What Is the Best Alternative To PayPal? Find The Best One For You


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There are probably more online businesses than traditional businesses these days, and the need for alternative payment methods grows yearly as more and more businesses shift online. The convenience and security of PayPal have made it a popular choice among online entrepreneurs. But what is the best alternative to PayPal?

We’ll be taking a look at five potential options that could provide you with more control over your payments: Stripe, Square, Apple Pay, Google Pay, and Venmo. Each option offers different features that may fit better into your business model or lifestyle – so let’s dive in and explore which one might work best for you!

Key Takeaways

  • Stripe is the best alternative to PayPal.
  • Stripe supports more than 195 countries.
  • Available for businesses in 47 countries.
  • Supports 43 different payment methods (for example, Alipay, Mastercard, Visa, American Express, etc.).
  • Handles more than 200 million business-critical API requests every day.
  • Named a Leader with the highest possible score in 16 criteria in The Forrester Wave™: Merchant Payment Providers, Q2 2022 report.



Stripe is a payment processing platform that enables businesses to accept payments online and in person. It offers features such as fraud protection, recurring billing, and international payments. It also integrates with popular eCommerce platforms like Shopify and WooCommerce. Stripe makes it easy for business owners to set up accounts and accept payments quickly. Stripe is also one of the biggest payment gateways available.

What are the pros of Stripe?

One of the main advantages of using Stripe is its ease of use. Setting up an account takes only minutes, and you can begin accepting payments almost immediately after signing up. Additionally, Stripe provides powerful tools that allow businesses to customize their checkout experience according to their needs—from setting custom shipping fees to offering discounts or coupons at checkout.

With its built-in fraud protection feature, businesses can rest assured knowing they are protected from fraudulent transactions using Stripe’s services. Stripe also supports multiple currencies worldwide, and businesses can easily expand into new markets without worrying about currency conversion rates or other issues associated with international transactions.

What are the cons of Stripe?

The biggest disadvantage associated with using Stripes is its cost structure; while there are no setup fees or monthly charges associated with creating a stripe account, there are transaction fees charged on each purchase made.

These transaction fees range from 2% – 3%, depending on which country you’re located in, making them more expensive than some other payment processors out there. If you plan on doing any kind of refunds or chargebacks, these will incur additional costs as well.

Although Stripe does offer customer support via email and phone calls, this service isn’t available 24/7, so if something goes wrong outside normal working hours, then you may have difficulty getting help right away.

Key Takeaways

  • Allows businesses to easily accept payments online and in mobile apps
  • Supports various payment methods, including credit and debit cards, ACH payments, and popular digital wallets such as Apple Pay and Google Pay
  • Offers robust fraud detection and prevention tools
  • Provides detailed reporting and analytics for businesses
  • Provides developer APIs, enabling businesses to integrate Stripe into their existing systems
  • Supports various programming languages, including JavaScript, Ruby, Python, and more
  • Offers seamless recurring billing and subscription management
  • Is PCI-DSS Level 1 compliant, meaning that it meets the highest industry standards for protecting sensitive payment information
  • Provides support for multiple currencies and handles currency conversions automatically
  • Provides Mobile-Friendly checkout



Square was founded in 2009 by Jack Dorsey, the co-founder of Twitter, and Jim McKelvey. The company provides merchants tools such as invoicing, digital receipts, loyalty programs, and integrations with popular eCommerce platforms like Shopify and WooCommerce. With Square’s Point of Sale app, businesses can also process transactions on their mobile devices or tablet computers.

The pros of using Square

One advantage of using Square is its ease of use for customers and merchants alike. Customers can pay quickly via credit card or Apple Pay without having to enter any information manually; merchants don’t need to install any hardware or software since all they need is an internet connection to get started.

Square offers competitive transaction fees compared to other payment processors, which makes it attractive for small business owners who are looking for cost savings solutions. Square offers customer support 24/7 (unlike Stripe), so you can always get help if and when needed.

The cons of using Square

The main disadvantage of Square is its lack of features compared to some competitors, such as PayPal, which offer more advanced features like inventory tracking and reporting capabilities. These may be useful for larger businesses that require a more robust solution.

There have also been reports about certain merchant accounts being suspended due to suspicious activity even though no fraudulent activities were taking place; this could be an issue if you’re running a legitimate business, but your account gets flagged due to false positives generated by the system’s algorithms used for detecting frauds.

Key Takeaways

  • Accepts various payment types, such as Apple Pay, Google Pay, and cash.
  • Mobile compatible, allows merchants to accept payments on the go or from remote locations
  • Built-in customer management, which can be used for things like marketing campaigns and loyalty programs
  • Provides merchants with tools to track inventory levels and manage product catalogs
  • Allows merchants to customize receipts according to their branding, including the business name, logo, and contact information
  • Provides merchants with a range of reports and analytics, such as sales reports, transaction reports, and customer data
  • Easy to set up and start using, requiring only a mobile device and the Square app, which can be downloaded for free from the App Store or Google Play
  • Meets industry standards for security and compliance, including PCI DSS (Payment Card Industry Data Security Standard) and EMV (Europay, Mastercard, Visa) compliance
  • It can be integrated with other software, such as point-of-sale systems, accounting software, and e-commerce platforms

Apple Pay


Apple Pay is a mobile payment system developed by Apple Inc., which allows users to make payments using their iPhone or Apple Watch devices. Apple Pay supports contactless payments at retail stores, in apps, and on the web using Safari browser on Macs or iOS devices.

The user can add their credit card information to the Wallet app and use it to pay for items with just a tap of their device. When paying in-store, customers simply hold their phone near an NFC reader at checkout and authenticate with either Face ID or Touch ID.

Pros of using Apple Pay

The pros of Apple Pay are that it provides added security compared to traditional credit cards since no actual card numbers are stored on your device or shared with merchants during transactions. Instead, each transaction is authorized with a one-time unique code generated by your device’s secure element chip (SE).

Also, all communication between you and the merchant happens over an encrypted connection, so there’s no risk of data being intercepted. If you lose your phone, you can easily suspend all payments through Find My iPhone.

Cons of using Apple Pay

The main cons of using Apple Pay is that not every store accepts this form of payment yet; however, more businesses are beginning to accept it as time goes on due to its convenience and security features.

Another potential downside could be fees associated with processing these types of transactions; however, most banks do not charge additional fees for processing these types of transactions, so this should not be much of a concern for most people.

Key Takeaways

  • Uses tokenization to protect payment information, replacing sensitive account numbers with unique security codes. This means that merchants never receive the actual credit or debit card number, which helps to prevent fraud.
  • Uses Near Field Communication (NFC) technology to enable contactless payments
  • Integrated into the Wallet app on iPhone and iPad, and the Apple Watch app on Apple Watch
  • Allows customers to store their credit, debit, and prepaid cards in the Wallet app
  • Uses Touch ID or Face ID to authenticate payments, adding an extra layer of security to transactions
  • Widely accepted by merchants, including many major retailers and online stores. A growing number of apps and websites also support Apple Pay
  • Designed to make payments fast, easy, and convenient, allowing customers to make purchases with just a tap or glance.
  • It can be integrated with other services such as online marketplaces and apps, transportation, or rewards and loyalty programs

Google Pay

Google Pay is a digital wallet platform developed by Google that enables users to make payments using their Android phones or tablets at retail stores, in apps, and on the web using Chrome browser on PCs or Android devices.

It allows users to store payment methods such as credit cards, debit cards, loyalty programs, and gift cards securely in one place. With Google Pay, you can quickly check out with just a few taps without having to enter your card details each time you shop online or in-store.

Pros of using Google Pay

Google Pay offers many advantages for both consumers and businesses alike. For consumers, it provides convenience since they no longer have to carry around multiple cards when shopping; all they need is their phone.

Customers can take advantage of special offers from participating merchants through the app, which could save them money over time. Google Pay is also secure since customers’ financial information is encrypted within the app, so there’s no risk of fraud or identity theft.

For businesses, Google Pay can increase customer satisfaction due to faster checkout times and improved security measures. Businesses can reach more potential customers since those who don’t have traditional banking accounts may still be able to use this type of digital wallet system instead.

Cons of using Google Pay

The main disadvantage associated with using this payment method is that not all retailers accept it yet. So if you want to pay with your phone, you may not always be able to find an outlet where you can do so depending on where exactly you live or shop.

However, this issue should become less prevalent over time as more places begin offering support for mobile wallets like those offered by Google. Some people might feel uncomfortable storing sensitive financial data on their devices even though encryption technology used by Google Pay ensures that users’ information remains safe and secure.

Key Takeaways

  • Uses tokenization to protect payment information, replacing sensitive account numbers with unique security codes
  • Uses (NFC) technology to enable contactless payments
  • Google Pay is integrated with the users’ Google account and Wallet app on Android
  • Allows customers to store their credit, debit, and prepaid cards in the Wallet app
  • It uses biometric authentication, such as fingerprint and facial recognition, to secure the app and authenticate payments
  • It is available for Android devices as well as on the web and iOS
  • Widely accepted by merchants, including many major retailers and online stores
  • Designed to make payments fast, easy, and convenient
  • It can be integrated with other services such as online marketplaces and apps, transportation, or rewards and loyalty programs. It can also be used to pay bills and subscriptions, transfer money to friends and family, and for online payments.



Venmo is a mobile payment service owned by PayPal that allows users to transfer money to friends and family instantly via its app or website. It also supports peer-to-peer payments for goods and services.

With Venmo, users can send money quickly with just their phone number or email address without having to enter any bank account information. Venmo also has an optional social media feature that allows users to share their transactions on the platform with friends and followers.

Pros of using Venmo

One major advantage of using Venmo is its convenience; you can send money in seconds without leaving your home or office. There are no fees for sending money between individuals (though there may be fees when transferring funds from one person’s bank account).

Another benefit is the ability to add notes along with payments, so recipients know what they’re receiving the funds for. Also, if you choose to use the social media feature, you can easily keep track of all your transactions in one place while connecting with other people on the platform

Cons of using Venmo

The biggest con of using Venmo is security; since it stores user data online rather than locally on a device as many other apps do. It makes them more vulnerable to hackers, and that’s not a good thing from a security standpoint. Because anyone can view public transactions made through this platform – including names and amounts sent/received – some people may not feel comfortable sharing such personal details publicly even though they are encrypted for added protection.

Key Takeaways

  • Venmo is primarily a peer-to-peer (P2P) payment app that allows users to send and receive money to/from other Venmo users
  • Available as a mobile app for both iOS and Android
  • It has a social aspect to it, allowing you to connect with friends, family, and other users, share emojis, etc.
  • Users can link their bank account or debit card to Venmo
  • Uses bank-grade security features to protect users’ payment information, including encryption and two-factor authentication
  • It can be used to pay for goods and services at select online merchants, with more and more merchants integrating Venmo as a payment option
  • It can be integrated with other software, such as point-of-sale systems, accounting software, and e-commerce platforms
  • Designed to be easy to use, allowing you to quickly and easily send and receive money from your contacts and friends

FAQs About The Best Alternative To PayPal?

What is PayPal’s biggest competitor?

PayPal’s biggest competitor is likely to be Stripe. Stripe offers a range of payment solutions for businesses, including the ability to accept credit and debit cards, Apple Pay, Google Pay, and other digital wallets. It also provides services such as fraud prevention and recurring billing.

What app is better than PayPal?

Apple Pay and Google Pay are some of the best applications and can be seen as better than PayPal. Apple Pay, for example, allows customers to pay using their iPhones or iPads without having to enter credit card information each time they make a purchase.

Is Google Pay better than PayPal?

No. PayPal is a better option than Google Pay. PayPal is used globally and is connected to 426M different accounts already. In 2021 PayPal passed the $1T (trillion) mark in annual total payment volume and was able to achieve the goal of matching 100% of energy use from our data center operations with renewable generation. More than 70% of the top retailers in the U.S. and Europe accept PayPal as a checkout method, making PayPal one of the biggest payment methods available globally.

Which payment platform is best?




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I’m a digital artist who is passionate about anime and manga art. My true artist journey pretty much started with CTRL+Z. When I experienced that and the limitless color choices and the number of tools I could use with art software, I was sold. Drawing digital anime art is the thing that makes me happy among eating cheeseburgers in between veggie meals.

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