PayPal Alternatives for High-Risk Merchants

High Risk Merchant Account

According to the data by the company in electronic payment services industry, global travelers are choosing alternative payment methods for travel more than ever. If you see the statics then you find that PayPal is ahead of American express all around the world. PayPal offers both pros and cons to the customers. If we talk about pros then you see that PayPal give them access to users to integrate with other third-party platforms without any difficulty. On the other hand, if we talk about cons then PayPal can create problems for users by holding their payment or putting it under review without any clear explanation, which creates difficulty for customers, and if you see PayPal does not offer several countries money withdrawal services at all. Even PayPal is on their great success but it is necessary to understand that services that not have any limitations and grievances, as no doubt PayPal is the good option for e-commerce option for startup online businesses but ever thing always have two faces, if there are some advantages then along with them there are some disadvantages also . When PayPal is gaining so much of popularity one side then on the other side it also comes to some major backlash due to some companies policies. The unexpected fund holds, transaction fees, and poor customer support are some reason for the major backlash for which many e-commerce companies start protesting against PayPal.

Choosing Alternative Accounts for Merchant Services

Sometimes these unfavorable factors related to PayPal make merchants choose other options for online transactions. Following are some alternatives to PayPal:

• Amazon payments

As this payment is only available for US residents. It is very easy to access you can just add payment methods to your amazon.com account, and then no need to reenter payment and shipping address with each purchase. It works for businesses and developers.

• Google Wallet

Google wallet is not available in the US. It allows your credit/debit cards, gifts, and loyalty cards in the digital wallet without any difficulty. An email address is enough to send money from one account to another account. It is 24/7 fraud protected and purchase protection is also there but has less acceptance.

• Payment Process

 There is so many other payment processors are also available which are affordable and reliable alternative high-risk merchant account to any businesses of any type and size.

• Payoneer

 Payoneer provides its services in 200 countries and also offer transactions in 100 or more currencies. But the rent of credit card is high in Payoneer. This payment method is very famous for professionals.

 

• Skrill

 This method allows the user to pay through the email ID means the person is able to send money through the mail ID that belongs to the user. If you want to withdraw your money then you can use credit/ debit card and bank account. Skirll is available in 200 countries and process transaction in 40 currencies. You can instantly withdraw your fund by using this method. Level of security by this method is really very good and the transaction fee is really very less.

 

• Stripe

 Stripe is very easy and convenient method because in this method you can use MasterCard and visa Card both. This method provides services in more than 100 currencies and supports only 19 countries.

Stripe pricing

• 2.9% +$0.30 per transaction
•  Nonprofit and volume discounts are available
• The marketplace may differ from other
•  All other features included at no extra charges

 

• Payza

 This is the e-commerce services which allow users to transfer their money and pay for any service via the internet. The previous name of this method is AlertPay. somehow similar to Google Wallet. It also considered as real bank account because by that you can receive funds and also able to withdraw any amount of money you want. That is why this is also the good option for merchants.

 

• Authorize

 Authorize.net allows the merchant to and any other type of business to receive online payments. To start it you just need to set up an account and then follow further steps that make your customer pay on your website.

Authorize.net pricing

•  $49 setup fee
• $25 monthly fee
• 2.9% + $0.30 per transaction included with payment gateway and merchant account
• $0.10 per-transaction fee included with gateway only
• $0.10 daily batch fee with gateway only

 

 

Final Thoughts: which is the best alternative?

 

There are so many reasons to avoid PayPal, it really doesn’t matter that what is your reason to avoid PayPal but you know that there are so many other options to choose which are also affordable and reliable alternatives but the matter is what you need to do your business. Now it is on you to do some research and compare each method to choose best one from the all because all methods are offering different rates and you just need to do a systematic research that which one is best and suitable for you and your business.

Merchant accounts are the accounts that allow credit and debit card transactions.

To find out more about High-Risk Merchants, Give us a call at +44 800 776 5988 or get in touch with us through our website. Even if you’re not a customer of ours, we want to help you understand the process so you can make the best decisions for your business. We believe transparency and proactive education is the best policy.