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Date Created: 12/22/15
Five Reliable Alternatives to PayPal If there’s one name that has cemented its status as the world’s top payment gateway service provider, then that would be PayPal. PayPal offered convenience, flexibility and reliability for its users around the globe, and basically it allowed them to make online payments and receive money anytime, anywhere. But PayPal does have its downsides, from really stringent payment rules and sanctions, higher transaction fees and slow processing of disputes. While these are part of the brand’s security measures, a lot of people still find them inconvenient, especially for their business. However, there are other payment gateway services that ecommerce merchants, online shoppers and internet-based businesses could depend on, and these include: Skrill. Originally known as Moneybookers is one of the least expensive payment gateway systems available for use today. It has no setup fees, monthly fees, and minimal transaction charges. What makes Skrill a trusted payment gateway is that users can send and receive money from anywhere in the world. Skrill accounts can be verified similar to that of PayPal, by means of linking a debit or credit card. Google Checkout. Google Checkout is among the newest payment gateways today, and was developed as part of Google’s integration system. Google Checkout is ideal for businesses that deal mainly with Google AdSense, as they may receive their earnings directly through the service rather than waiting for a long time to get their pay. Checkout also proves to be safer, users can check their transaction updates alongside their mails and other open Google accounts. Liberty Reserve. Liberty Reserve is probably the most lenient payment system that can be used online today. It operates in two currencies, USD and Euro. Liberty Reserve can be used as an electronic wallet where account holders can deposit and withdraw funds, and at the same they can pay online transactions with establishments that accept the said form of payment. Unlike other payment gateways, the Liberty Reserve doesn’t require a credit or debit card to be validated-this means you may assign any bank account in which the funds would go through. AlertPay. Canada’s match for PayPal, AlertPay is also an online payment system established back in 2005, and it has been a favorite among online businesses in Asia and Europe. AlertPay has relatively the same transaction rates as that of PayPal, and it likewise accepts credit and debit cards for accounts to be verified. EntroPay. Probably PayPal’s fastest-rising competitor, EntroPay offers a secure online payment gateway service to merchants, ecommerce aficionados, and persons who are more inclined to make purchases online. EntroPay accepts credit and debit cards for verification and allows faster processing and conversion of payments. One issue of this payment service is that it charges higher transaction fees than PayPal, but because it has a fresh user base, it is practically much safer to use and has better protection against potential fraud. It is important to note that these PayPal alternatives are also targeted by scammers and have their own downsides. Hence, it is important that you learn to properly take care of your accounts in these payment systems, so as you get to better enjoy their benefits and utilize their functions effectively. Chen Chee Kui is an internet marketer and he has been using PayPal for the past few years until one day they decide to terminate his account without prior reason. It could happen to you too, so start using several alternative payment methods for backup purpose.
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