When it comes to online payment methods, whether receiving money or spending money, PayPal is always a go-to for many.
Whilst it is a great tool to do the job well, there are alternatives to using PayPal. In this article we take a look at some of the other types of payment methods you can use that are similar to PayPal.
So, without further ado, let’s take a look! Hopefully there will be one or two options that work efficiently for you.
Alternatives to PayPal
Here are some PayPal Alternatives:
This is an alternative to PayPal and Apple Pay. It allows users to send and receive money via their phone or tablet.
The user simply needs to download the app onto their device and then scan the QR code on the back of the card.
Once scanned, the funds are transferred from your bank account into your wallet. You can also choose to add extra security by adding a PIN which will require you to enter before any transactions can be made.
Another popular option is Skrill. They offer a wide range of services including payments, e-commerce, internet banking, mobile banking and more.
Their website is very easy to navigate and they have a large selection of currencies available.
Stripe is another service that offers a variety of different ways to make payments. From credit cards to debit cards, gift cards and even Bitcoin, Stripe has something for everyone.
It is also a great tool if you are looking to set up an online website and do not want to have to deal with credit cards, etc.
Amazon Payments is another way to pay for goods online. To start off with, you need to set up an Amazon Payments Account.
After that, you can link your Amazon Payments Account to your Amazon Seller Central account.
Then, when someone purchases through your Amazon seller central account, the payment goes straight to your Amazon Payments Account.
Sage is another great alternative to PayPal. If you are selling products online, Sage can help you manage all aspects of your business.
You can easily manage your customers, orders, inventory and much more.
Soar is another useful alternative to PayPal. It is designed specifically to streamline payroll processing for small businesses.
It is simple to use and does not require any technical knowledge. All you need to do is register for free and create an account.
Then, you can upload your employees’ information and get started. Once uploaded, Soar takes care of everything else.
Easy Pay Direct
If you are looking for an alternative to PayPal but don’t want to spend too much time setting things up, Easy Pay Direct could be perfect for you.
All you need to do is sign up and create an account. After that, you can select the type of payment method you would like to use.
There are four main options available; Credit Card, Debit Card, Bank Transfer and Cash Deposit.
Each payment method comes with its own benefits and drawbacks so it really depends on what you are looking for.
Payoneer is another great alternative to PayPal. It is a global company that provides many different types of services such as digital currency transfers, merchant accounts, invoicing and more.
They also provide a secure platform where people can store their money in exchange for other forms of value.
The best thing about using Payoneer is that you can connect with over 2 million merchants worldwide. This means that there is always going to be someone willing to accept your payment.
Stax Payments is a new company that was created in 2018. It is still relatively young but already has thousands of users around the world.
One of the most unique features of Stax is that it allows you to send money from anywhere in the world.
This makes it very convenient because you no longer need to worry about whether, or not, you will be able to receive funds.
Another advantage is that you can choose which country you live in and then choose the currency you wish to receive.
Once you have chosen the currency you wish to use, you simply enter the amount you wish to transfer and click ‘Send’.
In addition to this, Stax offers a wide range of additional services including:
- Merchant Accounts
- Invoice Management
- Payment Gateway Integration
- Virtual Terminal Services (VTS)
- Business Development
- Billing & Accounting
- Recurring Payments
- Customer Support
- API Access, etc.
If you don’t want to use a third party platform like PayPal, you could always transfer money directly from your bank account.
However, this requires you to have access to your bank account details and a direct line of communication between yourself and your bank.
Whilst not as popular as it once was, Bitcoin still remains a viable option. There are several websites out there that allow you to purchase items with Bitcoins.
For example, if you wanted to buy a coffee with Bitcoin, you would visit a site such as www.coffeecurrency.com. Here, you can exchange your Bitcoin for cash.
Of course, the most traditional method of paying for things online is to use a credit card. However, there are now so many different companies offering these services that it is worth looking around.
Some examples include; Visa, Mastercard, American Express and Discover.
To find out more about how to get started with Credit Cards, check out our guide here.
Despite PayPal once ruling the roost when it comes to online payments, there are now many more alternatives to try out.
Hopefully, this list of alternatives to PayPal has helped you decide what is best for you when it comes to sending and receiving payments online.
Which one do you prefer? Let us know in the comments below!
Paul Martinez is the founder of EcomSidekick.com. He is an expert in the areas of finance, real estate, eCommerce, traffic and conversion.
Join him on EcomSidekick.com to learn how to improve your financial life and excel in these areas. Before starting this media site, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.