If you live in a country where PayPal doesn’t operate, than you will need some excellent PayPal alternatives for international payments. Insider Monkey has made the great research work for you, so come ond read on! When it was launched, PayPal meant an extremely good revolution, which absolutely changed banking. It’s easy to transfer money internationally, it needs very little time, and it charges no transfer fees. It has about 300 million active users. Either you have a remote job, or you are a freelancer, getting payments via PayPal needs only a few moments. When I began my freelancer career, at first I had to open a PayPal account, which opened a totally new world for me. I was surprised to get my payments within a minute, and I could purchase things on Ebay, Vova etc very easily. Yes, establishing PayPal brought the wonderland to the simple users in many ways.
To my great surprise, PayPal was bought by Ebay in 2002, for $1.5 billion dollars! The reason of this transaction was that PayPal is the main route for Ebay customers to purchase and sell goods. Today its value is around $170 billion dollars! Nevertheless we must say that the main reason for people to use PayPal is the brand name and loyalty. During many years its customers got used to it, and the competitors found it difficult to convince the customers that their offers are as good as, or even better than PayPal’s.
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9. Ria
Transfer fees from US to Pakistan on any amount: Not available in the country
Transfer fees from US to Philippines on any amount: $0
Transfer fees from US to India on any amount: $0
It was launched in 1987, and now it operates in 397,000 locations in 160 countries! There are no transfer fees up to $500, their profits come from echanging rate.
Just to mention some fees:
Transfer fees from US to Pakistan on $100 or $200: $4.99
Transfer fees from US to Pakistan on $100 or $200: $7.99
Transfer fees from US to Philippines on $100: $1.99 if paid through PayPal or bank account, $5.99 through debit or credit card
Its services are much better than most banks’. It’s worth checking out their offers.
7. WorldRemit
Transfer fees from US to Pakistan on any amount: $3.99
Transfer fees from US to Philippines on any amount: $3.99
Transfer fees from US to India on any amount: $3.99
WorldRemit is one of the best alternatives for PayPal in the world, the fees are not high, sot it’s worth using it.
6. Payoneer
Transfer fees from US to Pakistan on any amount: $3
Transfer fees from US to Philippines on any amount: $3
Transfer fees from US to India on any amount: $3
As a matter of fact, there are lots of advantages of using this method. If you open a Payoneer account, you will get a free debit card, too, which can be used in several international countries, as well.
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5. Remitly
Transfer fees from US to Pakistan on any amount: $1.99
Transfer fees from US to Philippines on any amount: $0 with economy package and $3.99 with Express
Transfer fees from US to India: $3.99 on under $1,000 and no fees for transactions above $1,000
It’s one of the best options to transer money. There are alternatives, the Express one with which you can send money quickly via credit and debit card; and the Economic version, with which you can transfer money via bank account with lower fees.
4. MoneyGram (NASDAQ:MGI)
Transfer fees from US to Pakistan on any amount: $1.99
Transfer fees from US to Philippines on any amount: $1.99
Transfer fees from US to India on any amount: $0 from bank account, $2.99 on debit / credit card
If you transfer money with MoneyGram, you can be sure, you will have to pay very low transaction costs.
3. Transferwise
Transfer fees from US to Pakistan for every $100: $1.7
Transfer fees from US to Philippines for every $100: $1
Transfer fees from US to India for every $100: $0.9
If you have lots of international transactions, then Transferwise will perfectly suit you. It charges only nominal fees, and allows transfers up to 1 million USD.
2. XE
Transfer fees from US to Pakistan on any amount: $0
Transfer fees from US to Philippines on any amount: $0
Transfer fees from US to India on any amount: $0
It was launched in 1993 and it has more than 280 million visitors annually. It doesn’t charge any transfer fees, either as its profit is in the mid market rate.
Transfer fees from US to Pakistan on any amount: $0
Transfer fees from US to Philippines on any amount: $0
Transfer fees from US to India on any amount: $0
Unsurprisingly, Western Union hit the lost of the 9 PayPal alternatives to international payments. It operates in more than 200 hundred countries and it has at least 550,000 locations.
