11 Best Paypal Alternatives: Online Payment for Small Business (2022)

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Paypal Alternatives
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I have been a PayPal user for almost five years, and I love it to the core. When I was starting out online, I had no idea how to receive money from people outside of my own country, and PayPal made it so easy to receive money from these foreign country transactions.

In my homeland (India) due to PayPal and RBI disputes, I can no longer use PayPal the same as other users from countries like the U.S.A, the U.K., and Australia.

So I started digging around to find some of the best alternative sites to PayPal.

There are many sites that are similar to PayPal with more or fewer features. I will list some of the best money transfer sites which I have found while searching for an alternative method for receiving payments. If you know of any others feel free to suggest via the comments.

For the quick read, here is the list of services that are mentioned below:

  1. Payoneer
  2. Stripe
  3. Coinpayments (For Crypto payment gateway)
  4. Binance Pay (For Crypto payments)
  5. Transferwise
  6. 2checkout
  7. Instamojo
  8. Google Pay
  9. Skrill
  10. Remitly
  11. Coinbase merchants

Best Alternative sites to Paypal: 2022 Edition

These Paypal alternatives are idle for freelancers, bloggers, small business owners, and affiliates.  I would love to know what tool you are using to send or receive payment from overseas.

So, let’s start with our grand list of best PayPal alternatives:

1. Payoneer

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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 the U.S, European countries, Japan, Australia, China and few other countries. The best part about Payoneer is the transaction fees are lower and because of this, you will end up saving a lot of money. Do visit Payoneer review to learn more about their offerings.

Signing up for Payoneer is free, and once you have done a transaction of $1000 using Payoneer, you will get a bonus of $25.

Here are a few more tutorials & guides for using Payoneer:

2. Stripe

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If you are looking for a PayPal alternative to accept payment on your online store, Stripe is the best option. It’s a USA based company & accepts the application from many countries in the world. If you are from a country which is not in operation list of Stripe, you can take advantage of Stripe Atlas program that let you incorporate a company in USA & also opens a bank account for you. I actually did all this to run ShoutMeLoud store & you can read about Stripe Atlas program here.

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Stripe has integration with almost all the web stores, e-commerce store so you are more likely to find a plugin or a way to integrate Stripe with your web store or e-commerce site. You can use Stripe to accept one-time payment & even for accepting recurring payments.

Stipe accepts payment from all major debit/credit cards from 135+ countries, so you can truly go global with Stripe.

There is no setup fees or monthly fees. However, per transaction Stripe charges 2.9% + 30 cents. You can also accept payment in Bitcoins using Stripe payment processor.

3. CoinPayments:

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If you are looking for a crypto payment gateway which works as a PayPal alternatives, then look no further than CoinPayments. They have integration available for all popular e-commerce platforms and it lets you accept payment in all major cryptocurrencies.

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Not only that, it also offer a multi crypto-currency wallet, that could be used to store your cryptoassets. You can use this along with PayPal or other payment gateways to accept payment in cryptos.

4. Binance Pay

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Binance pay is a crypto alternative of PayPal which can be used for P2P payment, as well as accepting online payments on your e-commerce store. Users can pay using stable coins, BNB coin, BTC and over 20+ cryptoassets. The integration is simple, which would let you add “Pay with Binance” button on your e-commerce store.

To use Binance pay, you need a Binance account with complete KYC. Unfortunately, this feature is not available for users from USA, and they should look at other options listed in this resource.

If you already have a Binance account, then open your Binance mobile app, and click on profile, and select Binance pay to start creating your pay account for accepting payments or sending P2P payments like PayPal.

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5. TransferWise

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Many of you might not know this popular money transfer website which was created by the people behind Skype & backed by Richard Branson. You might prefer TransferWise over PayPal because of their low transaction fees & currency conversion charges. That means you won’t lose money in currency conversion.

Watch the below video to understand how easy it is to send money using TransferWise:

TransferWise supports various countries & currencies.

When you signup for TransferWise using the link below, your first transaction (up to £500) is completely free.

6. 2Checkout

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Many of my online partners have resorted to 2CO for all their online money needs. 2CO has a lot of positive reviews and is considered as a great alternative to Paypal. Here at the ShoutMeLoud download store, 2CheckOut is used to collect payment from all over the world.

The only downside of 2CheckOut is the high transaction & transfer fees. If you use 2CheckOut, I would suggest keeping your payment release level high so that you save on money transfer fees.

Getting on-board with 2CheckOut is easy & their support is pretty awesome.

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

7. Instamojo

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Instamojo is the PayPal equivalent for Indian users. You can quickly send payment to other Instamojo user using @username or email address. Similarly, you can receive payment by giving your username to others. You can also set up an online store if you like and sell stuff like digital products or services. I have been using Instamojo for almost 2 years and it’s getting better day by day.

8. Google Pay

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Google pay service is available for everyone to integrate Google pay with their existing website, e-commerce store, app and more. Implementing Google pay is easy with any kind of website or services that you offer or you can use ready-made integration for services like Shopify, WooCommerce, Stripe, Square to name a few.

  • Payment method: Credit card, debit card, Bank transfer, UPI
  • Credit card fees: 2.9%
  • Debit card & bank transfer fees: Zero
  • Withdrawal time: 1-3 days

Personally, if you are looking for a long term PayPal alternative for your online store, Google pay should be an idle choice.

9. Skrill

Skrill is a very popular alternative for PayPal & Payoneer because of their currency conversion rates (they are the best).

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I have tried it myself a couple of times and MB transfers work great. They also offer a prepaid Mastercard that works in millions of shop worldwide. They also have an iPhone & Android app so you can make transactions from your mobile.

10. Remitly

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Remitly is another popular service to send money to India & Philippines.  They are running great promotional offers & one of them is no charge on transfers over $1000. When sending money via credit or debit card, the transfer will happen automatically at the flat rate of $3.99.

You also have an option to send payment without any fees, but it will take 3 days.

I believe that when you are not in a hurry, free is good.

11. Coinbase merchants

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If your business is ok accepting Cryptocurrencies like Bitcoin, Ethereum or even stable coins like USDC, you should use Coinbase merchants account. This will help you to save a significant amount of money and the settlement is done quite fast.

CoinBase is a well-known crypto service provider from the USA, which has launched Coinbase merchant service a while back.

Features of Coinbase merchants:

  • No fees to accept cryptos
  • USD coin – If you not accepting crypto due to volatility, you can accept payments in USD coin. It’s faster and pegged to real USD value.
  • Global – No limitation of jurisdiction
  • Webhooks for charges
  • Hosted checkout buttons

Following integrations are available:

  • Shopify
  • WooCommerce
  • OpenCart
  • Gravity forms
  • osCommerce

Withdrawing funds to your bank account can take up to 1-3 days.  This service is not for everyone as it requires a little technical kn0w-how that could be easily learned. However, advantage is really high if your clients are ok paying in cryptocurrencies. As a crypto PayPal alternative, this is worth checking out.

Bonus service:

These are the top alternatives for PayPal. Frankly, compiling this list was a bit of a pain because all of the above-mentioned services have something unique about them.

Other services which are popular to send & receive money internationally:

I personally enjoy using Payoneer the most due to their credibility & great service.

Which service do you prefer as a PayPal alternative?

Also, see:

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Authored By
A Blogger, Author and a speaker! Harsh Agrawal is recognized as a leader in digital marketing and FinTech space. Fountainhead of ShoutMeLoud, and a Speaker at ASW, Hero Mindmine, Inorbit, IBM, India blockchain summit. Also, an award-winning blogger.

66 thoughts on “11 Best Paypal Alternatives: Online Payment for Small Business (2022)”

  1. Hi Harsh, literally first time seeing these great new services, Unless Paypal has something in the country but definitely still recommend paypal

  2. I think payoneer comes after paypal. I heard of payneer before but paypal is still at the top by a big margins from others.

    But with one major drawback 🙁

  3. Kalpana Sharma

    Hi Harsh,
    Thank you for providing this awesome list of Paypal Alternatives. As I have start getting advertisement offers for my blog so I applied for Paypal account to receive payment but my account is still not active. They are asking me to link my debit/credit card but my debit card is not activated for overseas usage.
    These alternatives are great but I just want to know can I use one of these alternative to receive payment over Paypal?
    What about the companies who only pay you through Paypal?
    Thanks in advance

    1. @Kalpana

      1) Get a debit card which supports international payment. The era we living in, don’t limit yourself because a bank doesn’t allow international transaction. I believe you are also from India, so you can get ICICI, HDFC card. I personally use ICICI bank card.

      2) In most of the cases you won’t be able to receive payment from alternative sites. If someone (Client) is sending you payment directly, than you can definitely use any of the above mentioned alternative site.

      3) Out of all the above, Payoneer is supported by many popular network such as Amazon affiliate program, Commision junction or any companies who pay via ACH.

      In general what I recommend is, take out 20-30 minutes & signup for atleast 3-4 of these services (PayPal & Payoneer is must) & you would thank me in future 🙂

  4. Thank you’ Harsh for the alternatives but I want to know one thing from you and that is do I need any legal documents if I want to sell something in online through my own website ?

    1. @Shirsndu
      Mostly you need a PAN card & address proof (Passport, Driving license). This document is asked by payment processing companies. I use 2checkout for collecting payment at ShoutMeLoud store & that was the only thing I had to submit.

  5. Vishwajeet Kumar

    Nice list of PayPal alternative Harsh. I am using PayPal since 10 Years and never have had any problem with them. However they have some limitations for Indian users though it is my No.1 payment processor. BTW apart from PayPal I have used Payoneer and 2Checkout both are good PayPal alternatives.

  6. Thats a nice list there, Can you make a similar one but for Indian Payments like instamojo and payu? I would like to see other options also. I personally use Instamojo and paywithpaytm for my site but wondering what are the best alternatives.

  7. I am using paypal since last 7 year, their service is awesome and the good news is that they are coming to india at july last.
    I recently get a call from PayPal because of 7 year experience and they were asking for review paypal. They also return me some $$$ that i have lost in a dispute.
    So in my view you don’t need to go anywhere else if you are already using paypal.

    1. iftikhar anjum

      they always take decision in favour of customer ( paypal )
      they do what they like, worst payment gateway, looking for some alternative,
      many scammers there using paypal they get goods, then claim for money too and paypal return them i have lost more then 2000 USD in last 8 months,
      no dispute result come in our favour, customer have goods and money also.

  8. All information is right. But we cannot use PayPal. Because Bangladesh does not support PayPal service. It’s a big problem of Bangladeshi People.

    1. @Palash in that case you can use Payza or Payoneer. I believe both of them work flawlessly in Bangladesh.

  9. Honestly, I personally don’t consider any payment processor to use other than paypal as it is a recognized payment processor by RBI. Others are not on the list of RBI for foreign transaction I believe. In fact I have a benchmark that I will use a site only when I see paypal associated with it. Do they pay us through bank wire only or do they have NEFT facility available like paypal? But, its a good list you compiled. You said you use Transferwise & Payoneer. It would be awesome if you mention the names of the merchants from which you receive your payments through payment processors other than paypal. Thanks!!

    1. skrill is the worst payment processor ever, stay away from them. Sometimes they charge me more than what I have ever received. Go to hell skrill..

  10. I never tried something other than Paypal. Hence, this blog post is refreshing to me and I think I should try Payoneer as you say the transaction charges are low.

  11. Informative post.I faced the payment problem before because paypal was not yet there in my country.Currently i am using paypal and its amazing and fastest secure way of payments and receipts.

  12. I think payoneer comes after paypal. I heard of payneer before but paypal is still at the top by a big margins from others.

  13. Which is the safest & convenient sites among all these for making business account & sending and receiving money within India ? Other than Paypal ?

  14. Please Guide me to set up purpose code for payoneer for affiliates markets and other money making on net I am from india.
    Domain website hosting provider ebay amazon bluehost hostgator adsense click bank jvzoo empowr.com empowernetwork.com mobe.com clicksure.com please guide me to set purpose code

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