This post was last updated on January 25th, 2015 at 02:34 pm
There is no doubt that PayPal is not only the best but most famous online payment processing company all over the world. However, having only one company for any purpose is a monopoly which is not good for consumers no matter how great services that company is providing. It is always a good thing to have more than one option in your hand. A competition can prove to be very great for market and it also brings added benefits for the end users. While there are such people who use only PayPal for their online transactions, there are certain people too who either don’t like to use PayPal or they don’t have access to this payment gateway due to any reason. In such situation, it becomes really important to have an alternate service. However, if you don’t know much about PayPal alternatives then this article can prove to be very helpful for you. I’m going to tell you about some best Top 5 Alternative of Paypal that also work great too.
1. Google Checkout
What do you need more when you can transfer and receive funds online with the help of Google? Many of you may not know much about the services of Google other than their search engine but it’s time to get out of your shell and explore the beauty of internet. Google Checkout is ranked at number one in our list of PayPal alternatives. The main reason is that, this service is offered by Google so you don’t need to worry about its legitimacy and authenticity at all.
Payza is a famous online payment processing company. Previously it was known as AlertPay but recently it has been occupied by another company and they have renamed it to Payza. Either you can create a Personal or Business account on Payza that will provide you with different payment solutions. You can easily receive Credit Card payments from your clients if you have a Payza account (verified). I have personally used their services and found them very satisfactory.
3. Moneybookers (Skrill)
Moneybookers is a UK based company that provides online payment processing to its clients. Just like Payza, you can open a personal or business account with them. In personal account, you will only be able to receive funds from other Skrill ( Moneybookers has been renamed Skrill recently) users. However, if you have a Skrill business account, you can collect payments from such customers who would like to pay you by using their credit/ debit card.
The only hurdle that you may face with Payoneer is that, it might take more than a month for you to receive your Payoneer Debit card. You can make an account very easily with Payoneer. They will send you a Debit card that can be used at any ATM machine all over to world to withdraw funds that you have in your Payoneer account. This is a great and portable way to receive funds from your clients.
2Checkout is my favorite payment processing company based in USA. The only thing that you may not like about 2CO is their registration fee of $49. However, the best thing about PayPal is that, a customer can pay you easily by using his PayPal account or Credit/ Debit card if you have a 2CO account.
Which online payment gateway do you normally use? Are there any suggestions that you would like to add here in this list of Top 5 Alternative of Paypal?