Top 5 PayPal Alternatives

Whether sending money to loved ones, paying cash merchants or receiving money, most of you stick to the age old Paypal. No doubt PayPal remains the favorite online payment service, yet its has snags that might hamper your smoothly running e-commerce. It seems PayPal in its complacency is creating holes in its customer service. With the increasing demand for faster online transaction the one-click solutions have gained popularity, which is not the case for PayPal. It’s a time consuming journey from buy now button to sign in. Moreover, there are some good payment processor services coming up with more perks and more convenience. In such situation it remains to see how long will PayPal reign? If you have experience with PayPal, but are currently looking for a PayPal alternative, which may fill the holes created by PayPal, here’s something for you. We have sorted out the top 5 PayPal alternative .

1. Google Checkout

This PayPal alternative offers a faster, safer and convenient option for online shopping. Google Checkout does everything in one fell swoop. It’s a more secured system, as it doesn’t require you to disperse your private information to various unknown Internet vendors, you just need to provide your information to Google. Using Google checkout you quickly and easily buy from online stores as well as track all your orders and shipping in one place.

When you use Google checkout for sales you are charged 2%+$0.20 per transaction. Those of you who advertise with Google AdWords would be eligible for free credit card processing for some Google Checkout sales.

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2. Amazon Checkout

Amazon has entered in a direct tussle with PayPal, launching its online payment service Amazon Checkout. Based on the KISS principle, i.e Keep it short & simple. Log in process seems pretty clean, somewhat imitating PayPal and Google. Security checks your email, bank and cell phone number before admission. Where it sets apart from the rest of the pack is the option to integrate it into your website.

With  Amazon Checkout you can send and request money, add additional funding sources. Well, its nothing sort of an iPhone app that takes you by surprise, but it serves a great alternative to PayPal and Google.

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3. 2checkout

2CO is a turnkey solution for your e-commerce serving as a PayPal alternative. It is a hassle-free processor of credit card and check payment that stands out from the rest of the pack. With 2checkout you can setup a merchant account within just a few minutes - no credit or background check needs to be done.  2CO offers enhanced security with its high-flown fraud protection.

2CO charges only a one time setup fee of $49 USD per sale. It charges a 5.5% commission on each transaction plus a $0.45 charge per sale. What’s more 2CO charges no monthly fees, no application fees, no additional card company or no third party charges or no statement fees.

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4. AlertPay

AlertPay is a PayPal alternative for the less mainstream merchants. It is a is a free to join internet payment service allowing you to send and receive money online. AlertPay is focused around the idea that some clients need more time and attention when it comes to payments. Personal accounts are designed for the internet beginners as well as the regular online shopper or seller.

Alertpay charges an introductory rate of 2.5% per transaction. The companies that requires more services will have to pay 3.9%.
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Obopay

Obopay emerged as a PayPal alternative when PayPal was going through a bad patch during October 2004, when PayPal services was halted for five days. Obopay provided a system for instant mobile money transfers via cell phone and internet. This payment pocessing system allows all forms of online payments including payment through online web stores, sending money to other people or paying for bills. With Obopay payment system you can pay or receive from your phone or from the website directly with instant notification.

Obopay doesn’t charge for sign up or receiving money. Further you can move money from your Obopay account to your bank account or to your Obopay Prepaid MasterCard without any charges. For sending money and acceptance of request to send money you will be charged $0.25 per transaction.

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