PayPal is a highly popular platform that enables users to make monetary transactions. With PayPal, there is no need for bank transfers and checks: it just requires both the receiver and sender to have a valid PayPal account to complete transactions.
Since PayPal’s spin-off and its 2nd IPO in July 2015, the company’s shares have gone up by over 20% and slightly surpassed the broader market. Though relatively high earnings increase, PayPal’s extraordinary free cash flow growth is expected to help the stock stand out in the next years as well.
PayPal offers a number of advantages, but it also has some disadvantages. The week points have to do with the high fee; the fact that your payments can be put under review without any proper reason; there are countries that aren’t supported by PayPal; and that PayPal has some country-based restrictions.
If you’re on the lookout for reliable PayPal alternatives, consider turning to emerchantbroker.com. EMB, the #1 high risk payment processing company in the US, is ideal for merchants of any type and size. EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB.
Below you can find other alternatives to PayPal that can help you easily process transactions:
Google Wallet – Offers a new way of sending, receiving and paying money online. Sometimes, all you need is just a tap. Be aware it’s available only in the US.
Skrill (formerly Moneybookers) – This is a platform that allows you to send and receive money and do online shopping.
Payoneer – This payment method is great for freelancers and affiliate marketers, who are interested in receiving money from other countries.
Stripe – This is another convenient method to accept payments from customers without difficulty.
Dwolla – This is a payment service and a platform that allows for sending money to anyone on the Internet.
2Checkout – This can be described as a partial PayPal alternative. The thing is that 2Checkout can’t be used for money transfer between users. Merchants can use 2Checkout to process transactions when selling items.
WePay – You can implement WePay in your website to enable customers to pay without leaving your website. WePay creates a virtual terminal to enable payment processing.
Selz – As an alternative to PayPal, Selz is great for merchants and small businesses. Choose Selz to accept payments from customers.
Amazon Payments – Introduced by Amazon, this is another alternative to PayPal.
Square – Square provides users with a card reader that works perfectly with iPad, iPhone or Android Smartphone.
When thinking about a payment method, the first thing that will come to your mind is most likely to be PayPal. However, PayPal has a number of disadvantages that makes users look for alternatives to PayPal.