Are you looking for PayPal alternatives for freelancers to collect payments in WordPress? PayPal is one of the easiest platforms to collect payments on your website. However, it is not available in all countries and not all of your clients may want to use it. In this article, we will share some of the best PayPal alternatives for freelancers to collect payments in WordPress.
Why Look for PayPal Alternatives to Accept Online Payments
PayPal has made online transactions fast and hassle free. Allowing WordPress site owners to make money online by selling products and services.
However, there are certain issues with PayPal which leads to many searching for PayPal alternatives.
For example, there are a number of developing countries where PayPal does not work. PayPal transaction charges are also on the higher side and can significantly build up over time.
Perhaps the biggest reason why people are searching for PayPal alternatives is its uncertain behavior. Many PayPal accounts have been blocked or suspended for small issues, which has caused major losses for a number of PayPal users.
That being said, here are 7 payment services that you can use as PayPal alternatives on your WordPress site.
Stripe has quickly become the most popular PayPal alternative and one of the most popular payment gateways. Unfortunately, it is only available in select few countries.
Stripe fees vary depending on which country you are in. For the United States, they have a fixed 2.9% + 30¢ fees for any successful credit card charge.
Transferwise allows your clients to pay you directly in your local currency. Your clients will be charged for the payment, and it will be sent to your bank account as a local transfer.
It is available in many countries and currencies. Transferwise fees vary depending on the location of both sender and receiver. However, we have found it to be often way lower than other payment services or a direct wire transfer. They also use the same exchange rate that you see on Google or XE, which also saves you additional money in currency exchange.
One downside is that Transferwise doesn’t allow business payments to be sent in some countries. Make sure to check the country page before requesting your clients to send you money for pricing and business payment status.
Cryptocurrencies are all the rage these days. Bitcoin is one of the first and the most well-known cryptocurrency in the world. Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction.
If your client is familiar with Bitcoin, then they can easily transfer money to your Bitcoin wallet. You can then convert this amount into local currency through a Bitcoin exchange, use the amount online, or transfer it to any other payment service.
Coinbase, a bitcoin trading platform, allows businesses to accept bitcoin payments. It is already being used by top companies like Expedia, Dell, Intuit, Wikimedia Foundation, and more.
Payoneer is a reliable name in the online payments industry. It is available in many countries around the world. There are currently no integrations available to connect it directly to your eCommerce or membership website. However, you can request clients to send payments via Payoneer.
Payoneer also makes it quite convenient to withdraw payments into your local bank account or use Payoneer branded debit card to withdraw payments from ATMs anywhere in the world. The downside is that their fees are higher compared to Stripe or PayPal, but lower than some other payment service providers.
For accepting credit card payments directly from clients, you will be charged 3% of the transaction amount. Additionally you will be charged $1.50 for local bank transfer in the same currency. If you are withdrawing amount in another currency account, then you will pay an additional 2% of the transaction amount.
Payza is a another popular PayPal alternative payment service. It is available in many countries and have integration addons available for some popular WordPress eCommerce plugins. Due to its availability in many countries, it is quickly becoming popular among freelancers.
Payza allows you to withdraw funds using wire transfer, bank transfer, Bitcoin, and through their Payza branded Mastercard.
Sending money through Payza is free, but withdrawing money is not so cheap. Depending on which withdrawal method you choose, you may end up paying quite a lot of your freelance earnings to Payza. For the United States, you will pay 2.90 % + $0.30 USD per transaction. Credit card payments will start at 5.49 % + $ 0.65 receiving fee.
2Checkout is a one of the most known payment gateways and a good PayPal alternative. All popular eCommerce plugins for WordPress have addons to integrate 2Checkout as your payment gateway. You can also add it to your online store and start selling products to countries where Stripe or PayPal are not supported.
2Checkout offers different payment withdraw methods, and you can even integrate your Payoneer debit card to withdraw payments. Other notable features include recurring payments, hosted checkout experience, multiple currencies and languages support.
2Checkout charges differ depending on which country you are located in. For the United States, you will be charged 2.9% of the transaction amount + 30¢ on each transaction.
Google Wallet is another excellent option to replace PayPal for your payments. It is currently only available in the United States and the United Kingdom, and you cannot send payments from the US to UK. It doesn’t have an out of box integration available for any WordPress ecommerce platform.
Like many other Google tools and services, it does not charge any fees for sending or receiving money. This makes it a great option for freelancers who want to request client payments through Google Wallet.
We hope this article helped you find the best PayPal alternatives to collect payments in WordPress. You may also want to see our ultimate step by step WordPress security guide for beginners.