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10 Best Alternatives To PayPal For Online Payment That Will Make Your Life Easier

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10 Best Alternatives To PayPal For Online Payment That Will Make Your Life Easier

PayPal has become somewhat of a standard when it comes to online payments and is very widespread. It’s not that it is the cheapest or even the best online payment option out there, it’s that people have gotten used to it and aren’t really aware of the alternatives. You might be wondering why you shouldn’t just stick with what you know and go for PayPal, after all it’s what nearly everyone uses. The main reasons for looking at alternatives would be competitive pricing and ease of use, although numerous reports have also been made against PayPal’s questionable business practices.

Another point against it is that not everyone from around the world can use it, which cuts you off from several different markets, but some of the other payment systems share this problem, although they run a much tighter ship. Running a successful eCommerce website with plenty of traffic will require a good amount of resources and hard work, so you want to make sure that the customer satisfaction is high and that all transactions go as smoothly as possible. At the same time, you may need an effective way to send and receive money internationally. To accomplish these things, you may want to check these alternative of online payment methods that have proven to be consistent with the quality of their service.

1. Skrill

Skrill

    Formerly known as Moneybookers, Skrill provides you with an online account that is fairly quick to set up and easy to use. You can send money to other users and receive payments, buy items online and they send you a prepaid debit card which you can use for payments stores or ATM withdrawals.

    The good

    • It’s fast and easy to set up an account
    • You can use it anywhere in the world
    • Works with a number of major currencies
    • Has a reasonable flat fee for transfers (1% and limited to 10 euros max)
    • It’s fairly secure

    The bad

    • Stringent fraud prevention policies can cause problems like freezing accounts
    • Poor customer service which makes it difficult to resolve problems quickly

    As long as you aren’t one of the few unlucky people who experience a problem and have to deal with their lacklustre customer service, Skrill is a great online and offline payment method.

    2. Payoneer

    Payoneer

      Much like Skrill, Payoneer provides you with an online account and a PrepaidMaster card with a fixed activation fee. You can load money onto your account, receive and send payments as well as shop online and in any store that accepts major credit cards and withdraw cash form ATM’s.

      The good

      • Quick and easy account set up
      • Seamless and straightforward transactions
      • Can be used around the globe
      • Is supported by major freelance platforms like oDesk

      The bad

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      • High fixed account maintenance and ATM withdrawal rates
      • Fees involved in bank account transfers unlike similar services where this is free
      • Hit and miss customer service

      Overall it is a fairly reliable payment system that can be used in any country in the world, but you will need to come to terms with relatively steep rates when compared with similar options.

      3. Dwolla

      Dwolla

        Dwolla is a very secure, quick and cheap way to make or receive payments online directly through your checking account. With free transactions bellow $10 and only 25 cents for any amount above it is definitely one of the most cost-effective platforms, although it does require both parties to have a Dwolla account.

        The good

        • Very low transaction fee of $0.25
        • Allows sender to assume transaction fee
        • Easy to use
        • Instant cash transfer

        The bad

        • Both parties need to have a Dwolla account to make payments
        • The service is only available in the US

        If you live in the US this is definitely one of the cheapest and fastest ways to send money, as long as you can convince others to sign up for an account.

        4. Google Wallet

        Google Wallet

          As far as storing all your debit and credit cards for quick and easy use goes, Google Wallet has proven to be a great option for many people. It is essentially an online wallet that contains your different cards, and it also has a card that you can use for in-store purchases.

          The good

          • Very safe and secure
          • Make payments from your smartphone
          • Easy to receive and send money

          The bad

          • Only available in the US
          • Sending money and topping off your balance from your credit card carries a 2.9% fee

          It is a very good payment solution, but it is limited to the US market.

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          5. Amazon Payments

          Amazon Payments

            With a good amount of functionality and a very simple checkout process, Amazon Payments is high up there as far as online payment solutions go. You don’t have to worry about fees up to a certain point and the transactions are fairly quick.

            The good

            • Send and receive up to $1000 monthly without any fees
            • Very reasonable transaction fees 2.9% +$0.30
            • Decent security and protection

            The bad

            • You need a US social security number to use the service

            Amazon Payments is a good and user-friendly service, but unfortunately limited to US users.

            6. Braintree

            Braintree

              Primarily geared towards online store owners and merchants, Braintree is a merchant account provider with a flat transaction fee and some useful options for improved customer satisfaction, e.g. multiple languages. You can integrate it into your website with a bit of programming skill and gain access to a fast and effective checkout option. It was purchased by PayPall and is available in most countries around the globe, supporting a great number of currencies.

              The good

              • Straightforward and reasonable pricing
              • Good customer support
              • A big list of useful features

              The bad

              • Requires merchant account
              • It takes some programming skill to implement

              Braintree is a very good choice for eCommerce websites if you are willing to put in a little work.

              7. Clickbank

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              Clickbank

                Clickbank allows an easy setup and fast transactions when it comes to selling digital content online. You get a good marketing platform with access to affiliates, so you can sell your digital content with ease.

                The good

                • Great for artists with talent, but no real online business skills
                • Reasonable flat start-up fee and 7% fee on all your sales
                • They take care of everything for you, allowing you to focus on your work

                The bad

                • It’s only really good for people looking to sell digital content online

                This is a good deal if you’re looking to sell digital content without too much hassle, but not a very versatile service otherwise.

                8. Selz

                Selz store

                  This is another quick and easy way of selling products online, especially for blogs and websites that don’t need to sell all that many items. Selz can be installed in a matter of minutes and is incredibly user friendly, allowing Visa and Master Card payments.

                  The good

                  • Users don’t leave the products page when buying
                  • Fast automated digital content delivery
                  • Easy to install “buy now” button
                  • Decent flat transaction fees of 5% +$0.25
                  • Users can sell from blog or social media pages

                  The bad

                  • Not really suited for a robust eCommerce website
                  • Limited payment options
                  • Limited shipping options for non-digital content

                  It is very simple and quick, but it is only really suitable for fairly small businesses, bloggers and artists looking for an easy solution to sell their work from their website or social media platform.

                  9. Stripe

                  Stripe

                    With Stripe you can accept payments from customers through use of a buy button that allows the transaction to happen on the same page, much like with Selz. There is a flat transaction rate of 2.9% + 30 cents and it is integrated with the most popular shopping cart options.

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                    The good

                    • Automatically deposits to an outside bank
                    • Accept payments from all over the world
                    • Mobile payments

                    The bad

                    • Will have to wait for a week after a transaction to collect your funds
                    • Requires some programming skills
                    • Only available for merchants in US, Canada, UK, Australia and Ireland

                    This is a good choice and well-priced option for those based in a few selected countries, with a bit of programing skills or a WordPress website where available plugins make integration a bit easier.

                    10. Payza

                    Payza

                      Online purchases, sending and receiving cash and sending out invoices are a breeze with Payza, formerly known as AlertPay. The service is geared towards both private users and companies, and has shopping carts and buy buttons that can be integrated with a website.

                      The good

                      • Receive money from around the world in a variety of currencies
                      • Offers shopping cart integration
                      • Good security
                      • Reasonable fees that wary from country to country
                      • Online and offline purchases with prepaid credit card

                      The bad

                      • A lot of people experience processing and verification issues
                      • Not the best customer support service

                      Payza is a decent option overall, with some good functionality, but there are still some problems here and there, and their support isn’t all that great.

                      All in all, there are quite a few good online payment options that give PayPal a run for its money. Whether you are a freelancer looking to receive payments, a blogger looking to monetize their blog or an online store owner who want to give visitors a good PayPal alternative, you will find these to be some great options.

                      More by this author

                      Ivan Dimitrijevic

                      Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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                      Published on November 8, 2021

                      How To Achieve Financial Freedom With the Right Mindset

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                      How To Achieve Financial Freedom With the Right Mindset

                      What would being financially free mean to you? Have you made the mistake of thinking that financial freedom requires millions of dollars and decades of hard work? When it comes to our relationship to money, the answers really lie in our mindset. Change your mindset around money and your entire financial outlook will change with it.

                      And no: we’re not talking about putting a check for a million dollars under your pillow at night. This is about you becoming a financially free person, in whatever capacity you choose. And that’s really the key: it needs to be defined by you. So many people outsource this responsibility to society/celebrities/the government etc… and as a result never achieve it.

                      What if you could identify what financial freedom looks like for you, realize that it is possible to get there in a matter of a few months and then build a road map to do just that?

                      Read on, because that’s what we’re going to open you up to. This isn’t about giving you specific strategies “guaranteed to work in five minutes or your money back…blah blah.” This is about awakening you to just how powerful you are, where your blocks lie and how to smash through them effectively.

                      Financial Freedom – What is it?

                      Well like I said: I’m not going to define this for you. That misses the whole point of this article, but let’s lay out some ideas to get you started.

                      Typically, when we talk about financial freedom in the west, we really mean: freedom from needing to work, in order to meet financial obligations. We know that there has been a rise in depression amongst nine-to-fivers, 62% as a matter of fact between 2019 and 2020 in the USA.[1] It’s therefore no wonder that there has been correlative uptick in the search for alternative solutions to finances.

                      This depression is largely as a result of feeling trapped, unable to realize potential and being denied opportunity. It is also likely that, thanks to a more global world and social media: we see just how abundant life can be for some; like a carrot dangled tantalisingly close, but just out of reach. We yearn for more meaning in our lives, more excitement and to be able to live on our terms.

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                      Finances are (as we see it) the stumbling block and the preserve of the chosen few…not us.

                      So to start building an accurate picture of what financial freedom would be for you, begin with what your life would look like if you didn’t have to worry about money. How would you feel if you didn’t have to consider your monthly budget, when putting your hand in your pocket to pay for lunch?

                      The point is that a lot of the stress and resulting depression that comes from feeling like a ‘wage-slave’ is down to our lack of clarity on what we actually want. We get caught, focussing on what we lack and that perpetuates a mindset of lack that very quickly is reflected in our reality. We are allowing our subconscious, emotional mind to be bombarded with imagery every day that reenforces a sense that we aren’t good enough. That we do not have what it takes.

                      That wouldn’t happen though if we had done the work of pinning down exactly what we wanted in the first place.

                      Does Financial Freedom Come at Extreme Levels of Net Worth?

                      There is a tendency, thanks again largely to how we are conditioned through media, to think that financial freedom only comes at extreme levels of net worth. What if I told you that is completely ill-founded and untrue?

                      Using the standard/assumed definition of financial freedom for a moment; this means that you need enough capital to generate a return that is greater than, or equal to your monthly expenditure. That doesn’t necessarily tell the full picture, but nevertheless; it’s is a good place to start.

                      If your monthly outgoings (mortgage, bills etc…) come to $3,000 for argument’s sake, you can achieve that with as little as $108,000 invested over three years.[2]

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                      Hardly the millions you had probably envisioned is it?

                      Remember: we’re not talking about you living a lavish lifestyle necessarily. If that is what you want; fantastic, it’s certainly achievable, but what we’re getting at here is your ability to meet all of your financial obligations without having to work.

                      I’m sure you’re unlikely to find $108,000 down the back of your couch, but it is a figure that is well within reach of most working adults. A $36,000 salary opens you up to borrowing that kind of money, and even if you have to continue working in the short term in order to service the debt and keep up with your bills; you’ll have a clear end goal in sight.

                      And you’ll have doubled your income in the meantime, for the same amount of work!

                      How To Achieve Financial Freedom With the Right Mindset

                      As we touched on earlier, coming at your life from a space of ‘lack’ simply perpetuates more of the same. As I always say: your environment doesn’t lie. Look around you, if you’re dissatisfied with any aspect of your life, you first need to accept responsibility for it. If you don’t, you’re abdicating your power to make new choices.

                      You may well have been the victim of circumstance in the past, but how you respond and what you do with that experience is up to you. If you choose to look for the positive, however minor it might be in any given situation – your experience of life will begin to change.

                      This is, in essence, what The Law of Attraction is all about. What lies behind it is your reticular activating system (RAS). The part of your brain designed to filter out the (as it sees it) unless information, highlight the important information and prioritize your safety. Thanks to it being part of your primeval/‘lizard’ brain however, it predates the conscious mind, intellect and reason.

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                      The issue for a lot of us is that we haven’t understood how to communicate in a way that our RAS understands. We can’t translate our conscious desires and are therefore caught in a loop between two incongruous forces.

                      Our subconscious wants us to be alive and it bases its criteria for this, largely on the principal of: same = safe. Meanwhile, your quality of life, passive income, work/life balance etc… are inconsequential. That part of your mind doesn’t give a hoot about the utility bill or being able to afford a holiday.

                      It is perfectly possible to show you subconscious/RAS the benefits of financial freedom though, or indeed any other outcome you’d like to see in your life. You just have to speak its language. Becoming debt free and financially free is actually one of the easiest things you can communicate to your subconscious, because you have so much ‘real-world’ experience with money.

                      Here’s how:

                      1. Start by clearing your mind and being present – find a meditation, visualization or breathing exercise that calms your mind, allows you to focus on the present moment and become an observer of your surroundings. The point of this is to stop all of those thoughts buzzing around in your head that are pulling you back to the past, or projecting you into an imagined future.
                      2. Then build a mental movie or slideshow of what your average day would look like, were you to achieve financial freedom. We’re not talking about big occasions, huge wins or events; just an average day.
                      3. From your position of present observer – start to observe the feelings that arise as you go about this average day in your new life. Do you feel your shoulders relax and drop? Have you got excited ‘butterflies’ in your stomach? Are you smiling more?

                      Learn to recall these feelings at will – this will connect the dots for your RAS and you will soon start noticing a shift. Think of it as connecting with your desired future and pulling it into/towards your present.

                      Bonus Hack – Practice Gratitude

                      We’ve already discussed how you can start attracting/observing the opportunities that will enable you to achieve financial freedom. This involves a lot of work in order to finesse, but the principals are easy enough to understand. Something that we can all do, no matter what we’re trying to achieve, is practice gratitude.

                      Using the same principals that I’ve outlined above: something of a ‘catch-all’ that we can train our minds to produce more of, is gratitude. If we can shift our mindset so that the next time some negative, external and unforeseen event occurs, we are still able to be grateful for it; your entire experience will shift.

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                      Not only will you observe more to be grateful for all around you on a daily basis, but you will shift out of a mindset of ‘lack’. All of the barriers that stood in your way before (not enough capital, stuck in a job I hate etc…) they will shift to becoming things that support your desires and goals.

                      For example:

                      The job you hate, when reframed as the means to support a transitional stage of your life (i.e. enabling you to borrow money to invest) suddenly gives you a resource to be grateful for.

                      The added beauty of this is that your RAS doesn’t know the difference between a big win and a small win. You being truly, deeply grateful for your socks (for example) carries the same weight as being grateful for your health, or your spouse. This is why I say “practice” gratitude. You can start whenever you want!

                      Look around you right now and find something that you really are grateful for, no matter how small and seemingly inconsequential.

                      Practicing this will create a snowball effect. Much quicker than you might think: you’ll be overwhelmed with gratitude for your life and all that’s in it.

                      In Summary

                      Financial freedom is more within your reach than you probably think or feel. Understand that the limits you’re assuming to be there are largely a product of your subconscious mind, having been drip-fed evidence of that over the course of your lifetime. Changing that might take a lot of effort in the short-term, like cranking over an old car, but the effects will begin to build up quickly and self-perpetuate.

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                      Apply this mindset to your financial situation and you will find that it too will begin to ‘snowball’. Financial freedom is closer than you think, so start looking for it today!

                      Featured photo credit: Pepi Stojanovski via unsplash.com

                      Reference

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