PayPal is one of the most popular payment platforms for sending and receiving payments internationally. It’s a secure and convenient platform that helps users transact with a few clicks.
But, you may not like PayPal because of its high chargeback and ability to freeze your account by saying that suspicious activities happened in your account. However, if you’re a business owner or an individual who needs to receive or send money internationally, then you surely need a substitute.
Many apps or websites can replace it, but this post is for you if you’re searching for the best PayPal alternatives in 2023.
Best PayPal Alternatives to Send & Accept Payment Worldwide in 2023
Below are some of the best PayPal alternatives that are equally secure and provide a hassle-free payment solution. Some charge a fee for payments, and some are free. So, you can check out the description with it and find the one that suits you.
Payoneer operates in the same way as PayPal and has the potential to be the best alternative. It also has a great user base spread over 150 countries providing money-transferring services.
You must pay a 2% fee for the local bank transfers you make from your Payoneer account. But if you want to transfer to other bank accounts, you’ll be charged a flat $1.50. In the case of sending payments to users who don’t have a Payoneer account, you’ll have to pay a fee from 1% to 3%, varying on the payment methods you use.
Stripe is another great alternative to PayPal and is second on my list. It is best known for providing payment processing services to e-commerce businesses and can easily be integrated with platforms such as Shopify, Wix, Weebly, etc.
The fees for using this platform are straightforward as one needs to pay a 2.9% fee plus 30 cents for each transaction through this. But, if you have a bigger business and need to handle large payments, then you can also take the Customized package of this platform that costs higher than the regular one.
Skrill is one the most popular platforms to send and receive money and always focuses on security. Its working process is almost the same as PayPal, and you can undoubtedly use it as an alternative.
The best part of this platform is that it supports 38 currencies and can transfer $10000 daily with a minimum of $60 per transaction. Also, check out Best Chegg Alternatives That You Can Try
You can pay a few selected retailers for free, but it’ll charge you for other transactions. The fee for depositing money from your bank account is 1%, whereas the withdrawal charge is $6.5 if you withdraw to your bank account or 7.5% for credit cards. You need to pay a 1.45% fee for standard transfers and up to 2% in the case of domestic transactions.
If you’re a small business owner searching for a payment processing platform other than PayPal, Square can be the best choice. It’s available in the U.S., Canada, U.K., Australia, and Japan and lets your customers make payments easily after a one-time setup.
The best part of this platform is that it doesn’t charge any authorization fee, business card fee, or refund fee. However, you’ll have to pay 2.6% & $0.10 per credit card transaction, and for manual payment, 3.5% & $0.15. Using its API for online checkouts will cost you 2.9% & $0.30 per transaction.
5. Amazon Pay
Amazon Pay is another reliable and trusted platform to accept payments, and you can use this as an alternative to PayPal.
It doesn’t matter if you own a small business, large company, or any organization; you can use this platform to accept payments worldwide from your customers.
It charges the merchant 2.9% + $0.30 for all the transactions made in the United States, and for any outside transaction, the charge jumps to 3.9% + $0.39. You’ll also need to pay the authorization fee, which costs $0.30 per transaction.
6. Google Pay
Google Pay is the next one on my list of PayPal alternatives that helps users make payments free of cost, and it’s currently available in 28 countries worldwide.
Every user of this app can make business payments or transfer money to other users using credit, debit, or gift cards added to their account. You can also register for the merchant program and accept customer payments if you’re a business owner.
It has a limitation on the total transaction amount as it allows users to transfer a maximum amount of $9999 at a time and $5000 in 5 days.
As it’s free and comes with the security of Google, you can undoubtedly switch to it if you’re an individual or a merchant. Also, check out 20 Best GoatDee Alternatives to Watch Sports Online
WePay is one of the best platforms for transferring funds for individuals and small businesses. JP Morgan Chase owns it, and its services are available in U.S., U.K., and Canada.
It provides online, POS, and omnichannel platforms that you can integrate into the businesses that help you accept payments from customers easily. The bank transfer process is smooth and quickly sends funds to your account.
But, you shouldn’t use this platform for your large online business as it limits the total transaction amount to $10000 weekly.
It charges 1% + $0.30 per transaction for Automated Clearing House, and the customers are also charged 3.9% + $0.30 each time they make a payment.
Braintree is owned by PayPal and can be its alternative too. This platform will best suit businesses that provide subscription-based services.
Its best part is that it supports 130 currencies and is available in 45 countries. So you can easily integrate it into your business and accept payments worldwide.
It takes $2.9% + $0.30 as a charge from the customers for each payment. But, the charge will be 1% higher if the transaction is made in currencies other than USD. Customers will also have to pay a fee of $15 for each chargeback.
So, these were some of the best PayPal alternatives in 2023 to make money transfers easier. Pick the one that you find the best and start sending and accepting payments. They are trusted and secure, so you can use them without thinking twice.