While PayPal is certainly ruling the financial transaction domain, it is important to know that there are so many other PayPal alternatives as well. PayPal is one of the most trusted applications when it comes to payments whether it be in-country or for international payments.
With this case, many firms and other such organizations favour PayPal for their payments but many people might not have a PayPal account at all. So what does that mean for you? Does it mean that you have to compulsorily join PayPal to get or send your payments? The answer would be no. With the pandemic striking all around the world, going digital seemed like the ultimate solution to save coming into contact with anyone.
Here are many PayPal alternatives if you go around looking for it. Some options are equally as good.
Skrill is one of the best PayPal alternative when it comes to international payments. This is because it has great prices conversion mechanism associated with it. It, therefore, gives great value for money and is one of the most trusted apps for international payments. The application also provides you with a prepaid Mastercard. The best part of this MasterCard is its utility. This card can be used in various places and is therefore very purposeful. Many shops across the world accept that card. Also, there is no added cost to transfer or send money via this application. SKrill is available in the form of a mobile application and can therefore be used on Android and Apple as well.
Instamojo is very close to PayPal. Using this app, you can do payments by using the username or email address of the other person. Similarly, the other person can send you money by using your username. Instamojo also has a digital store within the app in case you want to sell something.
You can sell digital products or services. Even as an app in its initial stages of recognition, it has maintained its security and tends to improve each day. With regular updates to make the app bug free, Instamojo serves as a great alternative to PayPal for any type of payments.
There is no additional cost of sending money over Instamojo. There is no fee for the setup or even the maintenance of your account with this app.
If you’re looking for something reliable and to use for the long run, google pay is just the app for you. This app provides one of the best services and is associated with the software giant Google which ultimately gains all of our trust. This app is easy to use and works with many QR codes and many locations therefore making it a great option for international payments.
For debit card payments and general money transfers, it has no additional costs. However, you do need to pay more if you’re using a credit card. For credit card transactions, you have to pay about 2.9% of the total cost. The best part of the application is that it is available on all smartphones, Apple or Android. This increases the usability of the application. For business owners as well, using google pay is a great option and proves very fruitful in the long run.
Stripe forms as one of the very reliable PayPal alternatives by being one of the most inclusive applications. It has many web stores and e-commerce integrations. Along with that, it is based in the USA and is available in many countries worldwide. Using the Stripe Atlas program, the application aims at capturing the global market. If you see that your country is not affiliated or included in this application, you can just request it and they will process your request as soon as possible.
It has an acceptance of debit cards from more than 135+ countries which makes it truly global in every sense. Another great part about this application is that you can also transact with bitcoins using this application. So, you can receive a payment in bitcoins just like that. However, you do have to pay transactional charges for using the app. You have to pay about 2.5% of the total cost along with an additional 30 cents per transaction. So even if this might feel like a drawback, if you look into the big picture, it isn’t.
Payoneer is one of the oldest and most used global services. It is one of the most trusted and the best part is that it is available for use in many countries. It is recently launched in India and Pakistan as well. So, you can easily transact between other countries like the European countries, Australia and the USA.
The transaction fees of the application is also very less as compared to some other services in the same range. Also, this app is easy to sign up with and you can just sign up for free. Once you transact over $1000 using the app, you also get a $25 bonus. Isn’t that just the best thing? Due to the lower transaction services, you end up saving a lot of money and don’t spend the majority just by paying transactional charges.
In this manner, you can utilize the various options that allow international payments and aren't just PayPal. Even though PayPal is one of the most popular global applications in such a way that it almost has a monopoly on global transactions, many other options are just as good and get the job done.
So you don’t necessarily need a PayPal account to make international payments. There are a whole bunch of options that you can use instead and just make some profits. Use the various advantages of the apps that are available and make the most out of the options that you have with you.