Not just PayPal: 5 alternative payment solutions for online businesses

28 September 2016

Accepting online payments on your website shouldn’t be a headache! Nowadays, most e-business owners use third-party payment platforms that seamlessly integrate into checkout pages and allow visitors to make a purchase without leaving the site. With hundreds of payment gateway options available and new players continuously entering the market, you can surely find a suitable offer that will meet your business needs and delight your customers.

A reliable payment gateway is a powerful tool that helps accept credit and debit cards as well as other forms of electronic payment, such as Apple Pay or digital currencies. New modern payment platforms don’t require sellers to apply for a merchant account. To make the task easier, they process money transfers from your customers’ accounts or e-wallets, validate the transactions, and then forward the funds directly into your bank account.

Here are five popular one-stop-shop gateway offers aiming to eliminate all the complexities of accepting online payments, managing fraud risk and achieving your organization’s compliance with PCI DSS requirements:


Based in San Francisco, Stripe is the hottest new financial service provider allowing web-based sellers to accept payments over the Internet or in mobile apps. You can build in their payment processing system directly into your site to accept all major payment cards. Plus, Stripe also supports bank and direct debit payments, country-specific electronic wallets like AliPay, new payment methods like Android Pay and Apple Pay, and BTC payments.

Not just PayPal

Stripe doesn’t charge any setup or monthly fees. When you accept a payment via a credit/ debit card, you will need to pay 2.9% + 30 cents per transaction, and the commission doesn’t depend on the card brand. As for ACH and bitcoin payments, the fee is 0.8%, but all payments above $625 will cost you $5. The earned funds can be redirected to your account in a bank. is a reputable payment processing system enabling merchants based in the US, UK, Canada, Europe or Australia to accept payments via credit/debit cards, e-checks and other payment alternatives like Apple Pay, PayPal, or Visa Checkout. In addition, they also offer a mobile application to accept in-app payments and numerous helpful merchant tools for generating account statements and sales reports.

As for plastic card payments, charges 2.9% + 30 cents per transaction. Plus, you will also need to pay a $49 setup fee and a $25 monthly fee. If you have already opened a merchant account, pay attention to the Payment Gateway Only plan. In this case, you’ll need to pay a $35 monthly fee + 30 cents per each charge.


Founded in 2007, Braintree provides an innovative payment platform allowing users to accept payments in mobile apps or on websites. The company supports traditional card payments and new digital payment solutions – Apple Pay, Android Pay, Venmo, PayPal, and digital currencies. If your business is subscription-based, you can set up recurring billing.

As for payments made via credit/debit cards, Apple Pay, Android Pay and Venmo, Braintree charges a standard commission rate: 2.9% + 30 cents per transaction, but there are no fees on the first $50K. As for BTC transactions, you’ll need to pay 1% (there are no processing fees on the first $1M). PayPal rates can vary: 2.9% + 30 cents for US sales, 3.9% + fixed fee based on currency for international sales.


2Checkout is an established global payment processor allowing sellers all over the world to accept credit/debit cards or PayPal payments on their websites. 2Checkout supports businesses in 211 foreign markets and offers 87 currency options, plus they provide such useful tools and services as recurring billing, direct checkout, generation of sales reports, and integration with different types of shopping carts.

2Checkout charges no setup or monthly maintenance fees. The payment processing commission depends on your country – for example, US-based businesses need to pay 2.9% + 30 cents per transaction, while UK-based companies are charged less: 2.4% + 30 cents. If you accept payments from foreign customers, add a 2-5% currency exchange fee. You can forward your payout to your bank account or on a Payoneer MasterCard.


BlueSnap, formerly called Plimus, is a flexible payment processor offering different payment and money management tools optimized for web and mobile purchases. They support 100 major currencies and 110 payment types, including credit, debit, and pre-paid cards, money orders, PayPal, Visa Checkout, MasterPass, Skrill, Webmoney, and many others. It is known that buyers are more likely to make a purchase if they see their preferred payment method and prices in a local currency.

There are no initial or setup fees to join BlueSnap. The company charges an industry-standard fee for processing payments: 2.9% + 30 cents per each successful charge.  You can transfer your earnings to a bank account or on a pre-paid debit card.


Collecting online or in-app payments has become much easier with numerous payment processing solutions available in the market. However, don’t forget that all third-party tools suppose extra and sometimes extraordinary expenses, especially if you are a start-up with a limited budget. You need to make a smart choice based on your digital business model and industry requirements – the potential gain is worth some additional efforts.

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