Online banking became the number one priority of modern users. People of any age prefer to transfer money on the Internet, enjoy shopping on the Internet, and other possibilities by means of reliable services. Among the most demandable digital money spaces is PayPal. This platform allows fast and secure Internet-based operations with funds almost in any currency.
According to SpendMenot statistics, there are about 365 million PayPal active users throughout the world. People like this payment service for its improved financial information security and extremely quick transaction proceeding.
Nevertheless, sometimes there is a reason to initiate a search for the PayPal alternative. For example, in more than a dozen countries, this online money space is restricted. Residents of Korea, Montenegro, Monaco, Syria, and other states have to search for a similar service to PayPal. Investopedia gives emphasis to top-3 main alternate variants to take into consideration.
Table of Contents
1. Skrill
This is one of the most well-known PayPal alternative services. The main benefit of Skrill is lower transaction costs. In comparison with PayPal, it takes only 2.9% charges. One more advantage of Skrill is its zero deposit fees for:
- Withdrawals;
- Deposits;
- Sending/receiving money from other users.
It goes without saying that this payment service is becoming more and more popular among gamblers. The number of Skrill casino websites continues to grow. This fact characterizes this top-ranking PayPal alternative as a reliable payment service with great opportunities for performance in the global reach.
2. Payoneer
This payment service operates in many countries around the world. Payoneer accessibility is a real cherry on the cake that is highly appreciated by millions of Internet users. It is worth noting that there are two types of accounts in this payment service. Count on the free account that allows free withdrawal transactions and the one with a prepaid card. The second account option is paid and will cost willing users $29.9 monthly.
Payoneer has a transaction fee, but it is rather small compared to other PayPal alternative services. Be ready to pay $1.5 for one financial operation in your account. Among significant features that can be considered as Payoneer’s strong points are:
- Available Billing Service (business option);
- Special-purpose fee pricing for entrepreneurs;
- No inactivity fees (unlike Skrill).
3. Google Pay Send
This is one more overriding payment service that is distinct in its cross-functionality. Google Pay Send (it is ex-Google Wallet) is suitable for sending funds virtually from any location. Note that debit transactions are free of charge, which makes this electronic platform even more powerful than PayPal.
Additionally, attaching financial operations to Gmail messages is offered. This option makes money transfers and e-payments fully manageable for business representatives with constant payment sessions and email interactions with their customers. Top it all, there are some more advantageous features to mention in the context of this P2P system:
- Absence of setup fees;
- No cancelation fees;
- Mobile-friendliness (Android and iOS-compatible);
- Available merchant function (for business).
Besides the main PayPal alternative services you should pay attention to, there is a range of other e-payment platforms that go for minors.
PayPal Alternatives for Minors
Together with the above-listed big-name alternatives, there are other PaaS options that are also safe and provide fast and low-fee transactions. For shopping and other individual purposes, you can select Apple Pay, Samsung Pay, or Amazon Pay. These payment services are 100% mobile-friendly, so they can become your faithful assistant for online operations.
Perhaps, you are looking for more options that will be optimal for business and other regular transactions. In this case, take a closer look at Stripe. This is a worthy PayPal alternative for minors. The Stripe service can provide all willing users with:
- bank account deposits;
- automatically done payments;
- free-of-charge setup transactions.
By the way, the era of digitalization is impossible without new software, including just-launched PaaS. If you want to try something mint and innovative to discover unique functionality and a new breath of technologies, try Pioneer Internet-based payment solutions: Dwolla, Venmo, Payza.
Pick sides with your ideal means of payment that is simple to use and worthy to entrust your transactions. Remember that online payment service is always about reduced costs for financial operations, flexibility, convenience, and optimized customer journey.
