9 Best PayPal Alternatives for Your Money Transfer Needs

Turntechie Staff February 15, 2021February 15, 2021 0 Comments Paypal

When I started working online, I had zero ideas about how to receive money from people who are residing outside my country. I will be of utmost honest that PayPal has made receiving money from these foreign nations a very, very easy task.

If you are reading this from India, here’s a piece of bad news for you – You cannot reap the advantages of the services from PayPal due to the ongoing dispute between PayPal and the Reserve Bank of India i.e. the RBI.

However, Australian, United Kingdom, and the United States of America citizens can seamlessly enjoy using PayPal and receive money from foreign nations.

Due to this issue, I started to look out for alternatives to PayPal.

There are many different websites available on the Internet that are similar to PayPal with fewer or more features.

In this article, I will be listing some of the best money transfer websites that I have found while searching for a PayPal alternative for your money transfer needs.

Payoneer

This is one of the oldest services in the global payment market. It is now available in nations such as Pakistan, India, and many more nations.

This PayPal alternative will let you receive payments from the United States of America, China, Australia, Japan, European nations, and many more countries. You will end up saving a lot of your money as the transaction fees of Payoneer are less.

Stripe

Stripe is the best option if you are looking for a PayPal alternative for accepting payments on your online store.

It is a US company that accepts applications from many nations worldwide. You can also reap the benefits from the Stripe Atlas program if you belong to a nation that is not on the operation list of this company.

You are more likely to find a way to integrate Stripe with your e-commerce site or web store as it has integration with almost all the e-commerce and web stores.

TransferWise

TransferWise is a popular transfer website that was created by the brains behind Skype and is backed by Richard Branson. The low currency conversion charges and transaction fees are what will pull you towards TransferWise.

What’s up with the cherry on the cake is that your first transaction (up to 500 pounds) is completely free when you sign up for TransferWise.

2CheckOut

The fourth alternative for PayPal on our list is 2CheckOut, abbreviated as 2CO. This payment method has a lot of positive reviews and is used for collecting payments all over the world. However, the downside of this payment method includes high transfer and transaction fees.

Tip – Keep your payment release level as high as possible. This will be beneficial in saving you a bunch of money transfer fees.

Moreover, their customer support is pretty awesome and getting on–board with 2CO is very easy.

Instamojo

For the Indian consumers, Instamojo can be termed as ‘The PayPal equivalent of India’. Instamojo allows you to quickly send payments to other users by using their email address or their Instamojo’s username. In the same way, a user can receive payments from other people by giving their username to them. If you want, you can also set up an online store and sell digital services or products.

Google Pay

Google Pay Service is available for every person who wants to integrate Google Pay with their existing app, e-commerce store, or website. Implementing this method of payment is easier with any type of service or website that one offers.

People can also use ready-made integration for services such as Square, Stripe, WooCommerce, Shopify to name a few.

The withdrawal time is one to three days.
0 debit card and bank transfer fees.
2.9 percent in credit card fees.
Payment methods accepted are UPI, Bank transfer, debit cards, and credit cards.

Therefore, Google Pay should be an idle choice if you are looking for a long-term alternative for PayPal for all your money transfer needs.

Skrill

Skrill’s currency conversion rates are the best, which makes it a very famous alternative for PayPal. Skrill also offers a prepaid MasterCard that can be used in millions of shops present around the world.

You can also make quick and easy transactions from your mobile with the help of their iPhone and Android phone apps.

Remitly

Another popular alternative for sending money to nations such as India and the Philippines is Remitly. Remitly runs great promotional offers such as no charge on transfers over 1000 US dollars. The transfer will happen automatically at the flat rate of 3.99 US dollars while sending money via debit or credit cards.

There is also a payment method to send money without any service charge or fee, but to reap this benefit; you need to wait for the full three days. If you are not in a hurry to receive and send your payments, free is good with Remitly.

Coinbase Merchants

You should use a Coinbase merchants account, if you are ok accepting cryptocurrencies such as Ethereum, Bitcoin, and even stable coins such as USDC. The settlement is done really fast and it will allow you to save a significant amount of money.

Coinbase is a very famous crypto service provider from the United States of America, and it has launched the Coinbase merchant services a while back.

Features of Coinbase merchants –

No need to pay fees for accepting cryptocurrencies
Hosted checkout buttons
Webhooks for charges
Global service – No limitation of Jurisdiction

Conclusion

These are the alternatives of PayPal which are idle for affiliates, small business owners, bloggers, and freelancers. Here is the list of other services that are popular for sending and receiving money internationally: