PayPal is a well-known platform that allows users to conduct online payment and bank transfers. Using it, you can easily send and receive money across the globe.
Moreover, PayPal does not ask you for more than just your email address and an existing debit card (or credit cards) to register.
After its full takeover by eBay in 2002, it has had tremendous growth in expanding its userbase and the transactions occurring on the platform. To give you an idea, in 2019 alone, Paypal saw a payment volume of $712 billion as compared to just $150 billion in 2012.
The platform is used by digital agencies, freelancers, bloggers, and business owners for sending and receiving payments.
Since many people still prefer to use it to make online payments, there are many other platforms in the game that have come up. Some of them offer a lot more features and services when it comes to secure online transactions.
If you are looking for the best Paypal alternatives, you may want:
- Seller protection for your digital goods
- Chargebacks should incur a lower fee
- Better support (Since PayPal can take up to four business days to respond back to your query)
- Better features in terms of doing seamless transactions with more control over the UX
There could be many other reasons, such as having more control over your transaction cycle, the user experience of your application, etc. due to which you could be searching for an alternative solution of Paypal.
In many cases, the transaction charges and the time taken for received money to reflect in your bank account (which could take many days) could be a major reason for finding a better solution.
In this detailed post, we have covered the ten best PayPal alternatives which you can use for doing online transactions and digital payments.
10 Best PayPal Alternatives
Skrill is widely used in the USA, Europe, and the CIS countries, and it is a great PayPal alternative.
You just need an email address and password to create a sign-up. Once done, you can add your credit card/debit card and bank account to seamlessly transfer and receive payments across the globe.
The best part about Skrill is that it charges relatively low transaction fees for bank transfers and withdrawing funds that range from 1.9% -4.9%.
It allows you to look back accounts, store cards, send and receive money. If you are a Skrill Wallet holder, you just need to pay 1.45% commission, which lets you save a big pile if there is huge money involved in the transaction.
It also has a dedicated support library where you can find answers to the most common queries related to the platform.
You can also join the Skrill loyalty program known as Knect, where you will earn reward points for every transaction you do on the platform. Later once you have enough points, you can exchange them for cash rewards and
This article was written by MyThemeShop Editorial Team and originally published on Blog – MyThemeShop.