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By InDesign Media |
Nov 26, 2017 |
1517 Views
Nov 26, 2017
By InDesign Media
Are you looking for PayPal alternatives for freelancers to collect payments in WordPress? PayPal is one of the easiest platforms to collect payments on your website. However, it is not available in all countries and not all of your clients may want to use it. In this article, we will share some of the best PayPal alternatives for freelancers to collect payments in WordPress.
Why Look for PayPal Alternatives to Accept Online Payments?
We can make online transactions fast and hassle-free. Allowing WordPress site owners to make money online by selling products and services.
However, there are certain issues with PayPal which leads to many searching for PayPal alternatives.
For example, there are a number of developing countries where PayPal does not work. PayPal transaction charges are also on the higher side and can significantly build up over time.
Perhaps the biggest reason why people are searching for PayPal alternatives is its uncertain behavior. Many PayPal accounts are blocked or suspended for small issues, which causes major losses for a number of PayPal users.
Here are 7 payment services that you can use as PayPal alternatives on your WordPress site.
Stripe
Stripe has quickly become the most popular PayPal alternative and one of the most popular payment gateways. Unfortunately, it is only available in select few countries.
The best part about using Stripe is lower fees, ease of use, and seamless integration into popular WordPress eCommerce platforms like WooCommerce and Shopify.
If you don’t want to set up a complete online store, then you can create a simple form with WPForms to collect payments via Stripe from your clients.
Stripe fees vary depending on which country you are in. For the United States, they have a fixed 2.9% + 30¢ fees for any successful credit card charge.
Transferwise
Transferwise allows your clients to pay you directly in your local currency. Your clients will be charged for the payment, and it will be sent to your bank account as a local transfer.
It is available in many countries and currencies. Transferwise fees vary depending on the location of both sender and receiver. However, it is way lower than other payment services or a direct wire transfer. They also use the same exchange rate that you see on Google or XE, which also saves you additional money in currency exchange.
One downside is that Transferwise doesn’t send business payments to some countries. Make sure to check the country page before requesting your clients to send you money for pricing and business payment status.
Cryptocurrencies
Cryptocurrencies are all the rage these days. Bitcoin is one of the first and the most well-known cryptocurrency in the world. Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction.
If your client is familiar with Bitcoin, then they can easily transfer money to your Bitcoin wallet. You can then convert this amount into local currency through a Bitcoin exchange, use the amount online, or transfer it to any other payment service.
Coinbase, a bitcoin trading platform, allows businesses to accept bitcoin payments. Bitcoin is used by top companies like Expedia, Dell, Intuit, Wikimedia Foundation, and more.
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