Do you know PayPal has over 200 million active accounts?
Yes, there are that many businesses engaged there. It is because PayPal was an alternate solution for online money transactions. It provided an alternative solution to traditional money orders and checks.
Though PayPal is widely used for money transactions, you will still find many alternatives. Multiple payment options will always bring more sales for any online business. So, your website better has more options.
Nowadays customers are becoming familiar with payment options other than PayPal. So, there’s no need to give it a second thought. Just begin using them.
Now let’s see what other payment options you really have.
- Google Pay
- Stripe
- Square
- Shopify Payments
- Amazon Pay
- Braintree
- Intuit
- Authorize.net
- WePay
- 2CheckOut
- ProPay
- Click2Sell
- Dwolla
- Payoneer
- Skrill
- Klarna
- Payza
- Merchant
- Payline
You must not know about some of the above payment options. Therefore, let’s find out more about them.
1. Google Pay (G Pay):
- Launched: 2015
- Processing fees start at 1.5 percent or $31 (whichever is higher)
Formerly known as Google Wallet, Google Pay is a money transferring app developed by Google. With over 19 million daily users in the world, it is one of the best PayPal alternative options. That’s the reason it is the strongest PayPal competitor. You should also give it a try, if not using it.
2. Stripe:
- Launched: 2010
- Processing fees start at: 2.9 percent + $0.30 per transaction
Millions of businesses of varying sizes use this payment option. This integrated payment option provides a smooth in-and-out flow of cash. Stripe takes all the care a host needs. It provides options like storing cards and handling subscriptions. Moreover. It also handles direct pay-outs to bank accounts.
3. Square:
- Launched: 2009
- Processing fees start at 2.9 percent fee + $0.30 per transaction
With over 30 million users, Square is great at handling the payroll service. Moreover, employees can check-in and out of work through the Square Point of Scale. Other than this, it also helps in getting small business loans. If granted, you can pay back the loan using the percentage of daily sales using Square
4. Shopify Payments:
- Launched: 2013
- Processing fees start at 2.4 percent
Is your business on Shopify? If so, consider using the Shopify payment option. This is because you’ll have to pay a lower processing fee. Moreover, Shopify allows using Visa, Discover, Mastercard, and American Express. The Shopify payment details automatically sync this order. Therefore, it makes monitoring the order and payment details easy.
5. Amazon Pay:
- Launched: 2007
- Processing fees start at 2.9 percent + 30 cents per transaction
Of course, you know this popular payment option. Amazon Pay is great at handling debit and credit transactions. This thing is not possible with ACH, PayPal, or Bitcoin transactions. Another advantage of using Amazo0n Pay is that you can access it with Alexa. Therefore, it allows the customers to use it through voice search.
6. Braintree:
- Launched: 2007
- Processing fees start at: 2.9 percent + $0.30 per transaction
Braintree is an amazing money transaction platform. This payment option specializes in mobile and web transactions for e-commerce sites. Moreover, it has several useful features. Some of them are a payment gateway, recurring billing, credit card storage, and many more.
7. Intuit:
- Launched: 1983
- Processing fees start at: 2.4 percent + $0.25 per swiped, tapped, or dipped transaction; 3.4 percent + $0.25 per keyed transaction
If you are a small business owner, then this option can be the best one. Intuit is capable of both online and in-person transactions. In addition to that, it can also help pay employees, calculate payroll taxes, and file payroll tax forms.
8. Authorize.net:
- Launched: 1996
- Processing fees start at: 2.9 percent + $0.30 per transaction
Authorize.net has over 430,000 active accounts. It may be an old option, but still managing to remain in the market. It has even received the Achievement in Customer Excellence (ACE) award for eleven consecutive years. This means it has proved its excellence in supporting its customers.
9. WePay:
- Launched: 2008
- Processing fees start at: 2.9 percent + $0.30 per credit card payment; 1 percent + $0.30 per bank transfer.
WePay has managed to stand out among multiple transaction services. It is a good alternative that you can add to your website. Moreover, it has amazing features like stellar customer service and fraud protection. This will definitely make your website more reliable for customers.
10. 2CheckOut:
- Launched: 2000
- Processing fees start at: 2.9 percent + $0.30 per transaction
2Checkout allows users to receive credit card and PayPal payments. Plus, it plays a role in combining a merchant account with a payment gateway. It also provides features like international payments, a solid shopping cart, and recurring billing.
11. ProPay:
- Launched: 1997
- Processing fees start at: 2.69 percent + $0.30 per Visa, Mastercard, or Discover transaction; 3.19 percent + $0.30 per transaction per American Express transaction
ProPay offers features similar to PayPal. Some alike features are the ability to send and receive and send money anywhere in this world and recurring bills.
12. Click2Sell:
- Launched: 2007
- Processing fees start at: Depending on your plan, $1.50 + 7 percent per direct sale or $1 per transaction up to $19.99; $2 per transaction up to $39.99; $3 per transaction over $40
Click2Sell has some common features that a few others also offer. However, the most unique features are affiliate tracking, powerful reports, and automated sales management. Moreover, it has leading sales reporting tools. These tools help you understand sales tactics and strategies better.
13. Dwolla:
- Launched: 2010
- Processing fees start at: Pay-as-you-go API integration in development and will be released in 2019; contact Dwolla for enterprise pricing beginning at $2,000/month
This is another payment option quite similar to PayPal. This option allows brank transaction and Automated Clearing House. It has simple branded tools and a flexible API for quicker service.
14. Payoneer:
- Launched: 2005
- Processing fees start at: 3 percent
Payoneer payment option accepts debit card, credit card, and ACH payments. This payment option is super-fast, i.e., the payments are completed within two hours.
15. Skrill:
- Launched: 2001
- Processing fees start at: 2.9 percent +$0.30 per transaction
Just like everyone on the list, this payment option also offers similar transaction facilities. It offers free account setup and industry-standard rates. Moreover, it allows international merchants to make a transaction almost instantly.
16. Klarna:
- Launched: 2005
- Processing fees start at: 2.95 percent
Klarna proudly says, “It meets the needs of the customers in every situation with a smart and intuitive presentation.” This means they allow the customers to try out the pay later option.
17. Payza:
- Launched: 2012
- Processing fees start at: 1.99 percent + $0.25 per transaction
Payza also accepts payments with bank accounts and credit cards. In addition to that, it also accepts Bitcoins.
18. Merchant Inc.:
- Launched: 1999
- Processing fees start at: 1.99 percent + $0.25 per transaction
Merchant Inc. is another non-hassle payment option you can try out. This allows merchants to have more control over their funds. So, you can go for this option to manage your account well.
19. Payline:
- Launched: 2009
- Processing fees start at: Only 2 percent
Payline is a flexible option that’s accessible, honest, and straightforward. Many merchants are using it for its reliable features. Moreover, it is accepted online, on apps, and in stores.
