PayPal is a well-known solution for companies looking to accept payments worldwide, manage their finances, and send invoices. With 244 million active accounts in 2018, PayPal is one of the most popular payment processing tools out there.
More and more companies are looking for PayPal alternatives these days since this company has lots of limitations that slow down the process of running the business.
When it comes to choosing the proper payment solution, you need to pay attention to the fees, data security, and customer service.
For those of you who are looking for Paypal replacements or want to know other flexible solutions, in this list, we have put together 32 great Paypal alternatives that work for startups.
Payoneer is the first option that crosses my mind when it comes to Paypal alternatives. Payoneer allows you to send money using a debit card, credit card, and ACH payments. It is fast, – the payments can be completed in just 2 hours.
Pricing: Processing fee starts at 3%
Skrill has a clean, user-friendly interface. It offers you a prepaid debit card. The fees may be the same as Paypal, but it makes international payments easier since the payments can be sent to the debit card at once. After that, you can use your debit card to withdraw money using an ATM.
Pricing: Receiving money into your Skrill account is free. Send payment for only 1.45% fee. Withdraw funds with 7.50 % fee.
Transferwise is a much faster and cheaper solution for international transfers. You can send and receive money on their service without borders. It merely works: clients pay in their currency, and you get the payment right on your bank account within a few hours in the currency of your country. You need to share your phone number and last four digits of your credit card to receive money.
Pricing: You need to pay a difference in exchange rates and small Transferwise fee.
Selz is a tool that will help you to create your online store or sell goods on social media. It is not a payment system, but an online store builder with ‘drag and drop’ feature and more. Besides that, you can integrate your payment gateway with Selz without other external services. They offer automatic Tax Invoices for your customers.
Pricing: 2% transaction fee; 2.9% + 30¢ processing fee¹
Using Google Pay, your clients can make purchases using your website and app. You can enable shopping across devices to reduce missed conversions and forgotten passwords. This is one of the best options for store owners. It takes a second to get or receive a payment.
Pricing: Google Pay has no fees for using debit cards or making bank transfers, though you have to pay a 2.9% fee for credit cards.
2checkout is another perfect Paypal alternative tool. It’s all about accepting payments globally. The commission in the USA is almost the same as Paypal, but when it comes to receiving payment from other countries, they offer better rates. It allows you to sell any product abroad.
Pricing: 2SUBSCRIBE pricing plan requires 4.5% + $0.45 per successful sale. 2SELL requires 3.5% + $0.35 per successful sale.
Stripe is a global startup company with a 19% market share. Companies of any type and size use the service to accept payments and manage their business needs. Developers love this service for Stripe’s API that allows quickly add a payment method to a website.
Pricing: 2.9% + 30¢ per successful card charge
Wepay features not only excellent customer support but also a virtual terminal that allows you to make purchases online without leaving the website. The company was established in 2008.
Pricing: 2.9 percent + $0.30 per credit card payment; 1 percent + $0.30 per bank transfer.
Quickbooks or Intuit is a popular useful tool for small business owners who need help with their finances. It gives you an ability to accept payments both in-person and online. Besides, it can help you to pay taxes, manage salaries, and file payroll tax forms.
Pricing: 2.4 percent + $0.25 per swiped, tapped or dipped transaction; 3.4 percent + $0.25 per keyed transaction
ProPay was built in 1997. It provides similar features as PayPal, along with the ability to send and receive payments worldwide. For those who are doing transactions in person, you can use ProPay JAK. It is a mobile phone credit card reader that process cards in real time.
Pricing: Pricing depends on the type of transaction and card you have.
For those of you who sell products and services with Shopify, you need to get a closer look at their in-built service called Shopify Payments. It gives you low processing fees, allows you to accept payments using different cards (Visa, Discover, Mastercard, and American Express), and have all your data at one place.
Pricing: Online credit card rates 2.9% + 30¢. In-person credit card rates 2.7% + 0¢.
Amazon Pay if the first tool for letting people checkout at your online store. It features an account with user login where all information is stored. It makes the process faster and smoother than with regular shopping cart.
Pricing: The fees start with 2.9 percent+ 30¢ per transaction
Dwolla is another tool similar to Paypal. Just like Paypal, it allows you to send and receive payments from individuals and companies. Their main specialization is ACH bank transfers, so that bank transfers are super secure. But the main disadvantage is that you can’t create an account with Dwolla outside of the US.
Pricing: depends on transaction volume
This tool will come in handy for e-commerce store owners because it offers web and mobile payments. You can store credit cards with Braintree just like Google Pay. Paypal runs this company, but it still provides more advanced list of features and better customer support.
Pricing: 2.9% + $.30 per transaction.
This tool will help you to manage payrolls. With Square, your employees can clock in and out of work and set up direct deposits. Besides, Square grants small business loans that you can pay back with a percentage of daily sales.
Pricing: 2.9 percent fee + $0.30 per transaction
With Payza you can accept payments using a credit card and bank account. Moreover, the tool also works with cryptocurrency.
Pricing: 1.99 percent + $0.25 per transaction
Venmo is famous for its feature to send cash to friends. When you create an account on Venmo, it offers you to make a list of friends. After that, it is way easier to send money to people from this list. The business can use it for the checkout process.
Pricing: It’s free to send or receive money from a linked bank account. Electronic withdrawal (standard or Instant) from $0 or 1%* (min. $0.25). $2.50 for out-of-network ATM withdraw.
Payline offers you straightforward, transparent, and flexible payment processing experience. It is a useful service for store owners – you can use it whether you’re in-store, mobile, or online.
Pricing: Swiping in person: 0.2% ($0.10 per transaction | $10 per month)
Click2sell is a reliable Paypal alternative that offers almost all the same features. It accepts Paypal, Skrill, and credit card payments. The main difference is that they have potent reports and affiliate tracking.
Pricing: Depending on your plan, $1.50 + 7 percent per direct sale or $1 per transaction up to $19.99
Klarna is a service that offers its customers ‘pay later’ feature. It means you can purchase goods online and pay with Klarna. Then, you have from 14 up to 30 days after delivery to pay them back interest-free.
Pricing: Free for up to one month
Merchant claim to be a hassle-free payment processing company that gives you more control over your funds than Paypal. They allow a grace period that can help you to resolve disputes rather than freeze your account, just like Paypal usually does.
Pricing: Processing fees start at 1.99 percent + $0.25 per transaction
Another perfect payment solution for global companies. Wirecard works with over 100 transaction currencies and 200 payment networks that gives you almost complete freedom. With this tool, you can do in-store payments, mobile payments, value-added services, and much more.
Pricing: The pricing is available upon request
BlueSnap allows you to add payment methods to your websites, stores, and apps. Your customers can make purchases with credit cards, bank accounts, or similar online payment systems.
Pricing: 3.90% + $0.30 or you can develop a personal pricing plan.
Whether you use terminal, online, or point-of-sale with Worldpay, it does not matter. They provide EMV chip card payments and also alternative payment options in the situations when your customer has no card.
Pricing: Pricing is available upon request
FastSpring is an e-commerce platform for software and Saas companies. With this service, you can easily enable payments online or in an app. You can make popup checkout for clients, personalized shopping experience and more.
Pricing: Pricing is available upon request
Viewpost is a full-featured payment and billing solution that will be suitable for both single freelancer and huge enterprise company. You can view payment history in your account and keep track of all transactions.
Pricing: $14.99/month plus transaction fees
Authorize has over 43,000 merchants and handles more than one billion transactions per year. This is a big company that accepts credit card and electronic payments in person, or over the phone.
Pricing: No setup fee, free monthly gateway, 2.9% + 0.30 cents per transaction
Send, receive or request money online with Popmoney. The process is transparent and straightforward: cash moves from one bank account to another without any middle accounts.
Pricing: Flat $0.95 per transaction to use it here at Popmoney.com
Without setup or cancellation fees, Charge is a good credit card processing platform. It enables you to accept payments online and in stores.
Pricing: Merchant Account Application Fee and Web Shopping Cart are free.
If you have SaaS or e-commerce businesses, you need to take a closer look at Paylane. This tool allows you to accept payments in various currencies and formats. Smashing Magazine and The Next Web use it.
Pricing: 2.8% + 0.25 EUR and 0 for Paypal
Coinbase is a cryptocurrency trading platform that allows the business to get Bitcoin transfers. If your client is familiar with cryptocurrency, they can easily send your payment to your Bitcoin wallet. Then, you can merely convert this amount into your local currency, or transfer to another payment service. But remember about exchange rates.
Pricing: Pricing varies depending on the cryptocurrency
All iPhone users can get the advantage of using Apple Pay to transfer money. Previously, I used it only to pay products in stores without a card. When a person sends you cash, it stores automatically in your Apple Wallet. You can spend it using Apply Pay or transfer on your bank account within 1-3 business days.
Pricing: It charges the banks as a rebate for every transaction. No fee for merchants.