For a long time, PayPal made people believe that they were the only company that would let you pay and receive funds on the internet conveniently. In theory, it’s very easy to send and receive money as long as you have an email address. That’s a good idea. So when PayPal opened business, the idea was to keep the process simple and hassle-free. It was a wonderful payment service you could use. A lot of small and big businesses like Pearl Only and Dollar Tree along with other coupon sites like mamma coupon search engine, were using them as one of their payment gateway.
But like it always happens, when companies start to acquire a large customer base, they grow complacent and begin to suck – that is, they start making very damn decisions in the name of enforcing security. They start to do nasty things with your account as long as they detect that it has some good cash. These include holding your money under scrutiny for no apparent reason. This could go on indefinitely and you know how it feels when someone refuses with your money for no reason.
When you inquire with several phone calls and emails, they end up enforcing some form of limitation to your account and tell you that it’s their final decision, and you can do nothing. Isn’t this impunity?
Well, so many PayPal users are being subjected to this kind of thing on a daily basis. If you are one lucky user who has never experienced this problem before, count yourself lucky indeed. But also know that it’s just a matter of time before they will lock your money at a time when you most need it.
That’s why we have decided to zero down to some good PayPal alternatives that respect customers’ rights. If you’ve heard enough of PayPal nonsense, this list is for you:
Payoneer is a fierce competitor of PayPal, and this means low transaction fees and no subscription charges. Getting started is very easy with Payoneer. After signup, you’ll be required to apply for their PrePaid Mastercard which can be loaded with funds in 2-4 days. If you have an online business, you can make use of their ‘’Request a Payment’’ feature.
Your client will receive an invoice from their end with a link to pay you. Likewise, you can send money to whoever you wish without being restricted whatsoever. They don’t have to own a Payoneer account.
If you normally receive payments in your ecommerce site via PayPal, perhaps it’s time you remove PayPal and replace it with Stripe. They will never put limits on your account, so you’re free to withdraw your money in whichever amount you like at any time.
It’s very easy to make use of Stripe in your website. You just need SSL certificate (which all ecommerce sites have anyway), and a content management service that allows this sort of integration. You could also use their API or plugins to facilitate easy integration.
For smaller payments, Stripe is cheaper than PayPal. But for bulk Payments, Stripe tends to be a little expensive than PayPal. But what we love is the convenience and unparalleled customer support which they have. PayPal support takes days to reply tickets, while Stripe takes less than 40 minutes on average. So it’s just worth it.
Even though Bitcoin is a relatively young technology, it offers numerous advantages to those who have already implemented it in their websites. So far, there are different ways to accept payments and a lot of information on how Bitcoins work.
You can use a service like BitcoinPayFlow or BitPay for convenience. If you run a Magento or Ubercart site, you can use existing plugins which make it even more convenient to get started without wasting time. Finally, you can also code your site in such a way that it accepts this mode of Payment.
Skrill used to operate under the name of MoneyBookers. It’s the only payment service that doesn’t deduct a fee if someone makes a chargeback on you. The only disadvantage is that Skrill tends to have slightly high currency conversion fees compared to PayPal. But the advantages far surpass what you’d experience with PayPal. There are no restrictions on how much you receive or withdraw provided you have a verified account. There’s also the option to use their prepaid card.
You might also want to look into a service called Serve. This is like a bank account which is operated on your Android or iOS device. Just like PayPal, you can add money using bank account, credit or debit card. Funds can also be received to your phone from other Serve users. Finally, as a Serve user, one receives an American Express card to use their Serve balance in the real world.