Is Bitcoin a good alternative to PayPal?

Transferwise is a PayPal alternative that you can send and receive money globally where fees are lower than the traditional methods. The system is easy to use, transparent and there are no hidden charges. It is not possible to place payment buttons to your website and also Transferwise doesn’t have debit card in some countries.

click here to exchange, bitcoin to paypal

Bitcoin

Bitcoin is changing the way how payments work on a global scale. Bitcoin is a form of electronic money which is not regulated by central banks. Using Blockchain technology, Bitcoin is not only a Paypal alternative, but it is an alternative to all kinds of payment systems that has ever been created, including paper money.

Facebook Libra

Libra is Facebook’s digital currency project that is planned to be released in 2020. Libra will be a stable coin. Unlike other coins, this will let people buy and sell goods and services globally without price volatility. Libra project is managed by the former head of Paypal. Libra is a Paypal alternative, but unlike PayPal, no bank account is needed for users. Libra will be working closely with established banking authorities. Libra is criticized by not being decentralized by the digital currency community. Privacy concerns will be the hottest topic for the Libra project in the coming months.

Ripple

Ripple also uses Blockchain technology to establish a global payment system. Ripple is making protocols with banks and more banks will use Ripple’s blockchain product and it’s digital currency XRP. Just like Facebook’s Libra, Ripple is criticized by not being decentralized. Ripple is considered to be the new banking system.

Payooner

With Payoneer, you can make an online money transfer and you can also request a digital payment from your global clients. Sending and receiving funds into your bank account is very easy within the system however users can not embed Payoneer payment buttons to their websites. Payoneer is a trusted and global PayPal alternative.

Google Pay

Google Pay is a digital payment system that lets Google users buy and sell goods and services across all devices including phones, tablets, and watches. The idea behind the project is “payment should be simple”. By just holding your phone over the payment terminal, you can pay for anything in seconds and you don’t even need to open the app for this. However, Google Pay is only available in 30 countries right now and it is a geographically limited Paypal alternative.

Stripe

Stripe makes it easy to make and receive online payments and it is a strong Paypal alternative. Stripe removes financial complexity and makes payments easy for its users. Many online business owners prefer Stripe in the western part of the world. Just like Paypal, Stripe will be the “old technology” with the rise of blockchain technology. Stripe is available for business in 34 countries.

Patreon

Patreon is not a payment system. It is a crowdfunding membership platform where creators can build their own Patreon page and collect money from Patrons. It is an ongoing donation platform where one-time payments are not allowed. Patreon is a Paypal alternative for some creators since it helps to receive money.