I have been a PayPal user ever since I began my career as a freelancer and have no real complaints against it.
PayPal is a terrific service for freelancers and a safe way to receive payments. However, not all countries have PayPal and even those that have PayPal, have restricted it in one way or another.
For example, in India freelancers can get payments from overseas clients on PayPal, but not from those who are within India. It is restrictions such as these that have made so many freelancers across the world look for alternatives.
So let’s look at the top 6 PayPal alternatives for freelancers in 2016.
Payoneer is by far the best PayPal alternative in 2916. It has been around for a while now and has been a strong competitor to PayPal. Even freelancers from India, Pakistan, Bangladesh and other countries can benefit from Payoneer as there are no restrictions on the service. Payoneer has low transaction fees, slightly lower than PayPal’s, and you will receive a bonus of $25 for signing up.
Skrill is one of the best alternatives to both PayPal and Payoneer, as it offers excellent currency conversion rates. It is a service that I have used often to receive payments from clients based in the UK, with great results. Skrill offers a prepaid master card that you can use for shopping, and have free apps for iPhone and Android as well.
Transferwise is a new payment service created by the same people who gave us Skype and it has the backing of famous entrepreneur Richard Branson. What I like about Transferwise is that they offer low transaction fees and their currency conversion charges are among the best.
2CheckOut is another effective PayPal alternative where you are guaranteed to get paid in time. It is easy to use and has a great support. On the downside, 2CheckOut has high transaction and currency exchange fees. It supports almost all major currencies from the US Dollar to the Brazilian Real, and from the Mexican Peso to New Zealand Dollars. It is perfectly safe too, and has excellent security procedures in place.
Payza is a popular alternative to PayPal and there are many who actually consider it to be better than PayPal. It certainly has very low transaction fees and currency exchange rates on Payza are very reasonable as well. Payza offers a prepaid MasterCard which you can use as a debit card, to make payments or to withdraw money from an ATM. Payza supports Bitcoins as well. Critically, it supports countries such as Nigeria and Pakistan, where many online payment services don’t work. So it is the online payment service of choice for freelancers from these countries.
Remitly is a new online payment service that is targeted at freelancers from India and the Philippines. These are the two countries that have the most number of freelancers so it is a good idea to have an online payment service that takes their concerns into consideration. Remitly does not charge for money transfers that are over $1000. They offer a credit card and debit card to withdraw your money and charge a flat rate of $3.99 per transaction. You can make payments safely on Remitly too, but it takes 3 days for the transaction to be completed. That is the only drawback of this promising new PayPal alternative.
So these are the top 6 PayPal Alternatives for Freelancers in 2016.
You really cannot go wrong with any of them. Also, signing up for them does not mean that you should get rid of your PayPal account. PayPal will always be important for freelancers and there is no getting away from it. But at least, you have an alternative in situations where PayPal cannot be used, for whatever reason.