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9 Best PayPal Alternatives in 2023 [Online Payment for Small Businesses Simplified]

PayPal is undoubtedly one of the best online payment systems to send and receive money internationally, used by 325 million people in over 200 different countries.

Not only this, at PayPal you can receive money in more than 100 currencies, withdraw funds in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

But, that does not mean there are no other sites like PayPal out there. So in this post, we have curated the list of 9 PayPal competitors that you can use in 2023 for your business.

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From the past few years, almost everything is going digital and that gave birth to many services like PayPal.

Moreover, there are many countries where PayPal is still not accepted. So to make online payments simple in those countries and all over the world, there are several companies other than PayPal that made online payments simplified for small businesses.

And if you’re looking for PayPal alternatives for whatsoever reason then this post is definitely for you.

So, without much ado, let’s dive in.

paypal alternatives 2023

Best PayPal Alternatives to Use in 2023

Here is our hand-picked list of the best PayPal alternatives that you can choose in 2023 to do online payments with ease.  

1. Payoneer


The very first PayPal alternative that we have is Payoneer which is almost similar to PayPal and has a strong presence with 4M customers in more than 200 countries and territories including India.

Payoneer was founded back in 2005 in New York City. Now they have 21 offices with 1500 employees that enables millions of businesses and professionals to connect with each other and grow globally.

Like PayPal, Payoneer also offers two types of accounts, Individual and Business. You can sign up for free, withdraw your funds to your local bank account, and you will be charged based on the services you use.

Moreover, Payoneer also facilitates you send payment requests and make payments from your Payoneer account.

But the best thing about using Payoneer over PayPal is that the transaction fees are comparatively lower and you will end up saving a lot of money.

2. Stripe


Stripe is the best PayPal alternative for online payment processing for internet businesses, used by millions of businesses of all sizes from startups to large enterprises.

It is a complete suite of payment products that power payments for e-commerce, subscriptions, SaaS platforms, marketplaces, and everything in between.

Stripe was launched in 2011 having dual-headquartered in San Francisco and Dublin, with 14 global offices in London, Paris, Singapore, Tokyo, and more.

It can be considered as the one stop solution for accepting payment for your online store as it supports 135+ currencies and accepts payment from the majority of debit/credit cards from 140+ countries. 

Moreover, you can also accept Bitcoins by using Stripe payment processor.

All you need to register on the Stripe and integrate with developer-friendly APIs or choose low-code or pre-built solutions.

Stripe accepts applications all over the world. Even if Stripe is not providing services in your country you can take advantage of their Atlas program that helps you to form a company in the USA that further helps you start accepting payments from customers in 100+ currencies.

The best thing about Stripe is that there are no setup, monthly, or hidden fees. So you will be paying only for what you use, pricing starting at 2% for cards issued in India and 3% for cards issued outside India.

3. TransferWise


TransferWise is a London-based company that offers a cheaper and faster way to transfer money abroad.

It could be another great alternative to PayPal because of its low transaction fees & currency conversion charges.

TransferWise was founded in January 2011 to build a new banking system without borders. 

10 million customers, 14 offices around the world, and $6 billion sent every month, all these stats make TransferWise a trusted name all over the world

To transfer money abroad, all you need to do is register for free, choose an amount to send, add the recipient’s bank details, verify your identity (in some cases), and pay for your transfer 

with a bank debit (ACH), wire transfer, or a debit or credit card.

But this is not all. TransferWise also allows you to open an international business account in minutes that lets you send, spend, and receive in over 50 currencies — for way cheaper than PayPal.

So, all the freelancers, entrepreneurs, sole traders, small to medium-sized businesses, or enterprise level businesses out there, TransferWise works like a charm for everyone.

4. Skrill


Skrill is an online wallet provider which offers a wide range of online payment and money transfer services.

Skrill has been helping millions of customers since 2001 and now expanded in more than 120 countries with the digital wallet offered in 40 different currencies.

Whether you want to transfer money to a bank account overseas or want to get paid wherever you are in the world, just skrill it.

Moreover, you can use Skrill to buy and sell cryptocurrencies.

Apart from online payments & money transfer, you can also take advantage of Knect, The Skrill loyalty programme.

Once you join this program, you will earn some points on nearly all transactions which you can exchange for cash rewards, bonuses and more. 

Opening an account on Skrill is completely free and there is no monthly fee for personal use as long as you make a transaction at least every 12 months.

Else you will be charged a fee of EUR 5.00 (or equivalent) every month from your account.

Paying a merchant directly from your Skrill wallet, receiving money to your Skrill account and sending money to an international bank account with Skrill Money Transfer is also free.

Having said that, you will have to pay a fee of 2.50% for depositing and withdrawing funds. 

5. 2Checkout


2Checkout is the leading all-in-one monetization platform that allows businesses to quickly expand internationally and maximizes your revenues by simplifying modern commerce. 

It was founded in 2006 now acquired by Verifone has 20,000+ active clients, 4 global

Offices, and 400+ employees.

2Checkout or 2CO is considered as a great alternative to Paypal because it has a lot of positive reviews all over the world.

You can get an idea about its popularity from the fact that over 20,000 companies (from Startups to Fortune 500 companies) in over 180 countries use 2Checkout.

Their Avangate Monetization Platform is enough to tackle the complexities of digital commerce, globally.

Furthermore, their products, 2Sell, 2Subscribe, 2Monetize, and addons are there that will help you to accept mobile and online payments from buyers worldwide, run a subscription-based business, and grow your business.

Signing up for 2Checkout is free and you will be paying (min 3.5% + $0.35

per successful sale) only when you start selling. 

6. Google Pay

google pay

Google Pay is another fantastic online payment system available for everyone to integrate it with their websites, e-commerce stores, apps and more.

Basically, it is a digital wallet platform developed by Google to power in-app and tap-to-pay purchases on mobile devices, tablets or watches. 

One can implement Google Pay with any kind of website or service with ease and also enjoy ready-made integration for services like Shopify, WooCommerce, Stripe, Square, etc.

You can use credit card, debit card, bank transfer, and UPI as payment methods on Google Pay.

Google Pay is a free mobile app and there is zero fee on using debit cards and bank transfers while for credit cards you will have to pay 2.9% of transaction fees.

Withdrawing funds to the linked bank account is free that generally takes 1-3 days. That being said, instant transfer will add the 1.5% fee. However, these charges and fees are specific to the US and do not apply to the users in India.

So, if you are looking for a long term PayPal alternative for your online store, Google pay could be the best choice.

7. Instamojo


Instamojo is one of the top rated payment gateway & eCommerce platforms that has everything your business needs from collecting payments to creating free online stores, shipping products, getting loans and much more.

It is a Bengaluru, India based company founded in 2012 and now empowers 1 Million Plus Indian businesses from 29 states And 7 union territories.

Instamojo is a PayPal similar company for Indian users as it facilitates you to quickly send and receive payment using @username or email address of other Instamojo users. 

Furthermore, if you want to set up an online store to sell digital products or services on your site then also Instamojo works really great. 

If we talk about the pricing of Instamojo then they have two plans. First plan is free which is perfect to start your online store and collect payments. If you opt for this plan you will be charged 5%+ 3 transaction fee.

The second plan is their premium plan which is a complete online solution for a small business. For this plan, you have to pay INR 799 per month plus a 2%+ 3 transaction fee.

We also started using Instamojo for selling ebooks on our blog and we must say it’s getting better day by day.

8. Remitly


Remitly is a Money Services Business registered with the US Department of Treasury trusted by  hundreds of thousands of NRIs.

They facilitate you sending or transferring money from the United States to 130+ banks (including SBI, HDFC, Citi Bank, Axis Bank, and many more) across India. 

Remitly is authorized to do business in all 50 states and also partner with the largest banks in India and the USA.

It was founded in 2011 having headquarters in Seattle, Washington, United States.

Remitly is completely free to join and the thing we liked the most about them is that they offer great exchange rates.

You can send up to $30,000 in a single transfer and there are two ways you can send money – Express (within 4 hours) and Economy (3 to 5 business days).

It does not matter which method you choose to send money, there is no fee when sending $1,000 or more ($3.99 when you send less). However, Credit card transfers have an additional 3% fee.

9. Coinbase Commerce

coinbase commerce

Coinbase Commerce is the world’s leading cryptocurrency company that lets you receive payments from anyone in the world and 8000+ merchants already accepting cryptocurrency via this open financial system.

So, if your business allows you to accept Cryptocurrencies like Bitcoin, Ethereum, Litecoin, USD coin then you should definitely use Coinbase Commerce. 

Furthermore, it facilitates you sell your crypto for cash or USD Coin.

Getting started with Coinbase Commerce is free and one can go live in minutes, not days. Their team will help you with hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations including WooCommerce and Shopify.

The best thing about using Coinbase Commerce is that there are no fees to accept crypto.

Withdrawing your funds to your local bank account takes up to 1-3 days.  

Though this service requires a little technical knowledge, anyone can learn easily.

So, if your clients are also comfortable paying in cryptocurrencies you must checkout Coinbase Commerce as a crypto PayPal alternative.

These are the popular apps like PayPal that you can use as an alternative to PayPal. Now, let’s have a quick look at the frequently asked questions about PayPal alternatives.  


What are the best PayPal alternatives?

Payoneer, Stripe, Transferwise, 2checkout, Instamojo, Google Pay, Skrill, Remitly, and 
Coinbase Commerce to name a few. 

Which is the best PayPal alternative for bloggers?

Payoneer could be the best option as a PayPal alternative for seasoned bloggers and freelancers as transaction fees at Payoneer are comparatively lower and this way you can save huge money in the long run.

Payoneer vs. PayPal: Which service is best?

Both PayPal and Payoneer are reliable and offer a great customer experience. PayPal is accepted worldwide by affiliate networks, ad agencies, and online services that make PayPal a default choice for everyone. 

On the other hand, if you have an alternative option to get paid using Payoneer, do the calculations, you will end up saving a lot of money.

Can we transfer Money from PayPal to Payoneer?

Yes, you can transfer money from PayPal account to Payoneer account. 

For doing so, go to “Link a new bank” in your PayPal account, enter your Payoneer “Routing & Account Number” and hit the “Agree & Link” button. 

Finally, enter the exact amounts sent by Paypal in the PayPal confirmation page to verify your details.  Once verified, you can transfer money from PayPal to Payoneer.

Is PayPal better than Google Pay?

Like PayPal, Google Pay is great for sending money to and from anywhere virtually. But unlike Paypal, there is no fee on debit transactions, whereas PayPal charges 2.9%. 

Moreover, Google Pay offers a variety of tools to manage your business and incorporate loyalty programs that makes a big difference for businesses to opt for the “Buy with Google” tab on their websites. 

Which is cheaper Stripe or PayPal?

Stripe and PayPal both charge 2.9% + $0.30 per online transaction. However,  PayPal is a trusted name and quite easy to use. On the other hand Stripe offers a vast range of features thanks to powerful developer tools.

Which is better Xoom or Remitly?

Undoubtedly, Remitly is better as they don’t charge any fees when you send $1,001 or more while Xoom charges $30.49 fee for debit card transfers. Moreover, Remitly offers better exchange rates as compared to the Xoom.

Final Thoughts

This is our well-researched list of top PayPal alternatives for 2023 and we hope you will get a suitable PayPal alternative for you from this list.

Well, all of the PayPal alternatives we listed above are reputed companies that offer reliable online payment services.

So, all the freelancers, bloggers, small business owners, and large scale businesses you can choose any of them based on your requirements without thinking twice. 

We have been using PayPal for our blogging business from the beginning. That being said, we also started using Instamojo and Google Pay on our blog recently.

Which payment platforms do you have experience with, do let us know in the comment section below.

And please don’t forget to share this post as this might be useful for others too.

About Author
Anil Agarwal is the Founder of Bloggerspassion. He is a full-time blogger and SEO expert who has been helping people build profitable blogs for over a decade Now. He has been featured in Over 100 Publications including Forbes, The HuffPost, HubSpot, Shopify, Semrush, Kinsta, Bluehost, Hostinger and G2.com etc. Know more about Anil Agarwal from here.

Reader Comments (3)

  1. Nice blog, it is very helpful to those who want to use Paypal types of other payment applications and generally I prefer to use Google Pay than Paypal.

  2. Hello ANil,

    PayPal is definitely one of the best and reliable payment processors to accept payment online. It is still dominating the digital Payment world and many affiliate programs are paying using PayPal. However, there are many users who are not able to use PayPal for somehow reasons. This post will definitely help them. Thanks for sharing it with us.

    Vishwajeet Kumar


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