In this article, we will be taking a look at the 5 PayPal alternatives for international payments. If you are interested in reading the details, please head straight to the 15 PayPal Alternatives For International Payments.
5. Stripe
Insider Monkey Score: 4
Stripe, a prominent online payment service, competes with PayPal and offers direct transfers for added convenience. While primarily serving the United States and Canadian markets, Stripe also accepts payments from other regions. Stripe charges merchants a fee of 2.9% + 30 cents for each credit card transaction. They also provide customized packages for businesses that handle larger payments.
4. Square
Insider Monkey Score: 4
Square is one of the best PayPal alternatives for International payments and provides excellent value for small businesses, offering payment processing services in the US, Canada, UK, Australia, and Japan. Established in 2009, it stands out as one of the most cost-effective platforms, with no authorization, business card, or refund fees. Credit card transactions incur a fee of 2.6% + 10 cents, while manual payment entries are charged at 3.5% + 15 cents. Payments made through Square Online Checkout, Square Online Store, and eCommerce API cost 2.9% + 30 cents.
3. Skrill
Insider Monkey Score: 4
Skrill is a trusted online money transfer service with global reach, supporting payments in 38 currencies. It offers flexible transfer limits, ranging from a maximum daily amount of $10,000 to a minimum of $60. Users benefit from free online payments to selected retailers, while deposit fees are set at 1% and withdrawal fees at $6.5 for banks and 7.5% for credit cards.
Domestic transactions may incur up to 2% costs, and additional charges include a 1.45% money transfer fee and a 3.99% currency conversion fee. Regular usage is encouraged to avoid a monthly fee of approximately $6. Skrill also applies fees for chargebacks, attempted cash uploads, provision of incorrect information, lack of cooperation, prohibited transactions, and reversal of false transactions.
2. Google Play
Insider Monkey Score: 4
Alphabet Inc. (NASDAQ:GOOG)’s Google Pay, introduced in 2015 as Android Pay and later rebranded to its current name in 2018, is a free online payment solution offering an alternative to PayPal. Alphabet Inc. (NASDAQ:GOOG)’s Google Play Users can conveniently make payments using their debit, credit, or gift cards through the mobile app without needing physical possession of the cards.
Alphabet Inc. (NASDAQ:GOOG)’s Google Pay is available in 28 countries and enables transactions of up to $9,999 per transaction or $50,000 within five days. The service comes at no cost to users, making it an accessible and cost-effective payment option.
1. Payoneer Global Inc. (NASDAQ:PAYO)
Insider Monkey Score: 4
Payoneer Global Inc. (NASDAQ:PAYO) offers a range of online payment services, similar to PayPal, with a unique pricing model that adjusts based on the type of card used. This variability allows businesses to save money based on their specific sales situation. Receiving payments from other Payoneer Global Inc. (NASDAQ:PAYO) customers incurs no fees. A fee of 3% applies for direct credit card payments, while ACH bank debit transactions carry a 1% fee for all currencies.
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