With so many restrictions of using PayPal, now it’s evident that everyone will look for other similar options available in the market for our online fund transactions. Be it a blogger or an freelancer, till now they were well versed with PayPal, but from now you need to adapt with other available options. So, let’s get started and know on how you can enjoy the same services of PayPal in other similar clients minus the latest transaction guidelines by RBI which have been issued to PayPal and will be effective from March, 01, 2011. It’s most likely that RBI will too apply the new guidelines to other similar clients, but till these are not applied, we can make the most of it.
The 7 alternatives of PayPal payment gateway are:
OboPay is basically a service which lets you to send or receive money using your Mobile Phone via an SMS, WAP or also you can manage via a mobile application. Additionally, you can also connect your MasterCard, VISA Card or Bank account to OboPay account so that you can now control your money right from your Mobile Phone. What’s more is if you want to get money, then sender is not required to register for sending the money via OboPay.OboPay also has made tie up with Indian telecom operators like TATA Indicom, AIRCEL and Loop Mobile.
ProPay is for all merchants that processes credit cards for online merchants, but without the buyer needing to setup an account. All the buyer is required to have is a credit or a debit card. Since many of the merchants don’t wish to give their personal information, this one is perfect for them as only the information of credit or debit card is enough. In ProPay, there is an annual fee and also a fixed fee per transaction, but the annual fee is refunded if the seller transacts at least or higher than 3000$ over six months period.
Moneybookers too is just like a PayPal wherein it’s free to join and is available for transaction in many countries. Also, this one allows you to directly transfer the money and also can receive money via Cheques just like Paypal does. Also, additionally, this one connects a wide range of cards like MasterCard, Maestro, American Express etc. Also, with this cross currency transfer is allowed.
With Xoom online money transfer, you can send money with wired money transfer method and also you can pay Xoom by Bank account, PayPal account or by a Credit card. Transactions can be as high as 5$ which can be very reasonable if you are sending some few hundred dollars. But with this Xoom money transfer technique, you can transact a maximum of 3000$ per transaction. Also you can track your transacted money using the unique tracking number which you get after the transaction.
AlertPay money transfer service is too just like a PayPal, but this one ensures the speedy transactions by credit cards and also allows transactions from above 190 countries and also with this you can shop very securely and also permits flexible deposit and withdrawal options. Also, with the referral programs you stand a chance to get paid too. With mass pay option and multi currency support, this has a potential to replace PayPal.
2 Checkout is an online payment service which provides a secured reseller options for many products and services. This online transaction service promises a 30 day money back guarantee in case if you are not satisfied with the services provided and als this one employs fraud detection mechanisms, just in case if your money lands up with a wrong person then you can track and catch hold of it very easily. Security point of view this one is the best option if compared with PayPal. Just like PayPal you can register for free.
If you are a small business retailer then this one is just ideal for you as for those who can’t easily get a merchant credit card account or only have not so frequent sales CCNow provides the service very easily. Though there are not so many services portfolio, this one doesn’t allow you to sell downloadable software, services, subscriptions, memberships, information, etc . With one of the best risk and fraud management system, this one is one of the secured gateways. This one is easily compatible with leading cards like VISA, Master card, AMEX etc.