When it comes to sending and receiving payments online, there is only one payment method that comes to mind: PayPal. However, several services are much better alternatives to PayPal.
Today, we will discuss the best alternative payment platforms for PayPal. Keep in mind that these alternatives are best suited for your personal use. We will be discussing PayPal alternatives for commercial use in another article, so keep an eye out on our latest blog posts and articles.
Best alternatives to PayPal in 2020
If you have used PayPal recently, you will realize that the company has several problems. Fortunately, there are several alternatives to PayPal and similar applications that you can use to send money quickly and without PayPal’s headaches.
PayPal’s main problem in 2020: the suspension or restriction of funds in the accounts. Unfortunately, many people have had their money withheld by this company.
Because sending money is extremely delicate, we have carefully evaluated more than 37 alternatives to PayPal and similar services. This list will help you find other options, such as PayPal and the most reliable online payment platforms of 2020.
PayPal alternatives for personal use
If what you need is an easy way to send money to family or friends, these services are for you. These online payment platforms are alternatives to PayPal that allow you to send and receive money easily and quickly as you do with PayPal.
Official site: https://transferwise.com
If you are looking to transfer money internationally, without paying a fortune for it, then you should definitely check out TransferWise. With this alternative to PayPal, you can transfer money abroad quickly and easily.
According to TransferWise, banks can charge you up to 5% in hidden costs when you send money to a bank account abroad. He says it is up to eight times cheaper.
TW shows the charges in advance and deducts them before the currency conversion, which means you won’t be surprised by the hidden charges. And if you’re looking for a site like PayPal for freelancers, according to many comments on Reddit, TransferWise seems to be a great fit.
In general, it is a great platform that makes the transfer of money abroad more profitable.
Also Read: 7 Types of Online Payments for Ecommerce
2. Square Cash
Square Cash is a very easy to use cash transfer service. Like PayPal, this service allows you to send money or even Bitcoin using a dedicated application on your mobile phone.
What we like most about this application: all transfers are free, and using it is extremely simple. You only download the application, register, enter the amount you want to send, and press send. It is that simple.
Square will send a message to the recipient’s email address immediately, notifying him of the payment, and the money will reach his Square account or directly into a bank account.
In our opinion, Square Cash is much better than PayPal since PayPal imposes fees on both debit card and credit card transactions for personal transfers.
Official site: https://www.payoneer.com
Payoneer is a perfect payment platform for both personal and commercial use. For business owners, professionals, and freelancers, Payoneer is an excellent online payment platform that is definitely worth considering.
The best advantage: you can use it to open a bank account in the United States from almost any country.
You can send and receive money quickly, easily, and safely by international clients and global markets – at a low cost. You just have to register, and you will receive payments in your Payoneer account from companies around the world.
In addition, you can easily withdraw funds at your local bank or ATMs around the world.
Payoneer is quite direct with its rates. Since Payoneer is used in 200 countries, it is a great option if you are looking for a site that is as widely accepted as PayPal.
Official site: https://www.skrill.com
Skrill is one of the easiest platforms you can use. Therefore, if you are looking for an application similar to PayPal, then you should definitely check it out.
With Skrill, you can:
- Create a Skrill wallet and collect all your payment information in one place. Skrill allows you to choose between 40 different currencies.
- Control all your payments through an easy-to-use account.
- Send and receive money.
- Store the cards.
- Link bank accounts.
- Pay comfortably, anytime, anywhere, using your email address and password.
- Move Skrill funds to your bank account instantly.
The good thing about Skrill, apart from how easy it is to use, is that its rates are low: they are only 1.45%.
A program to recommend to a friend is also available. If you refer a friend, then Skrill will take 10% of the fees they generate by paying or sending money and put it in your Skrill account.
5. Ria Shipping
Ría is a money transfer company (to the United States, Europe, and Latin America) with much lower rates than PayPal. This service is very easy to use and allows you to transfer money quickly and cheaply from without having to leave home.
It is a great alternative to PayPal for several reasons:
- Very low commissions for many countries
- Same-day delivery options available for most countries
- Good customer service
Ria’s online transfer fees and currency exchange rate surcharges tend to be much lower than when transferring money with PayPal and even other money transfer services such as Western Union or Moneygram.
Their delivery options include bank deposits and cash at the agents’ collection points, but the availability of both varies by country.
Official site: https://venmo.com
With Venmo, you can easily make and send payments. If you are looking for an easy-to-use platform, then you should definitely consider this one.
Venmo allows you to:
- Make payments: You can pay friends and family with a Venmo account, using the money you have in Venmo or using a bank account or debit card that you have linked. Paying people with your Venmo account is super easy – and can be done using a phone number or email address. Of course, the person you pay must also have a Venmo account.
- Make purchases: Venmo can be used as a means of payment in mobile applications. Therefore, if you are shopping online, PayPal is not your only payment option outside of debit and credit cards.
- Transfer money to your bank: you can quickly transfer money from your Venmo account to your bank account.
- Chat with friends and family: What makes Venmo unique is that it allows you to connect with people. So you can chat within the application.
The good thing about Venmo, which distinguishes it from most payment methods, is that sending money is totally free!
If you send money using your Venmo balance, bank account, debit card, or prepaid card, no charges are charged, so it’s free.
However, when you use a credit card to send money, there is a 3% charge. Receiving money and shopping in other applications is always free. It is also free to transfer money from Venmo to your bank account using the standard transfer option. But, if you transfer your balance out of Venmo using the instant transfer option, then this costs $ 0.25.
Your personal and financial data are encrypted and protected on Venmo’s secure servers.
Official site: https://www.payza.eu/
Payza is an online payment platform (or online payment gateway) and an electronic wallet service that is very similar to PayPal. They offer money transfer services online, such as:
- Send money and remittances worldwide
- Corporate disbursements
- payroll services
- Payment platforms for online purchases.
They have a free mobile application for Android operating systems available on Google Play and iOS devices.
With a personal Payza account, you can send and receive money in more than 190 countries around the world, buy online and even buy and sell Bitcoin. They also offer a rechargeable Payza Prepaid Card in several countries, which can be loaded with funds from your Payza account.
For businesses, the Payza Business account has the same characteristics as a personal account. Still, it also allows you to accept online payments and send invoices via email, either using our own basic invoice template or a custom template.
8. Google Pay
Official site: https://pay.google.com
Google Pay is another super easy to use online payment platform, and the reason it is a good alternative to PayPal is that there are no charges involved with the use of Google Pay.
Therefore, if you are tired of losing money on PayPal fees, you should definitely check it out.
With Google Pay, you can request, send, and receive money from other people. You just have to link a debit card or a bank account.
The only disadvantage of the Google Pay application is that it is restricted to the US. Therefore, if you live outside the US, unfortunately, you will not be able to use the application.
In the United States, you can send and receive payments through the Google Pay application, or you can visit pay.google.com to send and receive money from your device.
People in the UK can also use the desktop version, but the application is not available.
Available for both Google Play and App Store
Official site: https://www.zellepay.com/
Using Zelle, you can send, request, and receive money using your email or mobile device. It is another site like PayPal that offers an online personal payment service
With Zelle, you can:
- Send, request, and receive money online or through your mobile device.
- Send money securely from your bank account to almost anyone with an email address or mobile number.
- Easily request money from a person or group – again, all with your mobile number or email address.
- Move money directly from one bank account to another.
The good thing about Zelle is that the person you send money to doesn’t have to have an existing Zelle account as well.
All you need to receive money from you is a bank account and an email address or a phone number. In addition, some banks (such as Citibank) already include the Zelle personal payment service.
Zelle also has an application and available on both online payment platforms.
10. Paysera Mobile Wallet
Official site: https://www.paysera.com
Paysera Mobile Wallet is an application like PayPal.
Using it, you can:
- Send money instantly to friends and family.
- Use a password to protect the money transferred.
- Verify exchange rates and currency.
- Connect a bank card to your mobile wallet.
- Pay for goods and services. You can simply scan QR codes using the application.
- Order food remotely.
- See Paysera money entry and exit points and points of sale (POS) on the map.
- Get notifications about cash flow in real-time.
- Send money requests to your friends. All they have to do is confirm your request instead of making transfers.
Basically, if you use this application instead, then you don’t have to carry cash, credit cards, or debit cards. You can use the application to pay for things in your place.
You can open a personal account on this platform for free.
Companies can also use Paysera, but for that, you will need to open a corporate account once you have opened a personal Paysera account first. You must also complete an identification procedure.