PayPal is one of the largest and most popular platforms for fund transfers around the world. But, what if you do not have access to PayPal? Or, you probably want a much more affordable service to save a few bucks. Below are 12 of the best PayPal alternatives in 2020.
Google Pay
Google Pay is an excellent PayPal alternative that offers safe money transfers. The best thing about this platform is you can receive, send, and transfer money online within the US. It provides zero transaction fees for any bank or debit card transfer. Google Pay also ensures to protect you from frauds or hackers by equipping high-end security technology.
Amazon Pay
Amazon, one of the most well-known tech giants, offers a great online money transfer platform called Amazon Pay. The best thing about it is it allows you to transact within and outside the United States. Since Amazon manages it, this platform is genuinely reliable and super safe from fraud.
Payoneer
Payoneer is one of the best money transfer platforms worldwide, aside from PayPal. It offers reliable and safe money transactions to over 200 countries, domestic and international. The best thing about Payoneer is that the payment system is much faster than any other on the list. You will be able to receive the money after only 24 hours of being sent.
TransferWise
If you are looking for a faster and more affordable money transfer platform than PayPal, TransferWise is the best option. You can receive or send money for over 40 currencies at very cheap rates. It has a user-friendly interface and top-notch security technology. If you do not mind waiting for two days for the fund transfers to be complete, then Payoneer is for you.
ProPay
Are you looking for the best platform for highly encrypted online money transfers? Then ProPay is the best you got. It is one of the leading payment solutions other than PayPal that offers safe and reliable services. You can easily make a payment transaction, send and receive money using your debit or credit cards.
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Skrill
This list will not be complete without Skrill. This money transfer platform offers a much cheaper transaction rate than PayPal. Aside from sending and receiving money, you can also invest in cryptocurrency using Skrill. You do not have to worry about scams and frauds as this platform equips advanced security technologies.
Venmo
Venmo is probably the best PayPal alternative on the list because PayPal itself manages it. It is a free online payment service used for US-based money transactions. Besides sending and receiving money, you can also link your credit or debit cards to your account and start a transaction whenever and wherever you are.
Stripe
Stripe is one of the best PayPal alternatives for online money transfers and is trusted by well-known brands like Lyft, Slack, and Glossier. It offers one of the most affordable rates on the list for just 30 cents per transaction. It is a great partner for e-commerce businesses because of its easy-to-use interface and incredible services.
Shopify Payments
One of the most straightforward platforms that offer payment services is Shopify Payments. It is also faster than PayPal as you can instantly receive your funds in just three days. This platform only requires you to input the necessary information once. It means you do not need to type your details every time you do a transaction, unlike any other money transfer platform.
Zelle
If you want a money transfer platform similar to PayPal but free of charge, Zelle is the perfect one. It equips one of the best systems for reliable fund transfers. Plus, the services are entirely free when sending money to bank accounts. This platform boasts its pride as it integrates giant banks like JP Morgan Chase, Bank of America, and many more.
Authorize.net
Authorize.net is one of the frontrunners on the list regarding reliable payment solutions and excellent customer service. It offers a three-tier variety of services such as All-in-One Option, Payment Gateway Only, and Enterprise Solution for big companies and businesses. This money transfer platform provides excellent security features ensuring that you are safe from frauds.
Dwolla
One of the most affordable yet not quite popular money transfer platforms is Dwolla. Just like any other service on the list, it offers to send and receive funds worldwide. It is probably one of the best PayPal alternatives out there as it provides zero fees for sending 10 dollars or under and 25 cents for every $10 and above transactions. The Dwolla account is also straightforward to create.
Takeaway
If you are looking for a money transfer platform much affordable and faster than PayPal, then you have come to the right place. This list will help you to save some extra bucks while sending funds. Plus, this list provides the best PayPal alternatives with meticulous details to help you find what suits you most.
