Paypal is one of the best service that we online people have to send and receive payments. Though problem with PayPal is their limitations and TOS. For example, PayPal is not allowed in Pakistan and they have imposed lots of limitations for Indian PayPal users. If you are a Dreamhost Affiliate, and you are from India, you might realize you can no longer receive payment via payPal. So, I though of putting a handy list of Paypal alternatives, which you can use and send and receive money. Honestly, none of them is as close as what PayPal offers, but when Paypal is not an options, these alternatives to PayPal will be a life saver for many freelancers.
Suggestions for PayPal alternatives:
Though, this list is little old but works in 2012 too. But, if you have found any better alternative, do let us know via comment. To make it easy for you all I am listing out possible 5 Paypal alternatives that you can make use of:
2CheckOut.com
Many of my online have resorted 2CO for all their online money needs. 2CO has a lot of positive reviews and is considered as a great alternate to Paypal. Check out their fees:
Signup/Account Establishment Fee: There is a one-time set-up fee of $49 USD.
Transaction Fees: 2CO applies a 5.5% commission on each transaction, plus a $0.45 USD charge per transaction. <Link>
Supported currencies for FOREX:
US Dollars,Argentina Peso,Australian Dollars,Brazilian Real,Canadian Dollars,Danish Kroner,Euro,GBP-Sterlings
Hong Kong Dollars,Indian Rupee,Japanese Yen,Mexican Peso,New Zealand Dollars,Norwegian Kroner,South African,Rand,Swedish Kroner,Swiss Francs
Moneybookers.com
MoneyBookers or MB is a great alternative to Paypal because of the Currency conversion rates (they are the best).
I have tried it myself a couple of times and MB transfers works great. Their verification process is a bit rigid but apart from that it’s a cool service.
Check out the MoneyBookers here:
3) Xoom.com
When Paypal had shut the doors for Indian users a couple of months back, Xoom played a major role for all the Indians who earn online. You can receive Paypal amount on your Xoom account, this is the best feature of this service.
You can calculate the fees by following this link:
https://www.xoom.com/sendmoneynow/money-transfer-fees
4) AlertPay.com
Alertpay is another Paypal alternative mostly used by the webmasters of PTC sites. As a matter of fact the biggest PTC sites like Bux.to and Neobux use Alertpay to pay their users.
You can withdraw money from Alertpay via Cheque or Wire transfer but the fees are too high. Alertpay site is down, you can check it out later about the fees structure.
Google Checkout is yet to conquer the world of Online Payments. The service is pretty much limited and unheard. Hope they come up as the best competitors to Paypal.
These are the top 5 possible alternatives for Paypal if you are an Indian. Frankly, compiling this list was a bit of pain because none of these services come even a little closer to what Paypal is presently.
Do let us know which service do you prefer as PayPal alternative for Indian users?
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{ 21 comments… read them below or add one }
Hi,
What about Payoneer Debit Cards?
Kindest,
Nabeel
Hi Nabeel,
I have not used Payoneer anytime but I guess their fees is a lot.. Am not sure though
Anyone in here uses Payoneer??? @ others
I use Alertpay it is much better then paypal and other.
we can verify account via mobile phones add bank accounts and for standard member there is no receiving fees.
Thanks for sharing
Pradeep
apart from few problems in recent days, i have not had any major problem with paypal as it sends money directly to my bank account….its their best feature although conversion rate is low, i will agree for it
Exactly, Paypal is the best and other service is closer to it. But the monopoly in the market actually gonna affect us..
Google Checkout is not open to Indians. It is available only to US and UK residents.
I did not see Indian transfer fees on MoneyBookers.
Not sure if you checked these sites before writing this post
Hi Nirav
I did mentioned this: “Google Checkout is yet to conquer the world of Online Payments”
So it’s obvious
I think MoneyBookers and AlertPay are two good Paypal alternatives. Google Checkout is surely not available in India so you cannot see it is alternatives for Indians
Well that’s true. But am only hoping it’d be a good aspirant to take over the Paypal market
Nice list. I have not really heard about any of these services. What happened to Indian Paypal users? They can’t use Paypal anymore?!
Well nothing like that Julius.
Sometimes like to play around with Indian Paypal Users that’s all
Thanks to our RBI
I think moneybookers is doing great. Their charges are lower. Unfortunately moneybookers is not supported at USA, so I also had to use payoneers for USA clients.
An alternative of paypal is now very essential. They are dominating the market as they have huge users.
Alertpay is the one which I think is popular after PayPal. So consider that service.
One more alternative is Liberty Reserve..
Yeah Typhoon,
Liberty reserve is another great alternative, I love it because of its popularity and ease of access.
Nothing comes close to paypal in terms of acceptance and features. Some time back when Paypal had an issue, odesk had waived off the payoneer card fees. I checked out their charges then.
They have withdrawal fees and I think it works out to be more expensive that Paypal even without the card fees at the outset.
Regarding other services like Alert pay and Moneybooker, have heard of them but never felt the need to check them out.
Dear All,
I want to develop a site with products showing INR rates in shopping cart with Paypal integration ..When i enquired with my friends i came to know that Paypal doesnt accepts INR .
1.My question is whether it accepts INR currency as i am targeting only domestic market in india .
if so what is meant by currency convetion rates which its mentioned in Paypal website stating that “This exchange rate includes a 2.5% fee ” , Since i am accepting only INR currency why there is currency convertion rate is getting applied .
So do i need to pay 3.4 % + 0.3 US dollars + 2.5 %
Please advice …its most urgent …
Thanks in advance .. God bless
Hello the first alternative doesnt sound right? I mean a set up fee of 49$ and on top of that 5.5% fee and also 0.45$ per transaction doesn’t look right at all, they are simply stealing money. Just my view on the topic, might differ from you apart from that, I would also like to add one more service to this list, its a new player in e-wallet services and named Okpay, not very popular but the cheerful part is it also provides a source of income with its referral service(like you invite users to orkut).
Warm regards,
Anil Sharma
2Checkout is a good alternative. In fact, I have used this payment gateway in a few of my projects years ago, for my clients websites.
Please tell me which site best to transfer dollar in paypal account
and what should be the purpose code in paypal account ,also tell me more about a
verified paypal account.
Hi,
Are these options fine to RECEIVE money for Transactions in India from Indian resident buyers? I guess most of the listed sites, do not allow this, following similar guidelines to Paypal by the RBI… i.e: You cannot pay any Indian seller, if you are an Indian buyer, through these sites that you have mentioned here.
Alternatives could be gateways like CC Avenue and others – But these are not as convenient as Paypal… Can anyone, suggest Paypal alternatives for Indian transactions as stated above? I mean as convenient as Paypal but acceptable in India as per RBI rules?
Thanks
now alert pay does not support withdrawal using check.
also Transaction Fees for 2checkout is now 5.5% commission on each transaction, plus a $0.45 USD charge per transaction plus 5.99 dollar per month!!!!
not affordable for beginners