15 Great PayPal Alternatives for Enhanced Payment Services
By Abhinav Girdhar | Last Updated on May 27th, 2024 7:36 am | 6-min read
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In this digital era, with most of the businesses getting online, digital and online payments are one of the unavoidable needs. The age that we live in, asks us to have online solutions for almost everything, including payments. Making transactions via internet banking or swiping a card is much easier than carrying cash everywhere or making ATM visits now and then. Internet banking has become a lot simpler today than when it started a few years ago, however, some of us still find it clumsy and look for alternatives.
- It has been recognized for freezing accounts for up to six months without warning
- It doesn’t offer digital products and services protection for the sellers
- It usually takes longer time to withdraw money – three to five days as standard
- Its alternatives charge lesser fees than PayPal’s 3.7 percent plus US$0.30
- Authorize.Net
- Payoneer
- Square
- Google Pay
- 2Checkout
- WePay
- Skrill
- Dwolla
- Stripe
- Amazon Pay
- Shopify Payments
- Intuit
- Braintree Payments
- TransferWise
- Worldpay
Authorize.Net has been operating since 1996. It handles over one billion transactions, has more than 43,000 merchants, and facilitates $149 billion in payments every year. It has gained good credibility and popularity over the years. The platform offers an advanced fraud detection suite that helps customers flag fraud transactions and avoid any inventory loss in the future. The suite comes for free and has 12 filters that you can modify any time as per your business needs.
Payoneer facilitates money transfers and other online transactions securely, quickly, and at low cost by international clients. The platform has over 4 million active users worldwide. It specializes in diversity in fund transferring for various industries and markets which is why it doesn’t matter if your company is focused on online advertising, e-commerce, vacation rentals, or any other industry, it works better for you anyways.
You need to select your business type and size to get signed up for Square. It is one of the most popular platforms that has won its stake of popularity because of the comfort of the transaction fee it offers. With this platform, merchants need not pay any monthly fee or maintain a minimum amount. They get enormous deals without even becoming old users.
Google Pay is the best platform to pay in apps, on websites, in-store through cards saved in your Google account. With this payment gateway, you can add your card details to your Google Account and enjoy convenient and quick payments, wherever you are.
2CheckOut is a global payment solution that offers eight payment types, 87 currency options, and 15 languages in over 200 global markets. It offers a mobile-friendly experience with branding personalized to your business. 2Checkout offers this amazing feature of setting up standing instructions on recurring bills. If you have any monthly recurring bills, you can sign up for the subscription accordingly.
WePay is a payment solution more about easy onboarding and integrated payments. It is popularly known for its quick and smooth operations. The platform offers a wide range of products to target different sections of their target audience. It specializes in unique and omnichannel software platforms and enables businesses to embed payout capabilities and transactions with a single integration.
Skrill is a payment platform that allows users to transact using store cards and linked bank accounts. It helps users make payments using a linked email address and password. It uses various functionalities such as online gaming and betting to help people stay connected.
Dwolla was founded in 2008 and began with the task of renovating the digital payment industry. Apart from its payment services, it is best known for its outstanding user interface and detailed focus on delivering an excellent user experience on the platform. The platform is developer-friendly and can be easily integrated with your application.
Stripe is a payment solution that helps you get your work done instantly. It offers various extremely simple features that once you start using them, they have layers of functionalities within each of them.
Amazon Pay offers a simple interface and sign-up process. As everyone is familiar with the brand, it would be easy for your customers to pay using Amazon Pay. The platform offers advanced security and fraud protection at no additional cost.
Shopify Payments is an integrated payment processing system that is a by default part of the popular Shopify platform. You need not worry about embedding an external payment gateway. The platform simply allows you to manage your payment processing system right on the main dashboard page.
Intuit offers a wide range of financial services. Its online payment processor is called QuickBooks Payments that claims twice as fast speed for the payments once you sign up and start using the service.
It allows users to send invoices online, takes mobile card payments, and set up recurring billing. It sends real-time alerts to the customers when they view or pay invoices. Users also get automated payment reminders and can access the real-time adjusted invoice data entry in QuickBooks.
Braintree is a high-level payment processing platform in the market. It offers a big bunch of features that make payment operations and services smooth and seamless. With this wide range of features, users need at least two days to understand the platform.
TransferWise is one of the best platforms for international transfers. It is a cheaper PayPal alternative when compared to others. It reduces the sneaky unseen charges and sticks to one standard transfer fee.
Whether you need to pay on any point-of-sale, terminal, or online, the payment method doesn’t count when you use Worldpay. It offers multiple payment options in card-not-present conditions. They help you make your online payments easily with a specific focus on helping you grow your business using strategic payment processes.Conclusion
PayPal has its strengths, but there are numerous great alternatives out there that you can consider. Many of these alternatives offer features better suited to various business needs and many have lower fees to go with. We will not advise you to completely write off PayPal, but it is always a good idea to explore more options and get the taste of finding out the best PayPal alternative. Now that you know almost all the top PayPal alternatives, to smoothen up your payment processes a little bit more, you can create a payment app for yourself using Appy Pie’s Payment App Builder. This app will help you instantly transfer money to anyone, anywhere in the world.Related Articles
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