Fortunately, now PayPal has a lot of competitors that can be our substitute for this giant online payments system.
PayPal Alternatives – The most popular and widely accepted alternatives to PayPal are 2checkout, Skrill, Payoneer, Google Pay, Digital River, Dwolla, TransferWise, and Authorize.net.
Now that we have a short answer to your question; let us elaborate it in details.
The Most Popular PayPal Alternatives:
2checkout is considered to be the biggest competitor of PayPal when it comes to online payment systems. With more than 200 countries supported, 2checkout is the second most accepted payments platform in the world.
Using 2checkout is pretty simple with easy payment integration in any platform. It has the highest security level as it applies 300 fraud checks to every transaction. With over 45+ payment methods and 17000+ active clients globally, 2checkout dominates this list.
See Pricing: 2checkout charges starting as low as 3.5% per transaction + 0.30$ compare to PayPal’s 5.4% per transaction + 0.30$.
Payout Landing Time: Instant to up to 5 days (depending on payment method we choose)
A Paysafe Group operated company offers free registration to its users. No surprise that Skrill has access to all the worldwide countries.
See Pricing: Sending and receiving money is free, Skrill charges start very low at 1.45% per transaction +0.50$ depending on the country. And currency conversion at 3.99% with wholesale exchange rates.
Payout Landing Time: From 24 hours to 5 business days.
The oldest alternative to PayPal is Payoneer. Founded in 2005, the company provides all types of digital payment services in almost every country in the world. You name it; they have it. You can find them operating in every sector of the market. Be it ecommerce, freelancing and private services, and digital products and services.
See Pricing: Payoneer to Payonner need no charges at all, 3% is charged from all credit cards per transaction. Withdrawal to your bank will be charged up to 2% above the market rate of the currency.
Payout Landing Time: 2-5 business days.
4) Google Pay:
Google Pay is one of the most emerging online payment systems today. Almost half of the world countries today accepting Google Pay in less than five years of its launch back in September 2015.
Google Pay not only to provide services for Google Products, but it also facilitates sent and receive payments through various online merchants, ecommerce, and digital services platforms within over 100+ countries.
See Pricing: 2.9% per transaction + 0.30$.
Payout Landing Time: 1-5 business days.
5) Digital River:
If you are looking for the PayPal Alternative that can provide you with customized options as per your needs, then you should consider choosing Digital River as your preferred payments system.
The Digital River offers you a flexible API option to integrate them as you want with CMS’s like WordPress and DXP’s like Adobe.
Not only this but with Digital River’s Onshore Advantage, it can accept any local payment method that exists in the world today.
See Pricing: Just like the service, its pricing is also customized as per the type of payment methods you want. You can contact Digital River directly to quote the price.
Dwolla is a systematic ACH Payment Processor helping lots of developing businesses and enterprises with its configurable API suitable for any platform we use.
If you are a beginner and wanted to scale your business, Dwolla’s Pay As You Go plan is suitable for you. However, the platform is trusted by many innovative companies around the world for their services.
See Pricing: Dwolla offers three plans. Pay As You Go, Scale, and Enterprise. The first plan will charge 0.5$ per transaction that limits to 5$. The scale plan is fixed at $2000 a month. The Enterprise plan is complete customizable that costs $10,000 a month.
Payout Landing Time: 1-2 business days.
TransferWise calls itself the cheapest way to send money abroad that is cheaper than a bank. Having covered of around 66 countries worldwide, TransferWise has 8 million active clients sending money regularly through the network.
TransferWise accepts new users through email, even with Google or Facebook accounts. It’s fast and reliable money transfer process is simple and easy to setup. One can consider TransferWise as the cheapest alternative to PayPal when it comes to fees they charge.
See Pricing: TransferWise charges 0.6% for every transaction from the USA to Europe + 1$ as a fixed charge.
Payout Landing Time: 1-2 business days.
Small and medium scale businesses find this PayPal alternative as a complete solution to their billing problems.
Authorize.net is standing in the payments gateway market since 1996. Being a VISA subsidiary, Authorize.net has one of the best API setups for its professional clients.
Features like Advanced Fraud Protection and 24/7 support from real people make this company a trusted and strongest competitor in the market.
See Pricing: 2.9% + 0.30$ per transaction.
Payout Landing Time: 3-5 business days.
No matter which country you live in. There is an alternative available for PayPal in your country.
PayPal Alternatives by Country:
To save your time, here we have listed the country-wise alternate options for PayPal in the below-mentioned table:
|United States||2checkout, Amazon Pay, Apple Pay, Authorize.Net, nmi.com, Digital River, Dwolla, Google Pay, OFX, Paymentwall, Payoneer, Paysafe Group, Square, Stripe, WePay.|
|UK||2checkout, Amazon Pay, Apple Pay, Authorize.Net, nmi.com, eWay, Google Pay, IP Payments, OFX, PayPoint, Paysafe Group, Realex Payments, Payoneer, Square, Stripe, TransferWise, Trustly, WorldRemit.|
|Canada||2checkout, Apple Pay, Authorize.Net, Google Pay, OFX, Paysafe Group, Payoneer, Square, Stripe.|
|Australia||2checkout, Apple Pay, Authorize.Net, BPay, eWay, Google Pay, IP Payments, OFX, Paysafe Group, Payoneer, Square, Stripe.|
|Japan||2checkout, Amazon Pay, Apple Pay, Google Pay, Paysafe Group, Payoneer, Square, Stripe.|
|China||Alipay, Apple Pay, Tencent, WeChat Pay,|
|Russia||Apple Pay, Google Pay, PayU, Qiwi, WebMoney.|
|India||2checkout, Amazon Pay, BHIM, Google Pay, M-Pesa, Paytm, Paysafe Group, Payoneer, PayU, PhonePe.|
|European Countries||2checkout, Adyen, Amazon Pay, Apple Pay, Atos, Authorize.Net, CM, Google Pay, Klarna, Paysafe Group, Payoneer, PayU, Stripe, Trustly, Wirecard.|
PayPal Alternative for Ebay: Adyen
If you are searching for the best PayPal Alternative payment system that should work on Ebay, then you have none other than Adyen.
On January 2018, Ebay announced that a Dutch company Adyen will be its Primary Payment Processing Partner.
PayPal Alternative for Minors under 18:
While there are not so many options for minors to have an alternative to PayPal, but still they can use Google Pay if a minor is of age 16 and under the age of 18. Google Pay lets a minor use their services only if minor’s parents accept the terms and conditions of the service on behalf of the minor.
If you are a student, and living away from your parents for studies, then Google Pay is your best PayPal Alternative for personal use.
List of PayPal Subsidiaries:
There are several PayPal Subsidiaries available if you don’t find any suitable PayPal alternative for you from the above-given options. Here are they listed below:
- Xoom Corporation: Xoom Corporation is another substitute for PayPal when it comes to Fund Transfer to more than 130 countries in the world. This PayPal Subsidiary serves in countries like China, India, Bangladesh, Pakistan, Philippines, Australia, Germany, Italy, and Mexico.
- Venmo: Venmo is a digital mobile wallet payment system offered by PayPal. You can make payments, send money and receive them from your friends and colleagues. You can even send Venmo captions to the recipient with the payment so that he/she recognize the remarks of the payment sent.
- Braintree: Another option to PayPal is Braintree. This company works in payment system on web and mobile applications and its focused countries are USA, Europe, Canada, Hong Kong, Singapore, Malaysia, New Zealand, and Australia.
- iZettle AB: iZettle AB’s primary focus is on European Market where it dominates all the countries by providing all the financial services to ecommerce.
- Paydiant: Paydiant is another payment services provider company owned by PayPal, calls itself a “PayPal’s white label mobile wallet solution”. The company provides financial services to all the EU countries.
So these are all PayPal Alternatives that you can use as per your need and locations from all over the world. Hope you find this article informative. If it is, then give it a share.
Small F.A.Q’s about PayPal:
Q. What Can I Use Instead of PayPal?
Answer: There are top eight payment methods that you can use instead of PayPal anywhere in the world. Those are 2checkout, Skrill, Payoneer, Google Pay, Digital River, Dwolla, TransferWise, and Authorize.net.
Q. What is PayPal’s Biggest Competitor?
Answer: The 2checkout is PayPal’s biggest competitor.
Q. How Can I Get Paid Without PayPal?
Answer: You can use PayPal Alternatives like 2checkout, Skrill, and Payoneer in order to get paid from your clients from all over the world.
Q. Is Cash App Similar to PayPal?
Answer: No. Cash App is served only domestically. It does not allow you to transact international transactions or fund transfers. Cash App is currently available only in USA and UK.
Q. Is Using PayPal Free?
Answer: If you are doing transactions like sending and receiving money from wallets of PayPal to PayPal, it’s free. However, using credit cards to pay bills on PayPal is chargeable at receivers end.
Q. Do You Need a Bank Account for PayPal?
Answer: Yes, you need to have a bank account in order to transfer funds from your bank to your PayPal account. You can also attach your credit card to PayPal.