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Best TransferWise Alternatives in 2021 For Fast Money Transfer

Sending money online in 2020 is essential more than ever before. We’ve come a long way from sending money using services such as WesternUnion. After the success of PayPal, many new companies have emerged, each with its own fee structure and advantages. TransferWise is one of those companies.
TransferWise Alternatives Traffic
With more than 16 million views per month, TransferWise is one of the most popular online money transfer services out there. TransferWise is a fast and cheap solution for international transfers, but that doesn’t always make it the right choice for your needs. You may be looking for TransferWise alternatives, and you've come to the right place.
In this list, we’ve gathered more than 10 alternatives to TransferWise. Make sure to check them out while doing your research into ways to send money quickly

Skrill has been around for almost 20 years now, and it is more than a digital payment platform. Sending and receiving money is just a basic function. With this tool, you can buy and sell crypto. You can get a pre-paid debit card issued to your account, or even set up a merchant account for your business.

Moreover, the Skrill Money transfer platform can deliver the money into your bank account, on the same day, if you're lucky enough.

Stripe powers payments for thousands of businesses of every size, from startups to Fortune 500 companies. It is easy to use and create a payment experience with it. In addition, it handles security and daily transfers to your bank account like a dream.

Although it has been around for 10 years now, it was only a couple of years ago that it became a good contender for PayPal itself. Stripe is definitely worth a shot, the creators seem to know what they're doing.

Dwolla allows you to send and receive payments, much like PayPal. They work with all US banks and credit unions. They offer payment API and easy integration with other useful platforms, such as QuickBooks, Plaid, or Slack.

Moreover, Dwolla features account-to-account transfers, next day or same-day ACH transactions, wire, push-to-debit and real-time payments. All in all, they look like they mean business.

FastSpring offers support for multiple payment methods, currencies and languages. It accepts global payment methods such as credit and debit cards, PayPal, Amazon Pay, Wire Transfer or GiroPay.

It boasts an average payment success rate of 90%, thanks to locally processed transactions, multiple payment gateway partnerships and the rerouting of failed transactions.

You can use Popmoney both from a bank's website (if that specific bank offers the services), from their website or from a mobile device. You can send money to a person's e-mail or mobile, and they will get notified when they've received the money.

You can also request money yourself from a certain person or group, and get notified. It's a pretty simple, straightforward payment system. It might not be so popular, but it's a good tool to know about!

Paylane is Level 1 PCI DSS compliant. They also offer 3D Secure verified by all the big league players, like Visa and MasterCard. They're a Polish team and have a general good vibe. They offer a broad range of features, like recurring payments, card data storage, Online payments API, E-commerce payment plugins, merchant services and so on.

Moreover, Paylane keeps a very up-to-date blog on their website and have also created a geeky "Developer Zone" where they teach plugins, integrations etc.

Coinbase makes it easy for the average person and business to use the digital currency Bitcoin. Coinbase lets any consumer create a Bitcoin wallet and start buying/selling Bitcoin instantly by connecting their bank account.

Coinbase provides a series of merchant tools that support some of the most highly trafficked sites on the internet. Coinbase processes the first $1,000,000 of merchant orders for free, with a simple 1% fee after that.

They are a little cheeky in communication, stating that you should "never buy or sell online" without using their Escrow.com. Of course, you're the best judge of that. This fills a gap that other online payment processors like PayPal might have: it guarantees that both the seller and the buyer get what they've bargained for.

Escrow.com has been acquired in 2015 by Freelancer.com, given the fact that escrow services are usually in high demand by freelancers worldwide.

In 2018, eBay abandoned PayPal for Adyen, it's way smaller European competitor. So, this says a lot about this relatively "new kid on the block". They offer customizable B2C payment experience, with easy-to-implement discounts, or other types of rewards.

Their B2B payment system promises flexible payment options and fewer bookkeeping issues. Adyen's flexible platform payment solution features seamless integration focused on user experience and results-tracking.

Apple Pay doesn't need much of an introduction. You're probably already using it to pay in stores or to make in-app purchases. Apple Pay has also invested in an easier and quicker way of sending money to other people, or splitting a restaurant bill, for example.

You can do all these operations just by asking Siri or even get paid through Messages. Moreover, you also get the Apple Wallet which enables you to keep all your cards in one place. And it looks secure.

Although it is run by PayPal, Braintree provides its own share of advanced payment features and seemingly better customer support. Braintree is the "young kid on the block" teaching its grandpa PayPal some tech-focused payment solutions and tools.

Things like recurring billing, customizable sales reporting, and seamless integration with other third-party apps and services like BigCommerce, Shopify, Magento etc are part of Braintree. It also offers Python, PHP, Java, iOS, and Android libraries.

Square offers complete, 360° online store solutions, from the creation and implementation process to integration of the payment APIs. They are also big on contactless service and chip card readers.

Don't be mistaken, Square is very much a payment tool and it offers all the necessary services. You can still send money, get paid, and invoice online through them, but that's just part of the picture. You should check them out and their broad array of services!

StartupStash Team

The world's biggest online directory of resources and tools for startups and the most upvoted product on ProductHunt History.

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