10 Alternatives to PayPal for International payments, accounts & business [2024]
PayPal offers some great services for personal and business customers, including easy ways to send an international payment, card services, and more. However, whenever you’re looking for a payment provider it pays to check out a range of options to get the best service for your needs. Other providers may have a broader range of payment delivery options, cheaper fees or better exchange rates – so depending on what’s important to you, you may find a PayPal alternative that works better for you out there.
This guide walks through 10 apps like PayPal, focusing on different customer needs, so you can pick the best PayPal alternative for your specific transaction type.
Table of contents:
- Quick summary of alternatives to PayPal
- Best alternatives for international payments
- Best alternatives for personal use
- Best alternatives for business
Quick summary: PayPal alternatives
- Remitly: personal payments to people without easy access to a bank or ATM, offers cash collection in minutes
- Wise: foreign currency account supporting 40+ currencies, mid-market rates and low conversion fees from 0.43% – suitable for personal use and business
- Xe: compare the costs and the exchange rates available from XE for your specific payment – you might find it’s a cheaper alternative to PayPal
- OFX: customer service you can use 24/7 by phone, to send unlimited global payments for yourself or your business
- WorldRemit: send money to someone for cash collection, to a mobile money account or for airtime
- Revolut: flexible account which has options to hold and balance, send payments, spend with a card, invest and more
- Google Pay: mobile payments, receive payments locally or to spend online
- Skrill: supports 40 currencies – consider Skrill if PayPal doesn’t support the currency you need to send
- Payoneer: paid with local bank details in different currencies – either from customers, PSPs or marketplaces
- Stripe: get paid online or offline, especially accepting card payments
For personal use: PayPal alternatives could include Wise, OFX or Revolut, depending on the transaction type you need. All offer accounts with no ongoing charges – and you may be able to hold currencies, spend with a linked payment card and make transfers with low fees, depending on the provider you prefer
For businesses: PayPal alternatives could include Wise Business, OFX or Stripe. Wise and OFX let you receive payments with local bank details, while Stripe is great for taking card payments on and offline, with little or no technical know how needed
For freelancers: PayPal alternatives could include Skrill or Wise – Wise lets freelancers hold 40+ currencies, send payments and get paid with local bank information for 10 currencies, with low fees and mid-market rates
For international payments: PayPal alternatives could include Remitly or WorldRemit for cash collection transfers, or Revolut or Wise for bank deposit transfers. All offer ways to see the available fees and rates before you sign up, with no ongoing account charges once you do
Is there a better PayPal alternative?
There are quite a lot of services like PayPal available for US customers. While PayPal offers a vast array of services, alternative providers may have slightly narrower niches, which allow them to focus on delivering world class service in their specific area. This also means that the PayPal alternative which suits you best might depend on the type of transaction you need to make.
Here are a few reasons customers look for a better PayPal alternative:
- To access alternative payment delivery options such as sending money to bank accounts, mobile money accounts or for cash collection
- To get better exchange rates when converting from one currency to another
- To hold a broader range of currencies in a digital account with a debit card
- To avoid international transaction fees which can ramp up in particular when using a card
- To cut the costs of receiving money in foreign currencies on behalf of your business
- To send international business payments to suppliers and contractors quickly and with low fees, for deposit to their business bank accounts
Best alternatives to PayPal for international payments
Looking for a site like PayPal for sending money abroad? Here we’ll look at 6 international money transfer providers that compare to PayPal. In our comparison, we’ve taken into account their speed, transparency, ease of use and price when transferring money abroad.
| Great for | Coverage | Fees | Exchange rates | Transfer speed | |
|---|---|---|---|---|---|
| PayPal | Instant transfers to other PayPal accounts | Send globally, hold 25 currencies, spend with card where Mastercard is accepted | 5% (0.99 USD – 4.99 USD) + domestic transaction fee | 4% currency conversion fee added to the exchange rate used | Instant deposit to PayPal account in many cases |
| Remitly | Sending for cash collection at an agent | Send to 100+ currencies, 170+ countries | Variable fees based on destination and payment type | Rates include a variable markup | Depends on transfer type – cash collection payments can be available in minutes |
| Wise | Fast or instant deposit to bank accounts | Send money to 160+ countries, hold 40+ currencies in Wise account, spend in 150+ countries with Wise card | From 0.43% | Mid-market exchange rate with no markup | 50% arrive instantly, 90% in 24 hours |
| XE | Global transfers and helpful exchange rate data | Send to 130 countries | Variable fees | Rates include a variable markup | 1 – 5 days depending on payment details |
| OFX | Unlimited payments, with phone support 24/7 | Send to 170+ countries | No transfer fee | Rates include a variable markup | 1 – 5 days depending on currency |
| WorldRemit | Selection of payout options including cash and airtime | Send to 170+ countries | No transfer fee | Rates include a variable markup | 1 – 5 days depending on currency |
| Revolut | Options to trade up for accounts with more features | Send to 150+ countries, hold 25+ currencies, spend globally with card | Up to 10 USD for payments under 200 USD, 5% after that | Options depend on account plan | Varied based on payment and funding details |
To summarize:
- Remitly: Great PayPal alternative if you need to get money to someone without a bank or PayPal account, for cash collection in minutes
- Wise: Great alternative to PayPal for mid-market exchange rates, fast or instant transfers, and options to hold and spend 40+ currencies
- XE: PayPal alternative if you’re sending to a bank account, with variable fees and rates depending on the specific transfer
- OFX: Good alternative to PayPal if you want to talk through your payment by phone with a broker – available 24/7
- WorldRemit: Strong option for cash collection payments and as airtime top up, with super fast delivery times available
- Revolut: Good PayPal alternative if you want to pick your account type based on your transaction needs, with options to trade up for more features
Let’s take a deeper look at each alternative, and see how they can be a better alternative for PayPal.
Remitly – send instant payments for cash collection
Great for: Strong range of payout options including cash, good global coverage and fast service
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| Remitly | Send to 100+ currencies, 170+ countries | Variable fees based on destination and payment type | Rates include a variable markup | Depends on transfer type – cash collection payments can be available in minutes |
Remitly has a range of payment delivery options which makes it a flexible choice. If you need a payment to arrive as quickly as possible you can choose to have your recipient pick up the money in local currency at an agent near to them. You can also have the payment deposited in a bank or mobile money account – or delivered to your recipient’s home in some locations.
Remitly has variable fees which depend on the details of the transfer you’re sending, including how you pay, how your recipient will get the money, and where you’re sending to. Many payments arrive super fast, and because you don’t need either a bank or a PayPal account to receive your money, this can be a great option for personal payments to friends and family, in 170+ countries globally.
Here are a few of the features that might make Remitly a good PayPal alternative for your transfer:
- Good global range including 170+ destination countries
- Payment delivery options include cash collection or delivery, bank or mobile money account deposits
- Cash payments can be available very quickly
- Strong security and fraud prevention measures to keep your money safe
Remitly pricing: Variable fees based on the details of the transfer you’re making, you’ll be able to see and compare your options online without needing to register an account
Remitly or PayPal?: Consider Remitly as a PayPal alternative for personal payments to people without easy access to a bank or ATM
Learn more: Remitly review
Wise – mid-market rates and low fees for personal and business
Great for: Flexible and low cost account, payment and card services for individuals, freelancers and businesses, with mid-market exchange rates
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| Wise | Send to 160+ countries, hold 40+ currencies, spend in 150+ countries with card | From 0.43% | Mid-market exchange rate with no markup | 50% arrive instantly, 90% in 24 hours |
Wise offers services across all our categories – international payments, personal accounts and business services. Wise payments are deposited directly into your recipient’s bank account for convenience, often instantly.
You’ll only pay a low, transparent fee from 0.43%, and you’ll get currency exchange which uses the mid-market exchange rate. You can also open a multi currency account with Wise to hold and manage dozens of currencies in the same place, which comes with local bank details for 10 currencies you can use to get paid by others like a local.
Wise Business customers get all the perks personal customers can access, with additional business features like batch payments, expense cards for the team and an API to automate workflow.
Here are a few of the features that might make Wise a good PayPal alternative for you:
- Send payments to 160+ countries with the mid-market exchange rate and no hidden fees
- Model your payment instantly online to see the fees – no markup is used on the exchange rate
- Open a Wise account to hold 40+ currencies, receive international payments and spend using a linked debit card
- Personal and business services available
- Customer support in a range of languages, with high grade security for payments and accounts
Wise pricing: No fee to open a personal account, no ongoing charges, no exchange rate markups, currency conversion from 0.43%. Some free ATM withdrawals monthly, with low fees after that
Wise or PayPal?: Consider Wise as a PayPal alternative if you need a flexible account for 40+ currencies with mid-market rates and low conversion fees from 0.43% – suitable for individual and business customers
Learn more: Wise review
XE – exchange rate data and bank deposits to 130+ countries
Great for: Sending money online to bank accounts in 130+ countries with low, variable fees and rate markups
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| XE money transfer | Send to 130 countries | Variable fees | Rates include a variable markup | 1 – 5 days depending on payment details |
XE is a giant of currency exchange. From the foreign exchange data and opinion available over on XE.com to the USD115 billion moved annually – it’s a big name. As you’d expect you can send money almost anywhere in the world with XE money transfer, and your money is covered by enterprise grade security to keep it safe.
XE fees vary depending on the details of the transfer – delivery times can also change depending on how you pay for your transfer and where it’s going.
Here are some of the features you’ll want to know about if you’re considering XE as your PayPal alternative:
- Send payments to over 130 countries and territories from the US
- Make your transfers online and in the XE app – you can also get the latest currency news while you’re there
- Payments are delivered into your recipient’s bank account directly
- Secure and trusted global provider
Xe pricing: Variable pricing and exchange rates apply, which you can see online or in app once you’ve registered an XE account
XE or PayPal?: Compare the costs and the exchange rates available from XE for your specific payment – you might find it’s a cheaper alternative to PayPal
Learn more: Xe money transfer review
OFX – high amount transfers with phone support 24/7
Great for: Personal and business customers making high value payments where talking the options through on the phone is reassuring
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| OFX | Send to 170+ countries | No transfer fee | Rates include a variable markup | 1 – 5 days depending on currency |
OFX if you want to make a payment to be deposited in your recipient’s bank account – and you’ll fund it by bank transfer – OFX is another option. Create an account and then model your payment to get a quote covering fees and exchange rates. You can then pay by bank transfer or ACH and track your transfer as it makes its way to your recipient’s account.
OFX offers personal and business services, which also include currency risk management services. As a business, OFX is known for offering an exceptional customer service experience, including a 24/7 phone line you can use if you ever need reassurance or advice. Business customers can also open a Global Currency account to receive payments from clients, PSPs and marketplaces in 7 currencies.
Here’s what you need to know about OFX as a PayPal alternative:
- Send in 50+ currencies, to 170 countries
- Arrange your payments online or using the OFX app for convenience – you can even lock down the rate for future payments
- Get customer support 24/7 from a trusted and regulated provider
- Business customers can open an account to receive and hold payments in 7 currencies
OFX pricing: No transfer fees, no ongoing account fees – OFX uses a small exchange rate markup for currency exchange when processing payments
OFX or PayPal?: Consider OFX as a PayPal alternative if you want a service you can use 24/7 by phone, to send unlimited global payments for yourself or your business
Learn more: OFX review
WorldRemit – broad range of payout options including airtime top-ups
Great for: Convenient ways to set up payments online and in app, with an exceptional selection of ways to have your money received at the other end
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| WorldRemit | Send to 170+ countries | No transfer fee | Rates include a variable markup | 1 – 5 days depending on currency |
WorldRemit offers transfers to 170+ countries. Depending on where you’re sending money to, you could be able to use WorldRemit to send cash for collection, payments to bank or mobile money accounts, or even to buy airtime top up for your recipient. Arrange your payments using the WorldRemit app for the most convenient experience.
WorldRemit has variable fees which can depend on the details of the transfer including how you pay and how you want the money to be received. Many transfers for cash collection or to mobile money accounts and for airtime top up are more or less instant, bank transfers usually arrive in a day.
Here are some features which may make WorldRemit the right PayPal alternative for you:
- Broad range of payment delivery methods, including cash for local collection through the network of WorldRemit agents
- Set up payments online or using the app for on the go transfers
- Send to over 130 countries all from your WorldRemit account
- Secure and fast payment option
WorldRemit pricing: Variable fees and exchange rates which you can view online before you set up an account
WorldRemit or PayPal?: WorldRemit is a potential PayPal alternative if you want to send money to someone for cash collection, to a mobile money account or for airtime
Learn more: WorldRemit review
Revolut – different account options for various needs
Great for: Pick an account which offers best value for your transaction type and value, including some with no monthly fees, and others with more features and ongoing charges
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| Revolut | Send to 150+ countries, hold 25+ currencies, spend globally with card | Up to 10 USD for payments under 200 USD, 5% after that | Options depend on account plan | Varied based on payment and funding details |
Revolut accounts can be used to hold, convert and send multiple currencies, and all come with linked debit cards for payments and withdrawals. You can also access easy ways to manage your money and hit financial goals, and accounts with monthly fees which have features that may better suit more frequent users.
Revolut account features vary a lot depending on the tier you select, but you’ll get some no fee ATM withdrawals, and some currency conversion during weekdays which uses the mid-market exchange rate. You may find out of hours or fair usage charges apply depending on your account tier and the specific transactions you make.
Here’s what you need to know to decide if Revolut is the PayPal alternative for you:
- Exchange, send and receive 25 currencies, and get withdrawals from a network of surcharge free ATMs
- All accounts have a card, and some currency conversion which uses the mid-market rate with no extra cost
- Choose a basic account with no monthly fee, or trade up for an option with more features and perks, and ongoing charges
- Higher tier accounts have perks like airport lounge passes and travel insurance
Revolut pricing: Some accounts have monthly fees, generally accounts have a limit of no-fee transactions, with fair usage charges after that, but this does vary depending on which account type you select
Revolut or PayPal?: Consider Revolut over PayPal if you want a flexible account which has options to hold and balance, send payments, spend with a card, invest and more
Learn more: Revolut review
PayPal alternatives for personal accounts
If you want to use PayPal as a way to hold and spend money, you might find that a different site like PayPal can offer a cheaper or more flexible option. Here we’ve picked out 3 PayPal alternatives which have strong features for personal use so you can see if any suit your specific needs.
| Great for | Coverage | Fees & exchange rates | Account feature | Debit card | |
|---|---|---|---|---|---|
| PayPal | Holding 25+ currencies, spending with a debit or credit card | Spend where Mastercard is accepted | Currency exchange has a 3% or 4% fee Cards have variable fees depending on the one you pick | Hold 25 currencies. Shop online conveniently, send payments
| Debit card linked to PayPal is available, customers can also apply for credit cards |
| Google Pay | Mobile payments in person and online | Tap to pay globally, send payments to US and India | Variable depending on the cards you link to your account | Hold a Google Pay balance in USD for sending and spending | Not available |
| Wise | Some free ATM withdrawals, no fees to spend a currency you hold | Hold a balance in 40+ currencies, spend in 150+ countries | Small delivery fee, currency conversion uses the mid-market rate with fees from 0.43% | Hold 40+ currencies, send payments to 160+ countries | Available for spending and withdrawals in 150+ countries |
| Skrill | Send payments to 40 currencies and shop online securely with ease | Send to 40 currencies, shop globally | Variable fees based on the specific service you need | Shop online and send payments with a large variety of ways to fund transfers | Not available in the US |
Google Pay: Strong PayPal alternative if you want to make mobile payments and send money to others in the US
Wise: Good alternative to PayPal for holding 40+ currencies and spending in 150+ countries with Wise card, with some free ATM withdrawals and no fee to spend in a currency you hold enough balance in
Skrill: Skrill accounts let you send payments in a good selection of currencies and shop securely online – fees vary depending on how you pay and transact
PayPal alternatives for business
PayPal offers extensive merchant services which are ideal for people who manage ecommerce sites and also popular with people running a broad range of other businesses. However, PayPal isn’t always the right option – here are a few PayPal alternatives for business you might want to compare.
| Great for | Coverage | Fees | Exchange rates | Transfer speed | |
|---|---|---|---|---|---|
| PayPal | Making it easy for customers to pay online and using mobile apps | Global payment options | Domestic payments cost around 3.49%, additional 1.5% fee for international | 3% – 4% conversion fee applies | Payment could be received instantly |
| Wise business | Receiving money from overseas with local bank details | Receive payments like a local in up to 10 currencies, other options to receive 40+ currencies | Receive from a selection of countries free, 4.14 USD fee to receive a US wire | Mid-market exchange rate | Payments can arrive quickly or instantly |
| OFX | Receiving 7 currencies from PSPs and clients | Receive and hold 7 currencies | No fee to open account or receive payments | Exchange rates include a small markup | Incoming transfer times depend on the sending bank |
| Payoneer | Getting local bank details for 10 currencies to get paid seamlessly by others | Receive and hold 10 currencies | No fee to open account; no fee to receive USD payments as a US account holder | Exchange rates include a small markup | Incoming transfer times depend on the sending bank |
| Stripe | Accept 50+ payment methods to suit all your customers | Get paid from around the world to Stripe | 2.9% fee to receive US card payment, 1.5% additional charge for overseas cards | 1% markup used when converting currencies | Payments can be received instantly |
Wise business: Great PayPal alternative to receive payments with local bank details in 10 currencies, make batch payments, hold 40+ currencies and exchange with the mid-market rate
OFX: Strong alternative to PayPal for receiving payments in 7 currencies, with currency risk management and access to a broker 24/7
Payoneer: Good option with solutions based on different business type and size, and ways to get paid conveniently in 10 currencies
Stripe: Go-to PayPal alternative for accepting card payments and 50+ local payment methods, with broad acceptance for online and in person payments
Google Pay – making mobile payments
Great for: Linking one or more cards to tap and pay in person, spend online, and send money to others in the US and India
| Provider | Coverage | Fees & exchange rates | Account feature | Debit card |
|---|---|---|---|---|
| Google Pay | Tap to pay globally, send payments to US and India | Variable depending on the cards you link to your account | Hold a Google Pay balance in USD for sending and spending | Not available |
Google Pay might be a good alternative if you use PayPal to shop online and on mobile sites a lot, or if you want to be able to make in person mobile transactions by simply tapping your phone or other device on the payment terminal when you check out. Google Pay requires you to link one or more credit or debit cards, although you can also receive payments from others and spend any balance you hold.
Google Pay doesn’t charge for most services but if your linked payment card has a fee, this will still apply when you transact.
Not sure about Google Pay as a PayPal alternative? Here are some features to consider:
- Link one or more credit or debit cards, and toggle between them to make on the move payments
- Send money to others locally and in India, instantly
- No Google Pay fees for using the service – underlying card costs may still apply
- Super convenient option for online and mobile transactions, all shipping information is recorded so you don’t need to enter it multiple times
Google Pay pricing: No specific Google Pay fees for most services, but underlying card fees still apply
Google Pay or PayPal?: Google Pay could be a PayPal alternative if you use the service to receive payments locally or to spend online
Payoneer – different ways to receive payments in 10 currencies
Great for: getting paid with local bank details in 10 currencies
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| Payoneer | Receive and hold 10 currencies | No fee to open account; no fee to receive USD payments as a US account holder | Exchange rates include a small markup | Incoming transfer times depend on the sending bank |
Payoneer offers business services for a broad selection of company types and needs, including ways to get paid by customers and PSPs in foreign currencies. You can get local bank details for 10 currencies which make it easier to allow customers to pay in their home currency when trading internationally. There are very few Payoneer fees, although exchange rates may include a markup.
Here are a few things to consider about Payoneer as a PayPal alternative:
- Local bank details available which makes it easier to get paid in foreign currencies
- Very few fees to receive payments online
- Easy to use site and app, for convenience transactions
- Secure service which is popular with customers
Payoneer pricing: Pricing depends on the specific services you need – get paid with no fee using local bank details, but currency exchange might include a markup
Payoneer or PayPal?: Payoneer can be worth comparing if you’ll want to get paid with local bank details – either from customers, PSPs or marketplaces. Learn more: Payoneer vs PayPal vs Wise
Skrill – transfers to 40 currencies, various payment options
Great for: Online shopping and international payments, funded by bank transfer, card and more
| Provider | Coverage | Fees & exchange rates | Account feature | Debit card |
|---|---|---|---|---|
| Skrill | Send to 40 currencies, shop globally | Variable fees based on the specific service you need | Shop online and send payments with a large variety of ways to fund transfers | Not available in the US |
Skrill is a digital wallet which lets you send money in 40 currencies from the US, and shop online securely and conveniently, including for online gaming sites. You can earn rewards and unlock perks by joining the Skrill VIP club.
Skrill also has business services which can include ways to get paid and integrations if you need to take payments online and don’t want to build out your own checkout solution.
Here are a few things you’ll want to know about Skrill:
- Personal customers can send payments, shop online and sues their account for online gaming
- Send money to 40 currencies conveniently online and in app
- Earn rewards and privileges the more you use your account
- Business services available
Skrill pricing: Variable pricing based on the specific service you need
Skrill or PayPal?: Consider Skrill if PayPal doesn’t support the currency you need to send – 40 currencies are available
Stripe – get paid online and offline with different local payment methods
Great for: Online businesses, hybrid businesses, and people taking business payments in person
| Provider | Coverage | Fees | Exchange rates | Transfer speed |
|---|---|---|---|---|
| Stripe | Get paid from around the world to Stripe | 2.9% fee to receive US card payment, 1.5% additional charge for overseas cards | 1% markup used when converting currencies | Payments can be received instantly |
Stripe is one of the largest payment providers globally, processing huge volumes of transactions securely, on and offline. There are lots of different services available, revolving around ways to make it easier for businesses to take customer payments. Core products include ways to receive card payments – but you can also get POS terminals and phone payment solutions to manage an offline or hybrid business. Low and no code solutions are available for newer businesses looking for easy ways to take payments quickly.
Here are a few details about Stripe as a PayPal alternative:
- Get paid on and off line, with 50+ local payment options available in different countries
- Low and no code solutions for businesses without IT support
- Variable fees which depend on the payment type
- Extremely large and trusted company which processes large volumes of payments every second
Stripe pricing: 2.9% fee to receive US card payment, 1.5% additional charge for overseas cards
Stripe or PayPal?: Stripe is a good PayPal alternative if you need to get paid on or off line, especially accepting card payments
Conclusion: What to use instead of PayPal?
PayPal is a justifiably popular global payments platform with a great range of products and services spanning personal use as well as merchant and business options. PayPal is particularly handy for shopping online and sending domestic payments to other PayPal users – but it’s not always the right choice, particularly when managing your money internationally, as PayPal currency conversion and international fees tend to be on the higher side.
With so many different PayPal features, it’s no surprise that we’ve been able to pick out a good number of apps similar to PayPal for you to look at based on your specific transaction needs. Some companies like PayPal are best suited to international transfers, some to personal use, and some to business payments – while some options span all three uses with flexible products and services for everyone.
- For a super flexible option which has local and domestic payments, multi-currency accounts and cards, all for personal and business customers alike, try Wise.
- If you’re looking for ways to send an international payment for cash collection, Remitly or WorldRemit might be a good fit for you – while options like OFX and XE offer quick transfers to bank accounts with extras like 24/7 phone support.
- For personal mobile payments you may want to check out Google Pay – or take a look at Skrill for flexible ways to pay online.
- Business customers may find suitable PayPal alternatives like Payoneer or Stripe, depending on the type of company and the transactions you need to make.
All in all, with so many services like PayPal out there, you’ll be sure to find the one which best suits your specific needs – use this guide to start your research and find your perfect match.
FAQs Alternatives to PayPal
What app is better than PayPal?
There’s no single app which is better than PayPal – what works for you will depend on the transaction types. In our comparison we picked out 10 different PayPal alternatives for personal or business use, and for international money transfers. One good all rounder is Wise – with personal and business accounts, cards and payments, which use the mid-market rate and low fees from 0.43%.
These comprehensive reviews on PayPal might be helpful:
- PayPal review
- PayPal business review
- PayPal international transfers
- Is PayPal safe to use?
- How to pay someone with PayPal?
Is there a free alternative to PayPal?
Many PayPal alternatives are available with no ongoing fees – but in a lot of cases you’ll find that transaction charges apply which can vary depending on the type of payments you need to make, send or receive.
Some PayPal alternatives to consider for personal use include Wise and Revolut, which both have accounts with no ongoing charges, flexible card services and multi-currency functionality. Some other options include OFX for international payments with no transfer fee, or Wise Business for ways to receive a selection of currencies with local bank details, often with no charge.
If you’re looking to get more information, these guides on PayPal might be helpful:
Is there a cheaper alternative to PayPal?
PayPal’s international transfer fees can be fairly high, and may include several different costs. You’ll pay the domestic transfer fee based on your preferred funding method (up to 2.9% for cards), plus the international fee of 5%, capped at 4.99 USD. If you need currency conversion as part of the transfer that costs 4% which is the conversion fee added to the exchange rate.
Alternative options which may have cheaper and more transparent fees include Wise, which uses the mid-market rate with no markup, and splits out the costs separately. Fees vary by currency but start at 0.43%, and all payments are deposited to bank accounts directly. Or, if you’re thinking of sending money for cash collection, Remitly or WorldRemit may be strong options for a PayPal alternative. Both have variable fees and exchange rates, so comparing them for your specific transfer could mean you save.
