PayPal Alternatives

PayPal is the world's largest online payment platform, founded in 1998. It is the most widely used convenient payment platform that acts as a digital wallet. It had more than 244 million active accounts worldwide and used by more than 17 million businesses. It allows website owners to collect money online by selling products as well as services.

Pros of PayPal

Pros of PayPal are listed below -

Paypal is a trusted online payment platform around the world.
It allows us to send and accept money quickly.
It provides a safer way to send and receive money.
It has a powerful eCommerce, reporting, and payment processing tools.
It provides peer-to-peer payment capabilities.

Cons of Paypal

PayPal blocked accounts for small issues.
High fee per transaction.

Although PayPal is a very popular online payment platform used by millions of users, there are also some PayPal alternatives are available with lower cost, better user interfaces, and better customer service.

There are the following companies that are good alternatives to PayPal -

Stripe
Skrill
Amazon Pay
Square
2CheckOut
ProPay
Google Pay
Payoneer
Payline
WePay
Braintree
Venmo

1. Stripe - E-commerce and online businesses

Stripe is one of the most popular PayPal alternatives, specially designed for online businesses. It was created by John and Patrick Collison in 2010. It is only available for companies & businesses situated in the U.S. and Canada. It is the best option for running an internet business. It provides attractive APIs to receive payments, send payments, and manage online businesses.

Pros of Stripe

A list of Pros of Stripe is given below -

Stripe easily integrates with e-commerce stores and web stores.
It is suitable for both small as well as large businesses.
It provides the most powerful, flexible, and easy-to-use APIs.
It is the backbone of all online businesses.
Automatically updates the transaction money in the bank account.
Only pay for what you use.
It is a cloud-based secure online payment platform.

Cons of Stripe

Programming knowledge is required.
Requires an additional 1% transaction fee on international cards.
It is available in a few countries.
It is not suitable for high-risk industries.

Platform

Stripe available on iOS and Android.

Pricing

Stripe fees start at 2.9 percent of the transaction value plus $0.30.

Website

Click on the given link to create a free Stripe account - https://stripe.com/en-in

2. Skrill - Online payments and money transfer

Skrill is the well-known PayPal alternatives designed for an online payment system. It is also known as MoneyBookers. It is a simple online payment platform used for both personal as well as business use. It allows us to link accounts, store card details, send and receive money using our email address and password. It is used by more than 200 countries with 40+ currencies.

Pros of Skrill

A list of Pros of Skrill is given below -

Skrill is very simple-to-use.
It is a more secure platform.
It is easy to create an account on Skrill.
International payments transfer is easier.
We can use skill account anywhere around the world for secure transactions.
It is used for both US and European clients.
It is available in over 200 countries and allows us to work with 40 currencies.

Cons of Skrill

If we do not use the Skrill account for 12 months, a small charge of $5 is assessed.
Customer services are not the best.
It cannot perform too big payments.
Problems related to freezing accounts.

Platform

Skrill is available on iOS, web, and Android devices.

Pricing

Skrill is free to open a personal account. It charges 1.45 percent, plus $0.50 to send and receive funds.

Website

Click on the given link to learn more and create a Skrill account - https://www.skrill.com/en/

3. Amazon Pay - A trusted payment solution

Amazon Pay is one of the greatest and most commonly used PayPal alternatives. It is also called Amazon Payments. Amazon Pay is a payment service provider (PSP) launched in 2007. It allows merchants, shoppers, and charities to login to Amazon Pay account and saves payment details on it. It is available in 18 countries, including US, U.K., India, France, Germany, Denmark, Italy, Luxembourg, Portugal, Sweden, Spain, Belgium, Ireland, Cyprus, Hungary, and the Netherlands.

Pros of Amazon Pay

A list of Pros of Amazon Pay is given below -

Amazon Pay easily integrates with CRM, eCommerce, and online stores.
It is a fast, secure, user-friendly, and trusted payment processing platform.
It provides more security from Amazon's fraud protection.
It is easy to create and sign up Amazon Pay account.
It offers voice shopping capability using Alexa.
It eliminates the checkout barrier.
It automatically activates for uses who have an Amazon account.
It is suitable for small, large, and nonprofit organizations.

Cons of Amazon Pay

Programming knowledge is required.
It is not suitable for high-risk industries.
Numerous complaints related to customer service.

Platform

Amazon Pay is available almost on all devices, such as the web, iOS, and Android.

Pricing

For domestic US transactions, Amazon Pay requires 2.9 percent plus $0.30. and for cross-border transactions, it requires 3.9 percent plus $0.30.

Website

Click on the given link to sign up with Amazon Pay - https://pay.amazon.com/

4. Square - Suitable for small businesses

Square is the popular PayPal alternatives for online payments. It is one of the cheapest payment processing service established in 2009. It allows us to accept payment using cards, cheques, and gift cards. It manages and attracts a large number of users. Its database integrates with customer feedback, invoices, and appointments.

Pros of Square

A list os Pros of Square is defined below -

Square allows us to swipe cards without using an internet connection.
It easily integrates with the eCommerce store.
It comes with an online store and a free domain.
It is suitable for small businesses.
It quickly reaches more number of online customers.
It does not charge any monthly fees.
It accepts every kind of payment.
It is cheaper as compared to other PayPal alternatives.
Its maximum transaction limit is $50,000.

Cons of Square

Square only available in the US, U.K., Australia, Canada, and Japan.

Platform

Square is suitable for the web, iPad, iOS, and Android devices.

Pricing

Square charges 2.6 percent + 10 cents for each credit card transaction. For manual payment, it charges 3.5 percent + 15 cents. For eCommerce websites, Square charges 2.9 percent + 30 cents.

Website

Click on the given link to get in-depth knowledge about Square - https://squareup.com/us/en

5. 2Checkout - Single payment provider that works with currencies, countries, as well as languages

2Checkout is considered great PayPal alternatives. It is used to collect payments worldwide. It requires the high transaction and transfer fees. It supports 8 payment types, 200 countries, and 30 languages to send and receive payments. It provides more security compared to other alternatives that's why most of the users prefer the 2Checkout payment option for online transactions.

Pros of 2Checkout

A list of Pros of 2Checkout is given below -

2Checkout is used to collect payments worldwide.
It supports more than 87 currency options and 30 language options in over 200 countries.
It allows us to accept 45 payment methods.
Lower fees for international transfers.
It provides a secure, mobile-friendly environment.
It easily integrates with more than 100 online cards, APIs, and sandbox.
It allows us to accept payments using credit cards, debit cards, and Paypal.
It includes various important features such as recurring payments, multiple currencies, hosted checkout experience, easy integration, global payment options, and multi-language support.

Cons of 2Checkout

There are the following Cons of 2Checkout -

A 1% fee applies to payments you accept from customers outside of the United States.
Lots of eCommerce options.
Withdrawal options are not available.

Platform

2Checkout is available on the iOS device.

Pricing

2Checkout transactions plan starts at 2.9 percent plus $0.30.

Website

Click on the given link sign up for 2Checkout - https://www.2checkout.com/

6. Dwolla - U.S. based high volume of bank transfer

Dwolla is a fast-growing, fully customizable payment solution for businesses. It is one of the simple, cost-effective, and popular online payment service similar to PayPal. It allows us to send money to our friends and family online using an internet connection. It provides various options to make payments using the web, wallet and bank to bank, bank to seller, customer to seller, and seller to buyer payments. With a single API request, Dwolla allows us to send up to 5,000 payments.

Pros of Dwolla

A list of Pros of Dwolla is given below -

Dwolla provides a developer-friendly environment.
It is simple to implement.
It provides strong security.
It easily integrates with applications.
It is easy to add back accounts.
Low transaction cost. Fee is only $0.25.
An instant cash transfer is offered.
It allows us to process thousands of payments at a time.
It provides an instant cash transfer facility.

Cons of Dwolla

Dwolla only available in the US.
If both the sender and receiver are not using Dwolla, then it not possible to make payments.
Payment acceptance is low as compared to PayPal.
No linking with credit cards and debit cards.

Platform

Dwolla supports iOS as well as Android devices.

Pricing

Dwolla charges $2000 per month for small organizations and $10,000 per month for large organizations.

Website

Click on the given link to sign up with Dwolla for the online transaction - https://www.dwolla.com/

7. Google Pay - Quick, easy, and well-known brand

Google Pay is a simple, fast, more convenient, and most widely used online payment transfer mode available only in the USA and India. It is one of the best PayPal competitors. It is available for iPhones as well as Android. It also function as a virtual wallet, store credit and debit card information within Google account for making it easily available anywhere using an Internet Connection. It provides various payment management tools and easily integrates with e-commerce website stores, apps, CMS sites, and more.

Pros of Google Pay

A list of Pros of Google Pay is given below -

Google Pay is completely free to send and receive money from a bank account through Gmail.
It allows us to use various payment methods like credit cards, debit cards, bank transfers, and UPI.
It allows us to use ready-made integration.
It accepts payments easily and instantly.
It provides rewards straight to our bank account.
It is available 24/7 to help detect fraud, prevent hacking, and chat support.

Cons of Google Pay

Google pay is not invincible.
It only works on NFC technology.
Not acceptable everywhere.
Support on only certain phones.
A high-speed internet connection is required.

Platform

Google Pay is used on Andriod devices.

Pricing

Google Pay is completely free to use.

Website

Click on the given link to know more about Google Pay and sign up with Google Pay - https://pay.google.com/about/business/

8. Payoneer - Small to medium-sized businesses

Payoneer is the most commonly used PayPal alternatives in the world. It is founded in 2005 and provides the best solution for small or middle-sized businesses. Payoneer provides a peer to peer payment transfer method that allows us to send money anywhere in the world. It operates in more than 200 countries, including India, Pakistan, Japan, Canada, Australia, and more. Using Payoneer, users can quickly check account balance, do multiple transactions, and fund withdrawals.

Pros of Payoneer

A list of Pros of Payoneer is given below -

Payoneer is more suitable for small as well as medium-sized businesses.
Its pricing is simple.
It does not require programming knowledge.
It allows us to transfer money quickly and securely.
It is very easy to set up a Payoneer account.
Payoneer account can be used anywhere in the world.
It is a reliable online payment option.
There is no transfer limit available on Payoneer.
It offers straightforward and seamless transactions.

Cons of Payoneer

Accepting credit cards will result a high fee.
It does not directly integrate with eCommerce and other membership websites.
Free is higher as compared to Stripe and PayPal.

Platform

Payoneer is suitable on iOS, Android as well as web versions.

Pricing

Payoneer plan starts at the cost of $29.95 a month.

Website

Click on the given link to create a free Payoneer account - https://www.payoneer.com/raf/?rid=AE0F6CEF-C44F-4FE0-B8EF-5B480E64B830

9. Payline

Payline is one of the best PayPal alternatives. It offers various flexible credit card processing solutions for mobile, online, and in-store payments. It easily integrates with Shopping carts, QuickBooks, card readers, as well as Point of sale (POS) systems. Payline provides popular features like custom invoicing, ACH payments, and custom payment pages.

Pros of Payline

A list of Pros of Payline is given below -

Payline is cheaper and flexible as compared to other PayPal alternatives.
It supports mobile payments.
Its price structure is significantly transparent.
It offers fully featured APIs to provide integration with third-party solutions as well as platforms.
It does not charge any cancelation fees.
Payline provides a user-friendly interface.
It provides fraud protection and account security capabilities.

Cons of Payline

There are the following Cons of Payline -

Payline is only available in the U.S.
Its payment processing features can't match PayPal's.
It is difficult to predict payment processing costs.
Limited customer support.

Platform

Payline is available on iOS and Android devices.

Pricing

Payline paid plan starts at the cost of $10 per month for visual terminal + 2.25 % transaction fee.

Website

Click on the given link to get in-depth knowledge about Payline - https://paylinedata.com/

10. WePay - For small businesses

WePay is a PayPal alternative developed in 2008 and owned by JP Morgan Chase. It is used for smooth operations and straightforward onboarding. Due to the low weekly limit, it is not suitable for a merchant account. WePay online services are available in the US, UK, and Canada. Its daily transaction limit is $10,000 per week.

Pros of WePay

A list of Cons of WePay is given below -

WePay is suitable for bank transfers, and crowdfunding uses.
It is a user-friendly platform.
No programming knowledge is required to accept payments with WePay.
It provides high-level PCI security.
It is suitable for direct bank transfers.
It provides various customization options.
It is suitable for small, medium, as well as Enterprise businesses.
It is easy-to-setup a new WePay account.
Lower cost as compared to other PayPal alternatives.

Cons of WePay

There are the following Cons of WePay -

Need to improve admin reporting.
It is difficult to switch the admin role after it has already been assigned.
Maximum transaction amount of $2,500.

Platform

Desktop, iOS, and web support WePay platform.

Pricing

WePay charges 2.9% + $0.30 for each transaction.

Website

Click on the given link to visit WePay official website - https://go.wepay.com/

11. Braintree - Suitable for large businesses and corporations

Braintree is the best Paypal alternatives. It is a global payment platform that supports various types of payments. It is a developer-friendly platform that is used to accept online payments in more than 45 countries with more than 130 currencies. This payment solution is used by large organizations such as Uber, DropBox, GitHub, and more. It allows us to collect recurring bills as well as store credit cards. Braintree offers Python, Java, iOS, PHP, and Android libraries.

Pros of Braintree

A list of Pros of Braintree is given below -

Braintree uses powerful APIs to easily accept online and mobile payments.
It is easy to accept payments using Braintree.
It easily integrates with PayPal and other large online payment providers like Apple Pay, Venmo, Amazon Pay, and Google Pay.
Its pricing policy is simple and straightforward.
It allows us to accept payment using various payment methods, including PayPal, Google Pay, Venmo, and cards.
It provides more advanced features as compared to PayPal.
No transaction limit

Cons of Braintree

A separate merchant account is required to work with the system.
It is not suitable for high-risk industries.
Programming knowledge is required for CRM integration.

Platform

Web, Android, and iOS devices support Braintree online payment platform.

Pricing

Braintree standard plan charges 2.9% plus 0.30 cents per transaction, and a custom plan is available based upon the customer's request.

Website

Click on the given link to get in-depth knowledge about Braintree sign up with the Braintree - https://www.braintreepayments.com/

12. Venmo - Best for Millennials

Venmo is a widely used popular mobile payment system for individual online payments and bank to bank transfer. It is a fast, reliable payment platform that allows us to securely send money to our contacts. It allows us to add a bank account as well as debit card information. Currently, more than 60 million people use the Venmo platform for the online transaction.