Best PayPal Alternatives for Dropshipping payments 2024: Top 8 pick

PayPal is a very popular payment gateway that has many users worldwide, but its not the perfect fit for everyone. With Paypal, you can experience a few hiccups regarding payments, regulations, and service fees, depending on which country you reside. Still, many other payment tools out there offer effective and efficient services that will help you bring in payments for your dropshipping or eCommerce business.

In this article, we will look at some of the best PayPal alternatives for dropshipping or eCommerce in general. You can now accept online payments with ease no matter where you are or how you operate your business.

Read on to know which is the best PayPal alternative for dropshipping business!

Here are the Best PayPal Alternatives for Dropshipping

The payment gateways listed below may be a suitable replacement for PayPal when receiving payments in your online business. But, let's take a closer look at these PayPal alternatives:

1. Stripe

Stripe

Stripe offers more flexibility than PayPal, which is a good thing if you're receiving a large number of daily payments. It is intuitive and easy to use and work with. Integrated with the Stripe API, it's easy to accept payments from customers outside of a store. With its flexible options and lower fees than PayPal, Stripe is the best option for accepting payments through your dropshipping business.

Stripe offers an interface in which customers can make payments with their credit cards. They don't need to be redirected to a third-party site. It's easy to integrate Stripe with Shopify stores because there are guides to help you. Stripe lets you accept payments from all over the world. It automatically deposits your money into your bank account, as well as makes mobile payments available to you. It is a reputable company, and they are very likely to run smoothly.

PayPal and Stripe are two popular options when dealing with eCommerce. Many different factors will come into play when making a decision, but in general, you can go with either one of them depending on the checkout design and payment types you're comfortable with.

Stripe offers a free WooCommerce plugin and a paid one for Easy Digital Downloads.

In what ways is Stripe better than PayPal?

  • Stripe is eliminating a lot of unnecessary steps in the process by removing the need for merchant accounts. You never need to set up a gateway account or worry about keeping it up-to-date.
  • If you plan on accepting payments smaller than $10, Stripe's fees are going to be a lot less than PayPal Payments Pro charging up to 5% + $0.05
  • Stripe can be customized by developers. This enables the business to remain competitive amongst its peers.
  • Stripe's interface is significantly better than PayPal Standard.
  • Stripe does not require monthly payments, but PayPal offers a fee of $30/month.

2. Shopify Payments

Shopify Payments

Shopify payment is a PayPal alternative that allows your ecommerce business to accept credit and debit cards without having to work with a third party. The Shopify Payments API makes it easy for you as a Shopify merchant to manage all your transactions from a single Shopify dashboard. This will be convenient if you're managing a store on a daily basis and want to know when the money's coming in. You can see your payout schedule through the dashboard so you know what to expect.

The highlight of this payment gateway is that it doesn't require you to integrate any third-party apps or tools to receive payments. Your customers can now easily purchase your products on Shopify using credit cards or debit cards. You can also use Shopify Payments for Facebook shops, Amazon, and more. There are some terms that we need to think about when we talk about payments. Firstly, if you're using Shopify Payments, the payment is made to your bank account 3 days after a sale is processed and 7 days if the merchant is based in Canada.

Shopify plans cost a different amount based on their different plans. Their Basic plan starts at $29 per month. There are also additional fees that would be billed, such as credit card processing fees.

In what ways are Shopify Payments better than PayPal?

  • It doesn't require you to integrate with multiple third-party apps. You can receive payments with your Shopify store hassle-free.
  • It doesn't include a hefty transaction fee
  • It supports multiple international currencies
  • Its features are specifically optimized for eCommerce platforms

3. Payoneer

Payoneer

Payoneer is a reliable PayPal alternative for international transactions and can be considered flexible as well. They accept payments from many countries and provide a hassle-free service. Payoneer doesn't require an API. It is easy to understand, and its user interface is very clean and straightforward. But, Payoneer is often best for those who sell on international marketplaces like Amazon or eBay.

With global access to the marketplace, Payoneer money withdrawals are easy. A customizable dropshipping store or platform like Shopify might be difficult to integrate, but it can be done. The solution requires linking your Shopify account to your Payoneer card, but once that's done, it can save you a lot of time. Payoneer is an alternative to PayPal that is well accepted globally and is lower in price. It also allows you to easily integrate other payment gateways onto your account so transactions can be processed smoothly.

So right now, all payments made to you via Payoneer are completely free of charge! Once you pay for your first overseas transaction, or if you receive a credit card payment, then 3% will be deducted from the cost of your full purchase. On all eCheque transactions, there is a 1% fee, and most international bank cards come with that fee as well.

In what ways is Payoneer better than PayPal?

  • It is made especially for eCommerce marketplaces.
  • It makes international transfers to local currency easy and hassle-free. You can add local currency to your account as well.
  • It allows for quick and easy international transfers across more than 200 countries.

4. Authorize.net

Authorize.net

Authorize.net is a PayPal alternative that you can consider for your business. It's not such well-known or popular, but it's an option offered by the VISA. Authorize.net operates in 33 countries and allows customers to make payments in just a few clicks. It does not have restrictions by country, though and works as Stripe does. If you have a website that's using WooCommerce, then you'll be able to benefit the most with Authorize.net. Compared to PayPal, which is sometimes not available at certain times in some countries, this is a good option considering its availability. The one upside is that their transaction fee can be lower than PayPal's.

However, Authorize.net is a plug to connect your store with other payment gateways like Apple Pay, PayPal, and VISA checkout. For those with a dropshipping storefront or wanting to offer different payment options for their business, Authorize.net makes selling products easy. You can even sell your personal items with ease! They have a variety of payment solutions for stores, including mobile payments, virtual points on sale and phone payments.

Authorize.net charges a standard transaction fee of 2.9% with each successful transaction on your website, with the actual pricing starting at $25/month.

In what ways is Authorize.net better than PayPal?

  • PayPal's Advanced Fraud Detection service is not as reliable as Authorize.net's.
  • The support team at Authorize.net is one of the best, providing helpful assistance and answers to the questions many of you might have.
  • You can sync Authorize.net with your QuickBooks account easily.
  • Your checkout process is completed on your website.
  • You can still take payment using PayPal on Authorize.net, along with major credit cards.

5. Square

Square

Square originally started out as a way to quickly pay via mobile phones. Although PayPal is more widely accepted and appropriate for some business purposes, you can use Square for invoices or your website payments. Square is a point of sale payment platform that lets you accept all kinds of payments such as cash, cards, cheques and more. Receipts can now be accessed from your phone, on your computer, or even if you have a printer. When you sign up for the reader, you'll get a complimentary one of your choice so you can get started.

With Square, you can even swipe cards without an internet connection. It also provides invoicing, recurring payments, real-time inventory management and payroll tools. Additionally, Square allows you to take payments online with a simple, integrated checkout workflow.

In what ways is Square better than PayPal?

  • Square has an impressive and free Point of Sale (POS) software.
  • Square revolutionized the way we do business by combining all of its tools in one place. Their mobile reader has more features and is more streamlined than PayPal's, while you can sync up beautifully with your online store, invoices, and POS.
  • Square's recurring payment option is free compared to PayPal's monthly fee.

6. Skrill

Skrill

For international payments, PayPal is often slow or prone to issues when you want a quick online payment. With Skrill prepaid debit card, you can make international payments quickly with ease. You can then use the card at ATMs and stores and make your purchasing even easier. Skrill is pretty similar to PayPal in terms of online gateway configuration and fees. There are a few distinctive features that make Skrill a worthy PayPal alternative.

This app is extremely easy to use, allowing you to accomplish a variety of tasks. The only thing you need is your email/password for signing in and for sending and receiving money or using your card details, etc. Skrill lets you move your funds quickly and easily, with your bank account linked via API and a prepaid debit card. With support for Bitcoin, Ether, and Litecoin, they have created the perfect payment solution to help you take advantage of these new types of cryptocurrencies.

One of the most important aspects of any payment provider is the fees that's attached. Skrill has a very low fee of 1.45 percent plus $0.50 for both outgoing and incoming transfers. Withdrawing money to a bank account is also free!

In what ways is Skrill better than PayPal?

  • Skrill allows you to send and receive money securely, transfer funds around the world hassle-free. The site has an easy-to-use interface and a wide range of payment methods. So it's perfect for anyone who runs into problems with other international payment methods.
  • Skrill has no transactor fees for international transactions.

7. 2Checkout

2Checkout

2Checkout is a PayPal alternative and supports various world currencies. It still offers more options which are good for people who want a global business. The service supports quite a few payment types and even covers 87 currencies, making it easier for companies to accept payments. You can choose which payment types to include and will likely be able to accommodate customers wherever they are located. Additionally, they also accept 45 payment methods.

2CheckOut's fees are the same as PayPal's, but they give you lower fees for international transfers overall. Aside from using Payoneer to withdraw your funds and ACH transfers, you can also receive your money via wire transfer. Integrating with Shopify is not the only bonus of using 2Checkouts. You can also integrate with over 120 additional carts, including Wix and Ecwid, among others. This gives you an enormous amount of flexibility and makes it easy to manage your business at scale. Additionally, there are more than 300 fraud checks per transaction to make sure all your payment operations are safe and secure.

2CheckOut offers three pricing plans based on your needs. Transactions charges begin at 2.9% + 30 cents for each transaction.

In what ways is 2Checkout better than PayPal?

  • The full payment gateway service of 2Checkout is much cheaper than PayPal Payments Pro. It doesn't offer a monthly fee.
  • It is important for many online payment gateways to support a wide variety of currencies, payment methods, and languages. 2Checkout does exactly this. They have over 87 currencies available. They also support 8 different payment methods in over 200 markets and in 15 different languages.
  • It provides you with 3 customizable checkout page templates for a truly personalized experience.

8. WePay

WePay

WePay is more of a payment gateway that provides APIs for platforms to integrate. It does not have its own consumer platform. WePay is software specific to e-commerce and Saas platform. It is perfect for suppliers who need to accept payments but bear in mind that Wepay has limited options for payment methods. WePay's payment gateway API is easy to integrate, making checkout a breeze for your users.

WePay has been modified and simplified, making it easy to implement in your store. Adding this payment method might be the better option for you, especially if the country limitations it comes with, doesn't affect your store's functioning.

Like many other alternatives on this list, WePay also charges a transaction fee of 2.9 percent for all card transactions as well as an additional $0.30

In what ways is WePay better than PayPal?

  • It has a very flexible API
  • It supports several payment methods

Top FAQs on PayPal Alternatives For Dropshipping

Who is eligible to utilize an online payment gateway?

There is no specific eligibility required for an online payment gateway, individuals and online merchants can both use an online payment gateway. Payment gateways allow individuals and businesses to send and receive money online.

What are the best payment gateways available worldwide?

The availability of payment processors are: PayPal and 2Checkout are available in 200+ countries, whereas Skrill in 120, Stripe in 44, Authorize in 33, Square in 8 and WePay in only US.

What are the cheaper alternatives to PayPal?

There are some alternatives to PayPal such as Stripe, Payoneer, and Transferwise. These options are cheaper than PayPal but they still offer the same features that PayPal does. Some of these alternative options are not as popular and can be hard to find. The key is to look for the best option that meets your needs.

How do I register for online payment services?

You should add your credit card to register for an online payment service. Businesses can open an online account by providing basic company information such as the firm name, contact information, location, and primary currency. To find how to register for an online payment gateway, read the online documentation.

Is Stripe better than PayPal?

Both of the payment processors have similarities, but each platform is better suited for a different type of business needs. PayPal has been around in the market for a while and specializes in providing payment services for small or new businesses. On the other hand, Stripe is more suitable for larger businesses as it incorporates more options and provides a better service.

Conclusion: PayPal Alternatives for Dropshipping

PayPal has its merits, but it can also be a bit complicated. There are great alternatives to consider that may suit your needs better. Some providers might offer better payment plans or provide additional features for specific use cases. It may depend upon your business types and needs whether you opt for PayPal or one of its alternatives. Some of the alternatives you may like from the list may not be available in every country. We hope our article might have helped you find the best PayPal alternative for your dropshipping business.

Which PayPal alternative did you find the most promising? Let us know in the comments below!

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