1. Google Pay app
  2. square
  3. wise
  4. Stripes
  5. Payoneer
  6. Shopify payments
  7. Authorize.net
  8. Braintree
  9. 2CheckOut
  10. Dwolla
  11. QuickBooks payments
  12. Amazon Pay
  13. Skrill
  14. Choose a plan that makes customers happy

When PayPal entered the e-commerce scene, it revolutionized the way online businesses did sales transactions.

As a free way to make virtual payments, PayPal made shopping easier for consumers and business owners alike.

At the push of a button, people can send money without disclosing confidential information such as credit card or bank account numbers.

It gave people the confidence they needed to shop online and made it easy for business owners to accept universal payments.

Today, more than 286 million people use PayPal to make purchases online, and it's no wonder why.

PayPal is:

  • Fast: It saves your information so you don't have to fill out payment forms every time.
  • Easy: You can send money with your PayPal balance or from your bank account with no additional fees.
  • To back up: They don't reveal any payment account information and work hard to keep your information safe.

No question about it, PayPal is a great service, but like any system, it's not without its flaws.

Some of its main disadvantages are:

  • Reaching out to customer service can be difficult.
  • Digital goods are not covered by PayPal Seller Protection.
  • The fees are higher than some other providers.
  • PayPal can freeze accounts without warning.
  • The transfer to your bank account can take days.

The good news is that PayPal isn't the only digital payment service provider out there.

Take a closer look at these alternatives and choose the one that makes the most sense for your customers and your business.

1. Google Pay app

Google Pay app

  • Established: 2021
  • Pricing: Bank transfers and debit card activities are free. Credit cards charge 2.9% of the transaction amount.

advertising

Read on below

Google Pay is an app that benefits both sellers and consumers.

Users can save credit and debit card payment information to their Google Pay accounts for quick and easy payment from virtually anywhere.

Companies can not only optimize the payment process for their customers, but also use this service as a digital marketing tool and send mobile offers and product recommendations to a target group.

Google is a widely recognized and very trustworthy company, so people are comfortable when they trust them for their online payment needs.

2nd square

Square is a popular PayPal alternative

  • Established: 2009
  • Pricing: A 2.9% plus $ 0.30 fee is charged for each transaction.

advertising

Read on below

Square's digital readers were originally introduced as a solution for mobile POS transactions, enabling customers to make credit card, cash and check payments.

It now offers a myriad of benefits for online transactions through virtual invoicing and real-time inventory management.

Square even offers payroll assistance so employees can get on and off and accept direct deposit payments.

One highlight is that Square grants small business loans, with the percentage of Square's daily sales being used for loan payment.

3rd way

Use Wise as an alternative to PayPal to send money internationally.

  • Established: 2010 (formerly TransferWise)
  • Pricing: For a transfer from USD to EUR, Wise charges 0.6% of the transaction amount plus 1.00 USD.

advertising

Read on below

This is a great option for companies that do a lot of international transactions.

Wise provides the actual exchange rate with no inflation or additional hidden fees.

The multi-currency account service comes with a debit card (available in some countries) that allows you to manage money in more than 40 currencies.

You can do payrolls, charge customers, make batch payments, and much more.

Sellers can also bill customers in their own currency to avoid confusion and ensure a smooth transaction process.

It's easy. Your international customers deposit money into their country's Wise account.

Then Wise will send you the equivalent.

Money never crosses borders, so international transactions are extremely quick and easy.

4. Stripes

Use Stripe for online payments

  • Established: 2010
  • Pricing: Similar to PayPal, Stripe charges 2.9% of the transaction amount plus $ 0.30.

advertising

Read on below

Stripe is a popular choice for business owners who want a flexible application programming interface (API).

This platform believes that payment problems are not finance-related, but code-based.

This makes them easy to customize and integrate with a wide variety of operating systems.

With Stripe, store owners can manage transactions from anywhere in the world.

They offer mobile payments and can deposit your funds directly into your bank account.

While Stripe is customizable and highly flexible, it's best for store owners with a background in computer programming.

5. Payoneer

Top 13 PayPal Alternatives for Your Business

  • Established: 2005
  • Pricing: Payoneer customers pay for free. Customer credit cards are charged 3% and virtual checks 1%.

advertising

Read on below

Small and medium-sized businesses benefit most from Payoneer, which specializes in e-commerce, freelance work, vacation rentals, and online advertising.

Users with an online account also receive a debit card so that money can be withdrawn from banks or ATMs anywhere in the world.

Payoneer's efficiency is second to none. Transactions are completed in just two hours!

6. Shopify Payments

Top 13 PayPal Alternatives for Your Business

  • Established: 2013
  • Pricing: A basic Shopify account plan starts at $ 29 per month. Credit cards will be charged 2.9% plus USD 0.30.

Shopify is a popular ecommerce platform for more than a million store owners.

advertising

Read on below

With Shopify Payments, these sellers can bypass third-party services and accept all major credit and debit card payments right in their store.

The transaction details are synced with every Shopify order, so all of your data is gathered in one place.

It's also very versatile for store owners and consumers, and can be used with social media accounts, Amazon, and eBay.

As an added bonus, Shopify Payments is converted to Shopify POS (Point of Sale) so that sellers can use this feature at their brick and mortar locations as well.

7. Authorize.net

Top 13 PayPal Alternatives for Your Business

  • Established: 1996
  • Pricing: Plans start at $ 25 per month, at 2.9% plus $ 0.30 for each transaction.

advertising

Read on below

This subsidiary of Visa is particularly popular with small businesses.

Authorize.net is known for providing the best customer support in the industry.

Not only is it free, it is offered 24/7 by real live people.

In addition to security and reliability, sellers especially love the numerous services of Authorize.net.

From recurring billing to POS checkout to invoicing and API, this provider fulfills the diverse needs of an e-commerce business owner.

Best of all, Authorize.net is very intuitive, easy to use, and compatible with other payment providers like PayPal and Apple Checkout.

8. Braintree

Top 13 PayPal Alternatives for Your Business

  • Established: 2007
  • Pricing: Each transaction is billed at 2.9% plus $ 0.30. Custom pricing options are available.

advertising

Read on below

While technically a PayPal service, Braintree has a lot of features that PayPal doesn't.

Braintree was developed for large companies like Yelp and DropBox. The main benefit of Braintree is to provide a seamless checkout experience for higher conversions.

This service allows sellers to accept online payments from more than 45 countries in more than 130 currencies.

It offers standard features such as practical customer support and recurring billing, but is also highly customizable. This means that you will need some programming skills to sync it with your ecommerce website.

9.2CheckOut

Top 13 PayPal Alternatives for Your Business

  • Established: 2006
  • Pricing: While there are three pricing plans to suit your needs, transaction fees start at 2.9% plus $ 0.30.

advertising

Read on below

Sellers who do a lot of international business really benefit from this service.

2CheckOut accepts 45 payment methods, 87 currencies, translates into 30 languages ​​and is available in over 200 countries.

You can customize the checkout experience to meet the needs of your international customers.

Security is always a problem with online payments, but especially with international transactions.

2CheckOut is on the case. They offer more than 300 fraud checks for every transaction.

10. Dwolla

Top 13 PayPal Alternatives for Your Business

  • Established: 2010
  • Pricing: The starting plan charges 0.5% of the transaction amount with a minimum of $ 0.50 and a maximum of $ 5.00.

advertising

Read on below

American e-commerce entrepreneurs enjoy a number of advantages with Dwolla.

It offers extremely reliable service, strong security and a helpful customer service team.

Even better, it has a customizable API that companies can use to personalize branding during the checkout process.

These tools are easy to use and are a great way to strengthen your corporate identity and increase brand awareness.

Sellers who receive a lot of bank transfers will particularly benefit from Dwolla as it specializes in ACH (Automated Clearing House) electronic bank transfers.

11. QuickBooks Payments

Top 13 PayPal Alternatives for Your Business

  • Established: 2001
  • Pricing: The basic plan offers free transfers and cards are charged 2.9% plus $ 0.25.

advertising

Read on below

QuickBooks Payments works best when bank accounts are linked to the QuickBooks accounting software. It simplifies financial tracking and eliminates the need to manually enter data.

QuickBooks Payments is focused on providing simple, easy-to-use financial tools to small businesses.

Sellers can use it to create and send invoices, accept payments with mobile cards, make ACH bank transfers, and schedule recurring billing and automatic payment reminders.

As if that wasn't enough, you can manage employees more efficiently by syncing payments with timesheets and payrolls.

12. Amazon Pay

Top 13 PayPal Alternatives for Your Business

  • Established: 2007
  • Pricing: US domestic transactions charge 2.9% plus $ 0.30. International transactions charge 3.9% plus $ 0.30.

advertising

Read on below

Amazon is already a trusted website with millions of users. Amazon Pay is therefore a great way to make online payments possible.

Users can simply log into their accounts, click on their saved information, and check out through an interface they are already familiar with.

This enables a quick and painless checkout process that creates a positive user experience and increases conversion rates.

Amazon Pay can be used on all devices, so sellers and customers can manage payments anytime, anywhere.

Store owners need some programming skills to make Amazon Pay work with their ecommerce websites.

13. Skrill

Top 13 PayPal Alternatives for Your Business

  • Established: 2001
  • Pricing: Transactions are charged at 1.45% plus $ 0.50, but transfer to a bank account is free.

advertising

Read on below

Skrill offers many conveniences for online shoppers.

You can save card information for faster checkout, link bank accounts and make payments with a quick login.

With a prepaid debit card, users around the world can shop and transfer money to bank accounts quickly and easily.

Skrill was developed with cryptocurrencies such as Bitcoin and Litecoin in mind and is designed for online gambling that requires money to be played.

As a result, they have rigorous fraud prevention tools to keep user accounts safe. While this is beneficial for security reasons, it can also result in frozen accounts if you're not careful.

Choose a plan that makes customers happy

As technology advances and ecommerce capabilities continue, there are myriad virtual payment options available to ecommerce sellers.

Whether you stick with PayPal or go with one of the alternatives on this list, remember that your ultimate goal is to provide your customers with the best possible user experience.

A payment provider influences this with:

advertising

Read on below

fees

There can be some pretty big discrepancies in processing fees between different payment services.

Really think about how many transactions to expect, whether your target audience is domestic or international, and what kind of payments you are accepting. All of this can affect your costs.

security

Online transactions require a higher level of cybersecurity. People share personal information that, if caught in the wrong hands, can lead to identity theft and financial ruin.

Make sure the payment company you use is reputable and goes to great lengths to encrypt and protect data.

Customer service

As a store owner, transaction issues can bring your business to a standstill. You need to know that your payment provider is available to provide quick and effective support in the event of problems and to get you back up and running in no time.

Think carefully about the tools you need to keep your customers happy.

From employee management to inventory coordination and online transactions, every decision you make is made by your customer.

advertising

Read on below

Choose the payment service that is most effective at helping your customers.

Because that's exactly what business is all about.

If you keep your customers first in your business decisions, you can't go wrong.

More resources:

Photo credit

All screenshots by the author, February 2021

LEAVE A REPLY

Please enter your comment!
Please enter your name here