Best PayPal Alternatives. PayPal is the top dog when it comes to online payment services, processing over $150 billion worth of payments per quarter. It’s generally easy to use and a secure way to send money while buying products and services online, but it does have its downsides.
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Fortunately, there are several online and mobile payment alternatives available to businesses and consumers. Below you can read some of the best PayPal alternatives for taking payments and sending money to your friends and family.
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PayPal Alternatives for Businesses
One of the biggest questions regards PayPal alternatives for businesses. What services can a business use to use online and mobile payments instead of PayPal? There are several options available that businesses of all sizes can use.
4 Best PayPal Alternatives
- Skrill
- Neteller
- Venmo
- Payoneer
Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers.
Wikipedia
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Skrill |
The first on our list is
Skrill, which is one of the most popular alternatives to PayPal for business and personal use alike.
It lets you send and receive money, link bank accounts, store cards, and even make payments with nothing but your email address and password.
It has support for over 30 countries around the world, and it is a great option when it comes to fees.
Features:
- Easy to use
- Support for Android and iOS
- Instant payments
- Constant access to money
- Opening account is free
Neteller is an e-money transfer service used to transfer money to and from merchants, such as forex trading firms, social networks firms. It can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts.
Wikipedia
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Neteller |
Next, we have
Neteller — an eWallet payment system that provides both, individuals and businesses with a simple, safe, and fast way of moving money around. It is one of the largest independent money transfer businesses in the world, and it processes billions of dollars’ worth of transactions on a yearly basis.
Features:
- Fast, efficient, and flexible
- Owned by a publicly listed firm
- Has an in-house VIP reward program that lets you earn money
- P2P transfers let you send funds around the world instantly
Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. Venmo is a type of payment rail. It handled $12 billion in transactions in the first quarter of 2018.
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Venmo |
Another online payment platform worthy of mentioning is
Venmo, which is actually another digital wallet, and a social commerce platform. It is an excellent way to carry out purchases and different transactions. It also offers numerous different features that can be very useful for users.
Features:
- Instant messaging
- Data encryption
- Mobile app
- Web apps
- Social media syncing
Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Wikipedia
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Payoneer |
Payoneer is one of the most popular payment platforms around the world, and one of the main competitors to PayPal. It is an international money transfer platform that allows you to accept payments from clients around the world, including freelance marketplaces, ad networks, affiliate networks, and more.
Features:
- Easy to use
- Global support
- Direct bank withdrawal
- Supported by most popular companies
- International prepaid card
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