Do you need a PayPal alternative for freelancers to collect payments in WordPress?
PayPal’s ease of use makes it an ideal payment platform for collecting payments on your site. However, you should keep in mind that PayPal is only available in some countries and not all of your clients may want to use PayPal.
We’ll start this article by talking about some of the best PayPal alternatives for freelancers to collect payments in WordPress.
Why Do You Need PayPal Alternatives To Accept Payments?
PayPal has made online transactions fast and easy for website owners to create revenue from their websites by selling products and services.
Despite its many benefits, there are drawbacks to PayPal which lead some people to search for alternative payment options.
As a result, some entrepreneurs have found a solution. There are plenty of other methods by which to promote and monetize your freelancing business. One tool that is popular with freelance workers is the ability to sell their services through PayPal’s website.
Not to mention, PayPal transaction charges can build up significantly over time.
Its uncertain behavior is the biggest reason why people are searching for PayPal alternatives.
Paypal has been blocking and suspending many accounts for seemingly small issues like fraudulent payments. Many of these users are now facing major losses, which have caused a lot of frustration.
Now let’s take a look at the best payment services that you can use as PayPal alternatives on your WordPress site.
1. Bitcoin
Cryptocurrencies have been gaining a lot of attention recently. Bitcoin is one of the most well-known and first cryptocurrencies.
Plus, we aim to keep your funds safe. This is only possible by using a platform that does not take a cut of the transaction. There’s no need for an intermediary like a bank or money transfer operator, so you get the best of both worlds.
If your customer knows Bitcoin, they will know how to transfer money from others to your account.
Then you can convert this amount of Bitcoins into local currency through a Bitcoin exchange, use the amount online, or transfer it to any other site.
People can now upload bitcoin into the Coinbase system, which in turn allows those companies to take payments from customers. The platform is already being used by some of the world’s biggest companies, such as Expedia, Dell, Intuit, Wikipedia, and more.
2. Payoneer
With Payoneer, you can make your money transfers around the world. It’s available in dozens of countries across the globe.
As of this writing, there are currently no integrations available to connect Payoneer directly to your eCommerce or membership website. We recommend that you request clients who want to pay via Payoneer set up a payment gateway account.
Payoneer’s great benefits include the ability to withdraw from your local bank account or use the Payoneer debit card in order to withdraw money from ATMs anywhere in the world.
One downside to their service is that their fees are higher than PayPal or the Stripe payment service, but lower than some other options.
If you want to accept credit card payments directly from clients, Payoneer charges 3% of the transaction amount. If you want to withdraw any local bank transfer in the same currency as your acceptance fees, then you will be charged a 2% processing fee.
3. Stripe
If you’re looking for a payment gateway that can compete with PayPal, Stripe could be a good match for your business. Unfortunately, it’s only available in the selected regions.
If you’re looking to start an online business, Stripe is the way to go. It offers lower fees, seamless integration with popular eCommerce platforms like WooCommerce and Shopify, and easy payment processing that sets it apart from its competitors
If you’re not entirely sure about setting up an online retail store, you can start with WPForms and use Stripe to collect payments on your site.
Install the WP Simple Pay plugin onto your WordPress site and you’ll have a really simple solution.
4. Google Wallet
Google Wallet is another great option to replace PayPal for your online business. It’s currently only available in the US and UK, with limited international support, but it works well and has a lot of potentials.
The powerful in-person platform doesn’t have a built-in integration for any WordPress eCommerce platform. Unlike some of Google’s other tools and services, Send Money allows users to send and receive money with no fees.
Google’s new payment feature makes it easy for freelancers to request client payments through Google Wallet.
5. Skrill
Skrill is a lesser-known PayPal competitor that’s popular among users of many different services. It’s mainly targeted toward freelancers, but it provides a smooth experience to anyone with a smooth exchange rate.
If you can convince your clients to join Skrill, you’ll receive payment on a free platform. However, you’ll have to pay a one-time fee per transaction when you withdraw your money back to your bank account. This amount varies by country, so check the fees page of the Skrill website for more information.
When using this platform, it’s important to remember that you won’t be able to receive or withdraw large sums of money unless you verify your identity. To conduct business legally with this alternative form of currency, you will have to upload a document proving your personal identification card, passport, or bank statement.
