Top 5 PayPal Alternatives for Ecommerce Business
Best PayPal Alternatives for Online Payments
PayPal is an American company, operating an online payment system in the majority of countries that support online money transfers and serves as an electronic alternative. But the good news is that now PayPal isn’t the only digital payment service provider in the market. Here are the top PayPal Alternatives that also offer safe and secure online payment methods.
1. Google Pay
Pricing: Bank transfers and debit card activity is free. Credit cards charge 2.9% of the transaction amount.
GooglePay is also known as G-Pay is an app that offers benefits for both sellers and consumers.
Users can save credit and debit card payment information to their Google Pay accounts for quick and easy payments from virtually anywhere.
Google Pay keeps your money and private information safe with built-in authentication, transaction encryption, and fraud protection.
Google is the most reliable and highly trusted company, so users feel comfortable using GooglePay for their online payment needs. It is one of the best PayPal Alternatives.
Pricing: Each transaction is charged a 2.9% fee plus $0.30.
Square is a popular service that allows you to buy, sell and send money using any Apple or Android mobile device. With three free mobile apps — Square Register, Square Wallet, and Square Cash — Square is designed to help small businesses accept credit card payments and to help consumers transition to a cashless, cardless lifestyle. Square consider as 2nd best PayPal Alternative option for online transactions.
Pricing: Similar to PayPal, Stripe charges 2.9% of the transaction amount, plus $0.30.
Stripe is an online payment processing platform that allows businesses to send and receive payments over the internet.
Stripe Payments makes it easier for merchants to start and control an online business by building a set of products that could save many hours and money.
Stripe has some of the world’s best companies as their preferred payments processor such as Amazon, Shopify, Github, Yelp, Spotify, Reddit, and hundreds of top companies globally. A very well known PayPal Alternatives,
Pricing: Payoneer customers make payments for free. Customer credit cards are charged 3% and virtual checks are charged 1%.
Payoneer is a cross-border payments platform that empowers businesses, online sellers, and freelancers to pay and get paid globally as easily as they do locally.
The Company offers bank transfer, prepaid, debit, and virtual card payments for businesses and individuals. Payoneer serves customers worldwide.
If users have an online account so funds can be withdrawn from banks or ATMs anywhere in the world.
Pricing: There are three pricing plans to meet your business needs, transaction charges start at 2.9% plus $0.30.
2Checkout is an electronic payment service (merchant account alternative) founded in 2000 that allows merchants to accept online credit card payments from customers in their home country and abroad.
2Checkout supports over 45 payment methods, from standard credit/debit cards or PayPal to regional payment methods or online wallets, depending on the plan you choose.
2Checkout is another best PayPal Alternatives to fulfill online payment needs.
- Choose The Right Option:
With ongoing technological advancements and ecommerce capabilities, there are tons of PayPal Alternatives options available to ecommerce sellers.
Whether you stick with PayPal or lean toward any of the alternatives on this list, keep in mind your ultimate goal is to provide the best user experience for your customers.