Are you looking for Paypal Alternatives? In the digital world, everything is done online. We all know the old days have gone now when we use to carry cash for shopping, have to stand in a long queue for money transfer, etc. Now everything can be done in one click. If you need to buy something, add your credit card details and it’s done. If you need to transfer money, you can transfer the amount sitting on your couch. Everything has come under our comfort zone but you sometimes may confuse about which payment option to choose? Yes, this is a matter of concern, as of course! it’s a matter of your bank details.
While choosing the payment option for online funds transfer, the first thing you consider is reliability and security. How secure your bank details are and how much reliability while sending money. It should not be the case that you are sending $5000 and the other person is receiving some other amount. The transfer must be secure from all malicious activities. The next factor to be considered is flexibility and facility. PayPal is undoubtedly a reliable and secure platform to transfer money online. But sometimes we want to change, it could be due to any reason, for example, hidden charges. So let us discuss in detail the best Paypal Alternatives.
PayPal Alternatives: 5 Best Online Payment Apps
Venmo is a subsidiary of PayPal. It is a new online payment platform that is gaining high popularity these days. It’s a kind of digital wallet that permits users to transfer funds online without any mess. Venmo is completely free to use if you send money from your bank account. But if you pay by credit card there is a three percent charge of the total amount you are going to send online.
Suppose if you have a friend and you need to transfer money but you do not want to give money by cheque then Venmo is the best option for you. Effortless money transfer is possible only with Venmo. Venmo is meant for transactions between people who are known to each other. It’s not intended for paying bills or other transactions.
Payoneer is the best for Freelancers and being a content writer who can understand this more than me. Payoneer is an online payment system and peer-to-peer payment system that allows you to transfer money to anyone anywhere in the world, in addition to making purchases. It provides you with a pre-paid Mastercard that you can use anywhere Mastercard is accepted. Payoneer is really popular for freelancers because Payoneer has a relationship with many freelancing sites. The downside of Payoneer is that it has a variety of different fee levels ($0, $2, or more), depending on how you use the service. Paypal is hugely used by bloggers, freelancers, and online sellers but Payoneer is the great option where Paypal is not accessible.
3) Google Pay
Google Wallet is the most suitable choice for online transactions where you have to use your debit and credit cards. With Google pay, sending money online becomes easy as it put all of your cards on your phone for spending at physical locations. You can pay in-app, in-store, or on the website. Google Pay provides firms to enable shopping across all devices decreasing the chances of forgotten passwords and missed conversions. Google pay provides the users some custom offers and recommendations, share loyalty and gift cards, and reduce the need for ticketing. Google pay is completely free to use and its app is available for android and iOS.
4) We Pay
WePay is a unique platform and one of the best Paypal alternatives also. Wepay focuses on software and platform companies. They provide payment, risk and support products to these companies. The platform is slightly new and brought by a very famous JPMorgan in 2017. Now all JPMorgan companies are using the apps. An example of a WePay customer is the popular crowdfunding site, GoFundMe. This is not a platform for individual transfer.
Dwolla may not be the best for you but it’s better to take a look on what does it provide. The platform works very similar to PayPal. The platform does not provide service about Transferring funds from companies and individuals, the best part is that the company has a speciality in ACH bank transfers. If you have to do a lot of bank tranferrs then ACH is for you. It facilitates fund transfer by linking directly with your bank account. The cost of the transaction is low and this is the biggest advantage of the platform. No surcharges, no hidden costs, Dwolla will simply charge $0.25 for every payment. It works simple.
Well, friends, these are the best PayPal Alternatives you can go for. Each one of them has some pros and cons. Choose wisely the best for you. Price, availability, Surcharges, Reliability, and most importantly Security are all the factors to be considered before taking any decision.
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