When it comes to online payments, PayPal is usually the first option. With PayPal being as popular as it is, it’s quite easy to trust them with your bank information. Also with PayPal, you don’t have to worry about anyone else getting your private information since all of the money goes through PayPal first. Also when it comes to scams, PayPal has got your back there… usually.
But still, even with PayPal being a great option, we all have different needs. Maybe you just want to give people more options when it comes to paying on your online store. Whatever the reason may be, here are 6 popular alternatives that may be useful for you
Skrill is a reasonably popular alternative to PayPal. Though PayPal is a better option for most people, Skrill has its own advantages as well. Skrill is completely free of fees, except if you don’t use your account for 12 months, then it costs you a fee of $5. Skrill also doesn’t require you to have a credit card, you can deposit money to your account by buying prepaid cards. With Skrill, you can have a prepaid credit card that you can use for payment. It works together with your Skrill wallet.
If you’re looking for a good payment option for your online business, Stripe might be for you. Stripe isn’t really an online wallet, but an online credit card processing system. You can integrate it into your website, so users don’t have to visit external websites for paying. The downside to Stripe is that it’s limited to only a few countries. It may be a bit complicated to integrate for inexperienced users too, but it’s worth looking into.
WePay is pretty similar to Stripe, as it is an online credit card processing system too. The system is owned by JPMorgan Chase and it can be easily integrated with its systems. If you’re using this system with an account in this banking giant, you’ll have same-day deposits available and some other features.
Payoneer is another great option as it functions similarly to PayPal. Payoneer is a popular option among freelancers as they usually receive international payments. It operates in more than 150 countries and takes minimum fees per transaction. Payoneer’s main focus is on international payments, so if that’s what you need, you should check it out.
Venmo is a more and more popular option for quick money transfers. This isn’t a map made for businesses, but for small transfers of money between people. Venmo is an interesting and unique option as it includes some aspects of social media, including likes and messages on payments. Your transactions can also be made public, so you and your friends can see each other’s transactions.
With Amazon being the giant that it is, Amazon Pay might be an alternative to consider as well. Amazon Pay offers similar fees for transactions as PayPal, so it’s a solid alternative when it comes to costs. Amazon Pay also perfectly integrates with Amazon products like its stores or even Alexa. With how quickly Amazon is taking over many industries, Amazon Pay might become an even bigger deal.
PayPal is very popular, and it’s for a reason. It’s just an overall great option for online payments. It’s safe, fast, and cheap. But if you’re still looking for an alternative, there are some really good ones. This list includes 6 alternatives to PayPal that may be or may become better in some departments than PayPal. It’s for you to decide what works best for you and what your needs are.
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