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! Can you please tell if there ways to receive in India from India like there are ways in paypal. Paypal allows us security by telling only our email id to payers.

  2. Thanks for the useful information that you have shared. I had already implemented paypal and payumoney and planning to add few more on my website.

  3. Pls clarify this. I want to use payment system which will ‘instantly’ transfer money to my bank account.i am from India. I want to accept payments from only India.which is better To me? Either paypal or other?

    1. Payoneer is the best. Eg. I transfer USD from Upwork to Payoneer Account at 9 AM IST and the money gets deposited in my Indian Bank account around 5 PM same day. Moreover, their conversion rates are far better than Paypal and Upwork local transfer.

  4. I want to run a woocommerce store for US only. Which is the best option to recieve payment from US as paypal does not support transfer of money from US to India.

  5. Hello Harsh, PayPal is good, but they no support my country.

    Do you think getting a USA paypal account from Auction Essistance would be a good option for us?

  6. Harsh bhai, please help.
    I am a freelancer and I have a big client paying directly. I have been trying to use Payoneer because of their better exchange rate and low fee, but it’s pathetic. They hold back the payment for approval for a long time.. their support is the worst I have experienced. Payoneer is only good when you are being paid from upwork, fiverr, etc, but not when it is direct payment from clients.
    Also, they are unable to give me proper answer to this question – can I receive payments in all currencies like USD, GBP, etc.. Once they said NO, I can receive only USD. When asked again, they say yes, I can receive any currency!!

    1. Can you suggest any other alternative for commercial payment receiving in India? (can’t use services like Remitly,etc, because they are only for personal payments)

    2. Can I receive payment in GBP through their Billing Service, if I am an Indian user?


    1. @Laksh
      In this scenario, I would stick with PayPal or ask the client to pay in Bitcoin if possible. You can then use an Indian Bitcoin exchange like BitBNS to quickly convert those Bitcoins into INR. This actually helps you to save a lot. The only challenge is, your client should be comfortable paying in bitcoins.

  7. Payoneer is great!

    I’m not sure why it receives negative reviews but it works for me. Thanks to them I can receive my affiliate income online instead of through the mail.

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