Top 5 PayPal Alternatives To Send And Receive Money

Top 5 PayPal Alternatives To Send And Receive Money

PayPal is one of the renowned payment processor used by millions of users worldwide. However, there are some drawbacks using this payment option. This article is mainly focused on the people who are seriously looking for PayPal alternatives.
These are the following disadvantages of PayPal payment processor:
  • PayPal is unavailable in some countries.
  • Many sellers got conned by PayPal payment reversal scam. They lost millions of $$$ without their mistake. The irony is that they don’t investigate the case properly.
  • Their transaction fees are seriously high.
  • The currency conversions are inaccurate.
  • PayPal might limit or ban your accounts anytime.

Here is the list of Top 5 PayPal alternatives :

  1. BitCoin 

    Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. ( Source: Bitcoin )
                           
Payza 
Payza is a PayPal alternative used for sending and receiving money. The fees varies from country to country. This payment processor is ideal for both personal and business accounts. 

3 Payoneer


Payoneer is a reputed payment processor and it is one of the best PayPal alternatives. It is successful because of its low transaction fees and fast transfer. It works in more than 200 countries and more than 3 million users are using this payment system.

4 Skrill 


Skrill (Previously Money Bookers) is one of the oldest payment systems. Skrill is mostly known for payments in online gambling sites. But, Skrill fees is little high compared to other payment systems. Anyway, it also stands in PayPal alternatives list. 

5 Neteller


It is quite easy to send and receive funds using Neteller payment system. Apart from it, you get rewards in points for making transactions. Later you can withdraw money from points. This payment system is also offering benefits for VIP members. You can also join their affiliate program to make some decent bucks.
    Note: Remember that unlike PayPal most of the payment systems would charge you for inactivity.

    Final Conclusion

    Among the list of all Top 5 PayPal alternatives, Payoneer is far better. Payoneer is great if you transact at least $100 in a single usage. If anyone has tried these Paypal alternatives, they’re welcome to share their experiences below. Hope this Top 5 PayPal alternatives article help people to get started
    Top 5 PayPal Alternatives To Send And Receive Money Top 5 PayPal Alternatives To Send And Receive Money Reviewed by Yash kumar on August 26, 2017 Rating: 5

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