The Competition Taking Over Paypal & Alternative Payment Wallets

Spider Doc

Jul 14, 2021. 5 min read

PayPal though may be a behemoth when it comes to the world of virtual transactions and e-wallets, over the course of time, certain persistent competition has also risen that are steadily aiming for the title that PayPal today holds. To understand what PayPal is and how the other online payment gateways like ePayments, OKPAY, Skrill, Paxum, Payza and Payoneer competition to PayPal is one must first understand what these services are.

Here we have taken a detailed look at what services are posing a threat to Paypal and how they compare to the online payment giant!

PayPal - paypal.com

PayPal has been an undefeated force till now when it comes to the world of virtual wallets and financial transactions. It has been in business for more than a decade even long before than its competition or rather the rest of the world knew or grew into the concept of e-payments and e-wallets and whatnot.

PayPal soon cropped up to be a diverse platform onlinefor depositing and withdrawing funds from other PayPal users to linking regular Bank Accounts to even the use of PayPal specific Debit Cards in ATMs and all throughout the world. Boasting a user base of nearly a hundreds of millions, PayPal has throughout the passage of time evolved from a pure e-wallet service to e-commerce as well as having options for Cross Platform support of its services in the form of a not only mobile optimized website but also Android and iOS specific apps.

However, with the rise in economy, the other online gateways have also strapped the necessity of evolving with the times so that we can branch out into the best possible online gateway available to us in the current age and be ahead of the times always.

ePayments - epayments.com

ePayments.com is electronic payment system for those who earn money on the internet. Anyone can Open an electronic wallet and make quick online payments and withdraw their funds at any time & any place around the Globe. Instant registration and low transaction fees.

Why epayment is best -

Lowest Wire Transfer fee minimum 15$ (0.05 % )
Support Crytocurrency - withdraw & desposit money in Bitcoin, Etherium, litecoin, Bitcoin cash.
European IBAN account for payments in euro
Instant Money Transfer
Support Many Big Affiliate & Advertising companies - propellerads, exoclick, mgid, vk.
Transfer money instantly to Webmoney
Transfer & Convert money in different currencies. USD to Euro, Euro to USD, USD to BTC,
Withdraw your money easily in nearest ATM's with ePayments Card.

Paxum - Paxum.com

Paxum is the most popular choice of the technological experts to upturn the position of PayPal as the greatest online payment gateway available and it is not without solid reasons. With the small registration cost of £44.59 USD in exchange of which you will be awarded a whooping sum of £10000 withdrawal limit each month, it is safe to say that it is a unique online payment gateway which offers a secure and anonymous online financial transaction service with a dedicated support via e-mail. The corporate magnates are now preferring to make the payments to their employees through Paxum rather than PayPal which testifies to the fact that the former is gradually dethroning the latter from the number one spot.

OKPAY - okpay.com

OKPAY might seem to be just another online payment gateway at the first glance but when you dig deeper, you will find that it has its finger on the pulse of the power hungry generation who always seek to exchange their cash for some foreign currency. OKPAY affords a brilliant opportunity to those with its Bitcoin feature which makes Crypto currency easily available to us. Though like PayPal it only has cross platform website support, it gains momentum above the former by virtue of the software plug ins and non requirement of special software in order to receive Crypto currency payments globally.

Skrill - skrill.com

Probably no other online payment gateway will allow you to conduct the transfer or payment of your cash as cost effectively as Skrill would and that also includes PayPal! You can exchange your money as many as 41 currencies without any unnecessary hassle whatsoever. Skrill supports both android and iOS apps unlike PayPaland it should be your go to choice whenever you want to want a quick transaction. But you should keep in mind that the cash once exchanged would not be exchanged again for the original currency and it would be better that you invest with a hint of caution.

Payza - payza.eu

Can you imagine transferring or paying someone cash online and not being obligated to pay anything to the online payment gateway like PayPal? Seems like a dream? Well join the ever expanding community of Payza and you’ll be a changed man! With Payza you can make an online payment for free with a nominal amount being deducted from your account based on the account type to which you have transferred the money. Unlike PayPal, Payza allows you to create a single account so as to ensure your privacy and will also be given support in order to transfer your cash into Crypto currency.

Payoneer - payoneer.com

Are you someone who frequently has his money transferred across the limitations of national boundaries? Well then, Payoneer is just the thing for you! With Payoneer’s MasterCard debit card not only will you be able to exchange your money in as many as hundred currencies but would also use in two hundred countries. If you wish, you can create an anonymous single account to ensure your privacy and be provided with referral programs as and when needed unlike PayPal.

Now that, we’ve given a brief description of what these services are, let us look at the range of options available from each provider:

PayPal

Inbuilt e-commerce Payment options
Separate Personal and Business Accounts
No referral program available for personal account, but for business account in some regions.
Cross platform website support available
No support for Crypto currency available
Optional Prepaid Card available

OKPAY