Ranting about the latest Paypal issues of payment reversed and listing out the best of the best paypal alternatives for money transfer.
Okay, perhaps paypal is was the best form of money transfer online. It’s easy and fast. It was used to be quite reliable as well. Lately, paypal have come up with an inept approach towards it’s paypal users and this time they have targeted Indian users.
They have reversed all the payments that were done by using personal option, note that when we use personal option in paypal, fee cut is avoided. That’s how everyone used to transfer money without fee but now the button has been disappeared.. clever paypal! I guess reversing payment is their new feature 😀
Although, not much has been disclosed by paypal on why are they causing the payment reversed which is an absolute disaster, but let’s update that news later and check out the paypal alternatives as I am sure many souls have been willing to move from paypal to other websites like paypal for keeping their money safe.
One big question arises when we search for a better paypal alternative is, are they reliable? If you’ve trusted paypal then you can trust their alternatives as well. Of course, they are not as popular as paypal but serves the purpose of transferring money and have better money management system. Answer to the question – Almost trustworthy.
So, which are the best payment processing and online money transfer system next to paypal?
Here is the list of my best paypal alternatives, if you think I might have missed any of the service then let me know.
- MoneyBookers – Less fee rate, online since 2004 and the best paypal alternative. More popular among freelancers.
- AlertPay – A private payment processing system, does the job. But, a little high fee for adding funds. Online since 2004.
- Paypay – Sounds like paypal? This is an different service that allows wire transfer to certain countries. Online since 2003.
For transferring money to an individual try out escrow services which is one to one authorized payment service, usually used while making an acquisition of an online property or business. If you’re using paypal for buying from ebay or shopping online stuffs then use Google’s own Google Checkout service which is free and works with almost every country in the world.