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Learn how to expertly execute global payments for streamlined accounts payable and business efficiency.
PayPal is one of the oldest online payment systems in the world, but it’s not the only one. Choosing the right financial technology for your business comes with unique challenges, and you must be discerning. Although PayPal is an ideal system for payouts, there are hundreds of alternatives—some of which may be a better fit for your business.
Key Takeaways
- The top eight PayPal alternatives include Tipalti, Revolut, Trolley, Deel, Stripe, Wise, Skrill, and Payoneer.
- The best payout platforms usually include global transaction capabilities, local currency support, multiple payment methods, low fees, and robust security.
- Costs range from subscription-based plans (like Tipalti and Deel) to per-transaction fees (like Stripe and Wise). Some platforms offer tiered pricing for different features and volume discounts for high transaction volumes.
- Companies should assess factors like global reach, payment method variety, integration capabilities, pricing, and compliance to determine the best payout solution for their specific operations.
Common features of the best online payout systems include:
- International transaction capabilities
- Deal in local currency
- Ability to send money transfers
- Low fees for everything
- Manage an online business or e-commerce platform
- Access to international networks and marketplaces
- Prepaid debit cards (usually Visa or Mastercard)
- Offers some type of working capital
The following are the top alternatives to PayPal on the market today. The first eight are the most common, and we’ve thrown in a list of additional solutions to help round out your search. Here, we look at a general overview of each brand, pricing, strengths, and weaknesses to help you determine which type of payout software is best for your business.
Top 10 PayPal Alternatives for Sending Payments
Quick Comparison Table for the Top 10 PayPal Alternatives
| Company | Price | Security | Payment Methods | Integrations | Top Feature |
|---|---|---|---|---|---|
| Tipalti | $$$ | Enterprise-grade security, OFAC compliance, tax compliance tools | Global bank transfers, PayPal, prepaid debit cards, checks | ERP and accounting platform integrations (NetSuite, QuickBooks, etc.) | End-to-end AP automation with global tax and compliance management |
| Revolut | $$ | Advanced encryption and fraud detection | Bank transfers, credit cards, Revolut-to-Revolut | API for many integrations | Multi-currency accounts and quick global transfers |
| Trolley | $$ | SOC 2 compliance with data encryption and KYC/AML checks | Bank transfers, PayPal, and prepaid cards | Payment workflow and accounting tools integrations | Payouts in over 135 currencies |
| Stripe | $$$ | PCI-DSS compliance, encryption, and fraud prevention | Credit/debit cards, ACH, and digital wallets | Extensive API and SaaS integrations | Developer-friendly payment infrastructure |
| Wise | $ | Two-factor authentication, encryption, and regulatory compliance | Bank transfers and debit/credit cards | API for business and accounting systems | Real exchange rates with low fees for global transfers |
| Deel | $$$ | SOC 2 Type II compliance, encryption, and global compliance checks | Bank transfers, PayPal, Wise, Revolut, and crypto | HR and payroll platform integrations | Global contractor and employee payments with automated compliance |
| Payoneer | $$ | Encryption, regulatory compliance, and fraud detection | Bank transfers, prepaid cards, and Payoneer-to-Payoneer | E-commerce, freelance, and marketplace platform integrations | Cross-border payments with multi-currency support |
| Skrill | $ | Encryption, two-factor authentication, and anti-fraud measures | Bank transfers, credit/debit cards, and digital wallets | Online business and e-commerce integrations | Fast, low-cost international payments |
| Remitly | $ | Encryption, two-factor authentication, and anti-fraud | Transfers, debit/credit card, and cash pickup. | Limited API and business integrations | Cash pickup options and affordable transfers |
| Hyperwallet | $$ | Encryption, PCI compliance, and fraud detection | PayPal, bank transfers, prepaid cards, and checks | E-commerce, gig economy, marketplace integrations | Mass payouts with flexible payment options, strong global reach |
Top 10 PayPal Alternatives for Digital Payments
#1) Tipalti
Tipalti is one of the best PayPal alternatives, making automating payables faster, safer, and more efficient. The end-to-end solution modernizes operations while providing an effective means to process payments internationally. Your business will thrive in a unified cloud platform with built-in tax compliance, FX conversion payouts, and highly competitive exchange rates.
Users can quickly and easily send payouts to suppliers, freelancers, and other recipients. The system also offers a variety of payment methods, including ACH, wire transfer, PayPal, and prepaid debit cards. From AP automation to virtual payment services and digital marketplaces, Tipalti is a robust platform that delivers a worldwide white-label experience.
Pricing
Tipalti offers three main packages for accounts payable and two for mass payments. These are:
Starter – $99/month
- Supplier portal for self onboarding
- W9/W8 collection and TIN validation
- AI Smart Scan invoice processing
- Flexible bill approval rules builder
- Domestic multi-entity infrastructure
- Integrations with leading ERPs
- Option to add Card and Expenses
Premium – Custom
- All Starter features
- Introductory procurement features, including intake, AI to auto-generate purchase requests and more
- Two and three-way PO matching
- Global multi-entity and multi-currency infrastructure
- Option to add Mass Payments (just like PayPal Mass Payments)
Elite – Custom
- All Premium Features
- Fully featured, customizable, and integrated Procurement solution
- Streamlined, cross-functional supplier review and communication
- Customized and advanced approval rules for purchase requests
- Budget management
- Integrations with Slack
Tipalti Strengths
- Gives you a 360-degree view of the AP process with an intuitive dashboard
- Automates financial processes to streamline operations and saves time by 80%
- Self-service supplier onboarding and tax compliance validation
- Reduces error rates by scrubbing data against 26,000 rules
- Global mass payments and fraudulent payment risk reduction
Tipalti Weaknesses
- The reporting tool can have a steep learning curve
- There have been some issues syncing specific integrations
- Once an invoice is processed, you cannot change the data
Customer Testimonial
PayPal was our only solution for the first few years, and as we grew, we were spending several hours each week paying our photographers. It was manual work with a high potential for human error. And many photographers preferred other payment methods. With Tipalti, partner interaction no longer requires any bandwidth from our team, says Smith. Photographers can change bank accounts or switch payment methods between PayPal, ACH, or wire transfers — it’s all self-service.
— Nicole Smith, Flytographer.
Read more of Flytographer’s story here
#2) Revolut
Revolut is a UK-based financial technology brand that offers a wide range of digital banking features through its mobile app. Functionality includes access to multi-currency accounts, prepaid debit cards (MasterCard or Visa), currency exchange, cryptocurrency trading, and peer-to-peer payments. The app supports spending and ATM withdrawals in 120+ currencies and enables transfers in 29 currencies directly from the platform.
Pricing
Revolut comes with three pricing plans:
Standard – Free
- No fee withdrawal
- Card customization (extra $3.99)
- Up to 5 accounts
- 24/7 customer support
- Full access to over 18 features
Premium – $9.99/month
- No fee withdrawal
- Card customization (no cost)
- Discounted international transfers (20%)
- 24/7 customer support (priority)
- Full access to over 18 features
Metal – $16.99/month
- No fee withdrawal
- Card customization (no cost)
- Discounted international transfers (40%)
- 24/7 customer support (priority)
- Full access to over 18 features
Revolut Strengths
- Competitive exchange rates with multi-currency accounts
- Seamless and fast global money transfers
- User-friendly mobile app for Apple or Android
- Broad support for digital banking
Revolut Weaknesses
- Customer service is app-based and can be slow
- Some international transfer fees and costs for weekend currency exchanges
- Better for small businesses as it’s not ideal for high-volume payments
#3) Trolley
Trolley is a global payout platform developed to help companies streamline mass payments to freelancers, social media managers, contractors, creators, and more. It supports payments in 135+ currencies, provides tax compliance, and has KYC/AML capabilities, making it ideal for managing global payments at scale.
The system simplifies workflows and reduces hours of manual work. Trolley offers key payout features, such as preferred payment types, batch transactions, automated return payments, internal approval workflows, and ERP integration.
Pricing
The Standard Pay plan is $49/month and includes wallets, checks, and international and domestic payments. It also has white-label onboarding. The Trolley Plus Pay plan includes everything in the Standard package, plus transaction/FX volume discounting and Revenu Stream (secondary revenue tools).
Trolley Strengths
- International payouts in over 135 currencies
- Integration with workflow and accounting tools
- Strong compliance with SOC 2, KYC, and AML checks
- Flexible and scalable for global clients
Trolley Weaknesses
- Pricing is a tad steep for business owners with a lower volume of transactions
- Setup and onboarding may have a sharper learner curve
- Fewer direct integrations compared to competitors like Stripe or Square
#4) Stripe
Stripe is a payment processor that offers custom APIs for e-commerce companies and mobile apps. The platform accepts over 135 different payment methods and multiple currencies and is the best software for running an online business. You can start taking payments directly through your website or app with integration.
Pricing
Stripe charges a 2.9% + 30 cents fee per transaction. Depending on your business needs, you can also opt for a customized solution with different price offerings. For country-specific rates, contact sales.
Stripe Strengths
- Intuitive, full of features, and super easy to use
- Most e-commerce software already supports Stripe
- Instant Payouts feature (for an extra fee)
Stripe Weaknesses
- It’s not a valuable product for traditional retail or brick-and-mortar stores
- Stripe does not support high-risk industries
- May need a software developer to integrate the solution
#5) Wise
Wise (formerly known as Transferwise) is a financial automation platform known for its low-cost global money transfer services. It offers multi-currency accounts, real exchange rates, and transparent fees. The system is widely used for cross-border payments and supports integrations with various accounting systems. The brand empowers companies to build global payment solutions, offering six direct connections into payout systems and 90+ banking partners.
Pricing
Wise fees are based on a percentage of the amount you send. They offer a fee calulator on their pricing page as a means of total transparency. There are no hidden markups or exchange rates. Business accounts do have a small, one-time setup fee.
Wise Strengths
- Fast and reliable international money transfers
- Easy API integrations with various accounting platforms
- Multi-currency accounts for companies of any size
- Real exchange rates with low, transparent fees
Wise Weaknesses
- Customer support has been reported to be slow
- There is no cash pickup or physical branch
- There are limited payment methods compared to competitors
#6) Deel
Based in San Francisco, Deel is a payroll and human resources tool developed to help hire, manage, and pay remote workers and global contractors. It also offers compliance support and localized contract management across 150+ countries. The system expanded its services recently by acquiring Atlantic Money and international payment services. This enables a business to consolidate and streamline global payroll operations.
Pricing
Deel offers a few plans that correspond to global payouts:
Deel Contractor – $49/month
- AI-powered tools for local compliance
- Automate local tax collection in real-time
- Deel credit card payments are flexible for contractors
Deel Global Payroll – $29/employee/month
- In-house payroll experts
- One POC for each country
- Salary and Tax payments
Deel US Payroll – $19/employee/month
- Instant tax and wage calculations
- Automate W-2,W-4, and 1099 collection
- 24/7 support and dedicated CSM manager
Deel Strengths
- Fast and reliable global payments and online transactions
- Extensive coverage in over 150 countries
- Comprehensive international payroll and compliance supports
- Localized contract management and automated tax compliance
Deel Weaknesses
- Complex pricing structure for various services with different processing fees
- Limited flexibility for companies that only need payment processing or a simple card reader
- Some users report slower customer support response times
#7) Payoneer
Payoneer is very similar to owning a PayPal account in that it offers a merchant account that provides money transfers and digital payment services. It’s the world’s go-to partner for e-commerce businesses, online stores, small companies, enterprises, and more. Payoneer also offers working capital, borderless payments, and endless opportunities for business growth.
Pricing
Pricing for Payoneer depends on what you are trying to do. Getting paid will cost you 3% of the transaction for credit cards and 1% of ACH transfers. Withdrawing funds is up to 2% of the transaction. It costs a $1.50 fee for domestic funds and a 2% fee for non-local currency. If you do not use your account, there is a $29.95 per year fee, which is waived with regular activity.
Payoneer Strengths
- Payoneer offers a 360-degree view of the AP process
- Add and save wallets in multiple currencies, including providing bank details
- Exchange rates are very reasonable and even better than similar platforms
Payoneer Weaknesses
- Customer support takes a long time to respond to urgent queries and fix problems.
- Relatively high ATM withdrawal fee (2% per transaction instead of a fixed rate)
- There is no way to recover the account after an accidental issue
#8) Skrill
Established in 2001, Skrill is a digital wallet provider that offers various online payment and money transfer services. Since its launch, Skrill has expanded its cross-border operations in over 120 countries, using 40 different currencies. Make fast and secure payments with a virtual wallet that adds convenience and safety.
Pricing
Sending and receiving money is free with a Skrill account as long as no currency conversion is involved. Any type of withdrawal costs $5.50. Making a credit card transfer also comes with a 2.99% fee. If you don’t use the account, there’s a monthly inactivity fee of $5.00. It also costs a one-time $10 application fee for the prepaid Skrill Visa card.
Skrill Strengths
- Ability to spend on European websites and transfer money outside of the US
- Omnichannel payment processing (ACH, e-commerce, mobile)
- Both pre-built and custom dashboards and reporting
Skrill Weaknesses
- User support is often inundated with queries
- Customers aren’t always notified during maintenance mode
- Accounts can be closed without warning (security is too strict)
Has your business outgrown PayPal?
How do you know when it’s time to add other payment methods to the mix?
#9) Remitly
Remitly is a mobile banking solution and international payments company that enables a business to make cross-border transactions. It’s fundamentally faster and cheaper than other tools, with a best-in-class exchange rate and an easy-to-use interface.
Pricing
Remitly fees depend on transfer speed, the amount of money you’re sending, and the recipient’s country. If you select Economy, the costs are lower, and delivery is in 3-5 business days. Express has higher fees, which may also increase if you send more money, and delivery typically takes a few minutes.
Remitly Strengths
- Highly competitive transfer rates for international transactions
- Offers quick and safe currency conversion
- Processing services are reliable and flexible for global business
Remitly Weaknesses
- There are limits on money transfers
- Cash pickup is not available in many countries
- Reports of slow customer service and support
#10) Hyperwallet
Hyperwallet is a fintech brand and global payments solution that enables localized, multi-currency payments to almost anywhere in the world. It’s a frictionless payment experience whether you’re dealing with earnings, royalties, or commissions. Hyperwallet is trusted by e-commerce and enterprises alike to distribute global funds efficiently on a single platform.
Pricing
You must contact the third-party payment processor to get an idea of the extra cost. Hyperwallet only operates and provides services through local affiliates, so the pricing is never transparent.
Strengths
- The system is easy to use with a slight learning curve
- Full-stack payout capabilities
- An excellent solution for high-volume cross-border payments
Weaknesses
- Pricing is not visible and is reported to cost more than competitors
- UX on the backend is outdated
- The setup process can be timely depending on the country
Summing it Up
PayPal isn’t the end-all when it comes to online payment systems. In addition, PayPal fees can add up quickly. Take the time first to understand your core business needs. What are the top features required? Is there a budget? How many people will be using the software? These are all great questions that should be asked at the beginning of your search.
By now, there are hundreds of accounting software platforms to choose from. Do the work upfront, and you’ll find a better fit in the long run. Regarding Tipalti vs. PayPal, the former offers robust payout features internationally. Ready to get started now? Check out Tipalti as a smart option.
