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:
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 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:
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:
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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