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9 Best PayPal Alternatives in 2022

PayPal is a well-known name when it comes to online payments. Pretty much every individual who does online shopping is familiar with PayPal as it allows them to make online payments securely. Moreover, it is also among the most common payment gateways integrated by several websites and online stores. However, despite being a popular and robust online payment system, it has some shortcomings that often make individuals look for its alternatives.

Today, we are going to discuss some of the best PayPal alternatives that you can integrate with your website or e-commerce stores as a payment gateway. Also, these alternatives will allow your customers to pay for the products without having to worry about the security of payment details.

9 Best PayPal Alternatives

1. Skrill

Starting our list with the best of the best, we have Skrill, which is one of the most popular online payment gateways. Skrill developers know the needs of modern-day businesses and understand how important it is to facilitate online payments for customers.

When it comes to money transactions and processing, Skrill is a direct competitor of PayPal. These two online payment portals have a long history of being the only competitors in their market. Skrill was founded in 2001, three years after PayPal was formed. Skrill is a trusted name when it comes to processing online money transfers.


  • Skrill makes online payment a piece of cake for users.
  • A user can sign up on their web portal and access all their services from one single dashboard.
  • All the critical information of users is secured by using multiple layers of encryption.
  • Each transaction is monitored by Skrills’s anti-fraud screening feature.
  • Skrill also allows users to take out the cash from the ATM using their Skrill account.

One thing you need to keep in mind is that if you have created an account on Skrill and for some reason, you are inactive on the platform, you will have to pay three euros each month as an inactive fee.

2. Stripe

If you are an online business, then Stripe could help you sort out your payment processing requirements. The Stripe platform was built to make it easier for developers to integrate a payment system in both custom and existing digital apps. It provides clear and concise directions to make payments. Thus, customers feel complete transparency when making the payment from Stipe’s plugin.

The most significant advantage of Stripe’s free API is its simplicity. As a result, even a small company with a small development team can easily integrate Stripe into its website. For the same kind of service, PayPal charges an extra monthly fee from users.


  • Stripe accepts all the major debit and credit cards along with local payment methods. 
  • The business user will be able to make quick payments by using Stripe elements which auto-fills required information for the user.
  • It comes with robust two-step user authentication.
  • The API works well with Apple Pay, Google Pay, and other well-known payment request APIs. 
  • The payment gateway uses Stripe Radar, a fraud prevention system for credit and debit card payment. Likewise, it has 3D security for the prevention and detection of fraudulent payments.
  • The Stripe API allows developers to integrate the mobile customer interface to make payment gateways optimized.

In addition to all the above features, companies that are making more than $80,000 monthly get a discount on the credit fee. Also, Stripe offers multi-currency payouts, which allows you to ship products internationally and when your customer makes payment in their native currency, Stripe will automatically convert and transfer that payment to you in your currency.

3. Payoneer

Payoneer was founded in the year 2005, and it primarily specializes in online payment transfers. Right now, Payoneer has more than four million users who are spread across 200 countries. With Payoneer, a user is able to make cross-border money transfers in more than 150 countries, including the US, India, Japan, Canada, and England. Even Amazon, Airbnb, Google uses their payment gateway to receive online payments.

Payoneer has a strong focus on making it easier for users to process international payments. However, Payoneer doesn’t allow users to have a merchant account. Also, Payoneer doesn’t work as a payment service provider (PSP) such as Square and Stripe. The core functionality resides in facilitating users to transfer funds from one party to the other.


  • As a user, you get a monthly fee structure meaning, you only pay for what plan you have selected. Thus, you don’t have to pay according to the usage and can opt for early termination without paying penalty charges of termination. 
  • In case your customer has a Payoneer account, then the transaction is completely free of charge.
  • Payoneer is a payment gateway for lots of freelancers and international business owners. 
  • It allows both single and mass payout options to its users along with an integrated payment system.
  • Some other key features include escrow payments, partner networks, and multi-currency support.

If you are using Payoneer, you will have to pay an annual subscription fee of $29.95. Also, when compared with many other financial service providers, Payoneer has an expensive online credit card transaction fee.

4. Shopify Payments 

For a lot of users, there’s no difference between Stripe and Shopify Payments. However, Shopify Payments is a separate project explicitly developed for Shopify merchants. It allows customers to quickly activate their choice of payment method during checkout. In simple terms, Shopify payment is a native payment gateway for Shopify stores.

Now you might be confused as to what is the difference between Shopify Payments and Shopify Pay or Shop Pay? Shopify Payments is a plugin that works from the merchant’s end and allows them to handle the payments made by the customer. While Shopify Pay or Shop Pay is the customer’s end plugin that triggers the payment procedure when a user clicks the “buy button” on the screen.


  • No need for logging in to another account; a single dashboard is used to edit and manage both the website and the payment plugin.
  • The gateway is designed exclusively for the Shopify platform, so its integration makes the lives of both customers and merchants much easier. 
  • No extra fee for using this payment gateway for your online business. 
  • Besides, customers get multiple payment options, including Google Pay and even EMI options.
  • With the use of Shopify Payments, a business owner can localize the pricing of the products for their overseas buyers. 
  • It has a centralized dashboard that allows users to track their money in real-time.

Shopify partnered with Stripe in 2013 and developed an integrated payment solution for the website. Thus, eliminating the need for third-party payment gateways. On the other hand, it is a known fact that most customers who are on Shopify prefer Shopify Pay as their preferred payment gateway. As a result, it is clear to have Shopify Payments for merchant side payment transactions.

5. TransferWise/ Wise

TransferWise is known for its global reach along with competitive pricing. Its name has been changed since March 2021, and now it is called “Wise”. The company is duly authorized and is regulated by FCA and HMRC from England. At present, Wise is managing an average of $70 billion worth of funds transfer for 10 million customers across the globe. Also, it employs a two-step verification to ensure completely secure payment processing.


  • When it comes to opening an account, contacting customer support, and making money transfers, Wise makes everything easy.
  • There are no complicated phrases or money transfer jargon that can confuse users. 
  • All the exchange rates and the fee breakdowns are quite clearly mentioned in the form of a table.
  • The transfer fees are exceptionally low, making it cost-effective for users to transfer small amounts overseas. 
  • Wise can manage multiple currencies at the same time and offers its services to individuals as well as businesses.

There are tons of benefits and features offered by Wise. However, it does come with a few disadvantages, such as users can only pay by bank transfer, debit card, and credit card. There’s no way to make payments via cheque or cash.

6. Square

Square is known for being the best mobile credit card processing company, but it also offers services for brick-and-mortar and a robust payment system for online businesses. The website has a complete point-of-sale (POS) feature along with augmented add-on services that can be customized depending on the needs of a business. This makes it easier for a business owner to scale up easily as the business grows. Moreover, the application developed by Square can be installed on both iOS and Android devices.


  • The pricing model of Square is pretty simple, and it does come with all flare rates. 
  • There’s an agreement form that you need to fill for creating an account with Square. However, there’s no contract to sign up and you do not have to pay any penalty when you are not using Square’s services.
  • A user only needs to pay only the processing cost. 
  • Quick and easy to sign up as there are no credit checks and no submission of documents required.
  • It comes with an integrated feature of creating sales data and reports.

If you want to have a custom rate, your business needs to be processing more than $250,000 annually. In addition to this condition, the average ticket sales need to be more than $15. This condition puts Square at a disadvantage to other PayPal alternatives that we have on this list.

7. Quickbooks

Quickbooks is said to be quite powerful software in the business software market. It saves both the money and the time of the business owner. In addition to this, a lot of businesses are already familiar with the working of Quickbooks, so when they are looking for a payment method, Quickbooks always gets the first preference.


  • Convenience is the first thing that attracts users to join Quickbooks. As we know, Quickbooks is the most widely used business accounting system. When a user starts accepting payments from Quickbooks, the whole payment and accounting process becomes streamlined.
  • The software automatically matches up the payment from the customers to the invoices.
  • With the use of Quickbooks, there will be no more notion of using multiple software to manage accounting and payments. 
  • A user can generate their own financial report whenever they want. The information comprises year-over-year income, expenditure, trends, and forecasting documents.
  • Everything is neatly aligned, and the user can get the required information quickly. For a newcomer, the company also offers virtual orientation practice to make them familiar with the product.
  • Most of the functionalities can be initialized with a single click.

One particular issue with using Quickbooks is its high processing fee which could go up to 3.4% in case the customer is paying via keyed credit cards. Thus, a business is left with only two options: either ask their customers to pay the processing fee or pay it by themselves. This processing fee requirement can have a significant impact on a business’s profits.

8. 2Checkout

Now we are at the end of our PayPal alternatives list, but still, we have some great alternatives yet to be explored. The 2Checkout is the payment portal that is designed for WooCommerce websites that allow merchants and business owners to accept credit card payments. There are no hidden fees and you can easily get all the information about the different fee structures of 2Checkout.


  • The implementation process doesn’t take much time as the API works on Python, JAVA, Ruby, PHP, .NET, and cURL. Even the open-source carts which are not developed on WooCommerce can use it for processing payments.
  • Websites developed on Magento and WordPress have no issues running the 2Checkout plugin.
  • The pricing of the payment process depends on the country of the business owner. A user needs to pay a certain fee for each successful transaction.
  • The company has deployed more than 300 fraud rules on its payment gateway. This results in the coverage of all the basic security measures to safeguard users. 
  • 2Checkout is PCI 1 certified, which is the top-of-the-line certification for any online software provider. 
  • The mobile-optimized checkout process is also there, so website owners don’t have to worry about finding other gateways for their mobile users.
  • There are a total of 87 currencies, 15 languages, and 211 countries that are supported by 2Checkout.

2Checkout offers several benefits and is also a great choice for businesses that are dealing in the money transfer of just a few thousand dollars each month.

9. Google Wallet/Google Pay

Google Wallet is the last PayPal alternative on our list and it acts as a virtual wallet for both customers and business owners. All the information of the user is safe in Google’s system rather than the user’s device. As a result, all the information of the transactions which take place on this platform is stored securely on Google servers. Google wallet is becoming more and more popular each day, and a number of online businesses are using it to facilitate their online payments.


  • It comes with a 4 digit pin which keeps the authorization secure to only the Google account holder. There are multiple layers of passwords that work with the application to make sure that each transaction is entirely end-to-end and safe. 
  • In the event you have lost your mobile phone, you can easily disable the Google wallet remotely. The card which you have provided in the Google wallet will still work just fine. 
  • Google’s server keeps the information of users’ credit cards and debit cards safe.

Google Wallet is a great software that can also provide you with a QR code that your customers can scan and make the payment. It is a robust payment gateway, but still, its working is pretty simple.


So, these were some of the best alternatives for PayPal. You can choose one that suits your requirements the best and use it as your payment gateway. However, you must go through their fee structure and document requirements before making your final decision as some payment gateways do come with a contract, and breaking it would cost you a penalty. 

If we have to choose a PayPal alternative from the list above, then we will go with Skrill as our first choice due to its accessibility and functionality. It has time and time again replaced PayPal and offers all the features that you would get in PayPal and that too at cost-effective prices.

Susith Nonis
Susith Nonis
Hey, I’m Susith. I love computers and technology, but I love marketing even more. Really into content creation, social media, and dealing with marketing tools. I spend my free time with friends or traveling the globe and, from time to time, hit the gym as well.


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