From the past few years, everything is going digital and that gave birth to many payment app like PayPal, Skril etc. PayPal is emerging as one of the best payment app and website to receive money either locally and internationally. More than 350 million individuals use paypal for their businesses. PayPal user can receive money in more than 150 currencies, withdraw funds in 100 currencies and hold balance in PayPal account in 50 currencies.
In India, Due to dispute between RBI and PayPal, Indian can no longer use PayPal as the other countries like USA, UK and Australia. So I start digging around to find some best alternative site to PayPal. There are many sites similar to PayPal more or less features. Top 10 best alternative of PayPal receiving payment in India are:
Payoneer is best alternative of PayPal. It is an American financial service company that provides services like online money transfer and digital payment services. It is founded in 2005 at New York City.
In pioneer app, account holders can send and receive funds by using e-wallet, virtual account number in a local currency and prepaid master card debit card. Money can also withdraw from bank account by using pioneer debit card. Pioneer has excellent customer care service with a team of 320 employees who support 4 million customers.
Stripe is also an emerging app for money transfer and receiving payment. It is an Irish financial service with dual headquartered in San Francisco, California and Dublin, Ireland. It is popular around the world as e-commerce is growing and more people do online payment especially during covid19 pandemic. Stripe platform cost 2.9% of transaction plus 30 cents under pay as you go plan.
CoinPayments is a digital currency payment solution allowing merchants to accept Bitcoin. CoinPayments.net is the most comprehensive multi-cryptocurrency platform in the world .CoinPayments offers an industry-low transaction fee of only 0.5%. It also offer a multi crypto-currency wallet, that could be used to store your cryptoassets.
4. Binance pay
Binance Pay is a contactless, borderless and secure cryptocurrency payment technology designed by Binance. Binance Pay allows you to pay and get paid in crypto from your friends and family worldwide. Binance Pay is currently only available to eligible users on Binance.com.
It is also most popular payment app which proved best alternative for PayPal. This app is created by people behind Skype. It is more preferred over PayPal as it offers low transaction fees and currency conversion charges.
2CO has lot of postive review and considered as great alternative of PayPal. This app is available in 87 currencies. It process multiple shoppers from different locations regardless their payment system. It has one drawback which is it’s high transaction and transfer fees.
Instamojo is equivalent to PayPal for Indian users. You can quickly send payment to other Instamojo user using @username or email address. Similarly, you can receive payment by giving your username to others. You can quickly set online store and accept payment and transfer money through Instamojo.
Skrill allows you to send and receive money anywhere in the world. You can link bank account, store debit card information, billers and other details for easy payments.In skrill, Login is with your email ID and Skrill password. Skrill Wallet facility charged 1.45 percent on basis of your monthly transactions.
9. Coinbase merchants
Coinbase is well-known crypto service provider from the USA, which has launched Coinbase merchant service. It is also one of the best alternative of PayPal. They charge no fees for cryptos. Customers of Coinbase Commerce merchants are able to pay for goods and services directly out of their Coinbase account. Instead of copying cryptocurrency addresses and long decimals of amounts, you can simply log into your Coinbase account, select a wallet from which to pay,
Remitly is another popular service to send money to India & other countries. They are running great promotional offers & one of them is no charge on transfers over $1000. When sending money via credit or debit card, the transfer will happen automatically and charge $3.99.