has support for more than 30 languages. It even supports eight payment types. While its fees are similar to PayPal's, it's a more affordable option for international transactions. 



This payment platform was tailor-made for businesses that are poised to see significant growth. It can automate payments, allowing you to send thousands of payments with just one API request. It's a highly reliable service with very reasonable fees. The one major downside to Dwolla is that it's only available in the United States. Businesses that have international clients will have to focus on other options. 



Small and medium-sized businesses can benefit significantly from choosing this dependable payment processor. Like PayPal, it's possible to get a debit card to use alongside a Payoneer account. It's easy to set up, even if you have minimal programming knowledge, and it has a simple pricing model, making it easy for you to predict fees. Payments that come from other Payoneer users will have no associated fees. If you work with clients who use Payoneer, you may find that it makes sense for you to start using it. 


Shopify Payments 

This payment processor is designed explicitly for Shopify users, making it more limited than some of the other options listed above. With that said, it's an option that anyone that sells on Shopify should be taking a closer look at. It allows businesses to accept credit and debit cards directly at a Shopify store. It's a subscription service with reasonable rates. Paying with a card is convenient for customers, which means using this payment processor could also lead to an increase in sales.


While there are many PayPal alternatives available, the options listed above are among the most popular solutions. If you're frustrated with PayPal, you should know that there are plenty of other choices out there.

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