PayPal Alternatives
PayPal, which is owned by eBay, is very popular but if you are a small-business owner there are a few things you should know. PayPal is not a bank and is not regulated by federal bank regulations. PayPal will not defend you nor really “investigate” complaints but rather sends you boilerplate responses and 99.9% of complaints filed are denied. PayPal’s main income is making interest from the balances in PayPal accounts. If your business deliver services as opposed to tangible goods, they do not defend you at all. Google the phrase “PayPal alternatives” or “PayPal problems” and you will find thousands of horror stories.
So what are the alternatives if you do not want or cannot afford a merchant account? This list contains various alternatives to PayPal.
Google Checkout - When you use Google Checkout to process your sales, you’ll only be charged a low 2% + $0.20 per transaction. With Google Checkout, there are no monthly, setup, or gateway service fees. If you advertise with Google AdWords, you will also be eligible for free transaction processing for some or all of your Google Checkout sales each month. For every $1 you spend on AdWords each month, you can process $10 in sales the following month for free through Google Checkout.
2Checkout - In 2007 Inc. Magazine named this as one of the fastest-growing companies in the U.S.
AlertPay - Offers personal and business accounts. Works and feels like PayPal.
E-junkie - Shopping cart for selling downloads and tangible goods. Great pricing - upload 10 products (50 MB) for $5 a month, up to 999 products (999 MB) for $125 a month.
ProPay - Registered agent of Wells Fargo Bank and MetaBank. Offers fixed rates on all transactions. Processes credit card transactions via internet and phone.
NETELLER (U.K. based) - Want to move your money? Maybe kick a payment over to your favourite site or send some to a friend? Or do you want to load up a prepaid card for your next trip? You can do this and a lot more. Instant deposits, withdrawals, transfers to merchants and other NETELLER members.
WorldPay - Accept payments via internet, phone, fax and mail. Major credit cards are accepted and they have also included debit cards and local payment schemes like Maestro, Laser and Electron.
ClickBank - If you have a digital product or service to sell, consider the benefits of becoming a ClickBank publisher.
Escrow - Both parties agree to terms, which includes a description of the merchandise, sale price, number of days for the Buyer’s inspection, and shipping information.
Is there a good PayPal alternative not listed here? Let me know!
Comments
Got something to say?
You must be logged in to post a comment.
