5 Great Paypal Alternatives to Try Out Today

Almost everyone who works online has a Paypal account. It is perhaps one of the most widely used and convenient payment methods out there, but there can be some reasons for you to look for alternatives to Paypal.

Luckily for you, this is the topic of today’s article. Check out the list of Paypal alternatives that we have put together, keeping in mind that we’ve included personal Paypal alternatives but also Paypal alternatives for business.  

Best Paypal Alternatives

  1. Payoneer

Payoneer is by far one of the most popular alternatives to Paypal for sending money, also because it comes with several advantages that can’t be denied. With Payoneer, you will actually get a card in the currency of your choice, and you’ll be able to withdraw money from any ATM. 

All of the funds that you will have in your Payoneer account will be available on the card, too. Besides, with this service, you basically have several virtual bank accounts in different countries, which means that you can receive payments in different currencies. 

Payoneer is a Paypal alternative commonly utilized by affiliate marketers, especially those that are supposed to be paid via bank transfers in the United States and other countries, but who live in other parts of the world. 

While signing up is free, there are fees on every transaction and a yearly one for the card.   

  1. TransferWise

If you have been researching alternatives to Paypal, it’s quite likely that you came across TransferWise before. They had an aggressive marketing campaign and advertised on social media and iOS and Android apps and games. 

The reason you might want to give this program a go instead of Paypal is that it has very low transaction fees and currency conversion charges. As you know, whenever you exchange money, you pay a commission to the transaction processor, whether that is the bank or Paypal.

In Paypal’s case, for instance, it can be quite expensive. If you get paid in US dollars and live in Europe, Paypal is going to automatically exchange the dollars into euros, and you will lose about 10 euros on every bank or card transfer.

TransferWise has much lower fees, by comparison. Moreover, they aren’t even going to charge you anything until you transaction 500 pounds!

  1. Stripe

Stripe is a US-based company that accepts applications from a plethora of countries across the world. If, for example, you are located in a country where Paypal is not available, you can safely and effectively use this service instead. 

Like Payoneer, which we have previously described, Stripe creates a virtual bank account for you and even lets you incorporate your firm in the United States. 

On top of that, Stripe has integration with a variety of e-commerce and web stores, so you can find a plugin that you can integrate the service with. The program accepts both one-time payments and recurring ones.

Even though there are no management or setup fees, Stripe does charge 2.9% and 30 cents per transaction

  1. Skrill

Skrill is another quite popular Paypal alternative, and it has garnered a lot of critical enthusiasm because of the service’s low currency conversion rates. Like Payoneer, the program offers a prepaid Mastercard that you can use for offline and online payments. 

You can also check on your Skrill funds anytime from the web and mobile app. From what we have noticed, the service also makes it easier for you to invest in cryptocurrency if that’s what you are interested in. However, given the state of the economy, you might have to consider investing in something else. 

  1. Remitly

With Remitly, another Paypal alternative, you can send money to the Philippines and India, which is not something one can say about other services. They also run promotional offers every now and then, and they sometimes offer zero charges on bigger transfers, such as those over one thousand dollars.

If you want to use Remitly to send money to a debit or credit card, the transfer will be charged just under four dollars. On the other hand, there is the option of you sending out money without any fees, but the person receiving the funds will have to wait for three days before they see them in their bank account. 

Other Paypal Alternatives

Since we don’t want to make this post too long and boring, here are some other alternatives to Paypal that you might want to research on your own. 

  • Coinbase
  • Google Pay
  • Instamojo
  • 2Checkout
  • Square
  • Braintree
  • Amazon Pay
  • Quickbooks Payments
  • Dwolla

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Craig Campbell

I am a Glasgow based SEO expert who has been doing SEO for 18 years.

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