PayPal is a probably the most popular and trusted way to transfer, send or receive money online. However, it’s not necessarily the best one. You can find other great services out there that offer more benefits and less hassle as compared to PayPal. PayPal has some downsides, especially when it comes to PayPal merchant services, which make users look for other alternatives. This is particularly true of high risk merchant accounts.
So, if you’re interested in PayPal merchant services, consider choosing an alternative like emerchantbroker.com. EMB is the top high risk payment processor in the US and provides the best merchant services and the lowest possible rates in the industry. EMB is well aware of all the ins and outs associated with high risk businesses and can help you, as a high risk merchant, open a merchant account without major challenges. EMB boats an A+ rating with the BBB and an A rating with Card Payment Options. Also, EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.
Why to Choose Alternatives to PayPal?
PayPal offers an easy way to send and receive payments using an email address, but it has a number of disadvantages that can make people stop using this online payment system.
For example, as of September 2012, the standard fee for PayPal accounts is 2.9% plus $0.30 for each transaction. Also, PayPal may freeze your account and balance for a number of reasons. PayPal freezes accounts mainly to protect against fraud and investigate an account that seems to be engaged in something unlawful. However, PayPal has also frozen legitimate accounts. Moreover, PayPal will deny services if the company doesn’t agree with the content.
Here are several other alternative online payment options that you can choose to use if you want to get rid of PayPal:
- Amazon Payments
- Google Wallet
Even though PayPal is integrated into many services like being mandatory on eBay and the payment service of choice on lots of sites, you can check out the above-mentioned online payment options to see which one best suits your needs. Remember that a reputable high risk payment processor like EMB can be the best solution when it comes to high risk payment processing.