I have been a Paypal user for almost 5 years, and I love it to the core. When I was starting online, I had no idea how to receive money from people outside my country, and Paypal made it so easy to receive money from foreign countries.
In my country (India) due to PayPal and RBI dispute, I can no longer use PayPal same as others users from countries like U.K., Australia. For example, one Indian PayPal user cannot send or receive money from another Indian PayPal user. This is one of the biggest drawbacks of PayPal, and so I started digging down some of the best alternative sites to PayPal.
There are many sites that are similar as PayPal and have few different features. I will list down some of the best sites like PayPal, which I have found which researching for an alternate mode to receive payments, and if you know of any other feel free to suggest via comments.
Best Alternative sites to Paypal
I’m making this list exclusive for Bloggers and freelancers, and if you are a small business; I would love to know what tool you are using to send or receive payment from overseas. So, let’s start our grand list:
Payoneer is one of the oldest services for global payment, and now they are available in countries like India, Pakistan and many more. Payoneer will let you receive money from U.S. based & European countries. The best part about Payoneer is, the transaction fees are lower, and you will save a lot of money in between. Signing up for Payoneer is free, and once you have done a transaction of $100 using Payoneer, you will get a bonus of $25.
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 alternative 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
Skrill is another great alternative option 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:
Payza is a newly rebranded site and offers almost all the features as Paypal. You can create a free account or business account depending upon your need. I haven’t used the site, but the interface and everything look pretty impressive. If you have used Payza, I would love to hear your review and feedback.
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?