Best Paypal Alternatives 2024 for E-commerce Businesses

Note that the information about the providers found in this article was taken from their respective websites on 4 October 2024. This information is subject to change.

PayPal is one of the world’s most recognised payment gateways. However, for some businesses, it might not be the best fit due to high costs or missing features.

Finding the right third-party payment processor can feel overwhelming. If you’re considering PayPal alternatives for your business, we’ve put together a list of options to help you decide.

Top Four PayPal Alternatives

Payoneer

The first on our list of companies like Paypal is Payoneer, an American payment company founded in 2005. It serves businesses, marketplaces, and freelancers with digital payments and online transfers.

For e-commerce, Payoneer offers Payoneer Checkout, a payment gateway that lets merchants accept payments on their websites. It supports 120+ payment methods like credit cards, local bank transfers, and ACH debits.

Integration is straightforward. Payoneer provides plugins for platforms like Shopify and WooCommerce. It also offers embedded or hosted payment pages.

The platform has strong security. All payments are monitored by advanced fraud detection systems. It also has dispute management with pre-dispute alerts and a dedicated chargeback team.

For easy payment requests, there’s a streamlined invoicing feature. This is ideal for freelancers and service-based businesses.

Payoneer allows free payments between users within its network. However, for external payments, fees can go up to 3.99% for credit cards in any currency, with an additional fixed fee of $0.49 in some countries. ACH bank debits in the US come with a 1% fee, while using PayPal in the US costs 3.99% + $0.49.

Payoneer fees in USD, as of 4 October 2024. For the most accurate and up-to-date details, visit the provider’s official website.

Payoneer is focused on the US market, which means merchants in the UK and Europe have limited options. This often results in higher fees for businesses operating in these regions.

Stripe

Another example of a good Paypal alternative is Stripe, an Irish-American fintech software-as-a-services (SaaS) company that offers payment for e-commerce websites and mobile applications, founded in 2010. Its payment suite includes APIs, pre-built UIs, and no-code solutions for easy integration. Stripe is a great Paypal alternative for international businesses.

Stripe Checkout is a ready-to-use payment gateway that can be embedded into websites using APIs or set up as a Stripe-hosted page. It supports one-time payments and subscriptions, and works with over 30 languages and 135+ currencies.

Checkout also shows the most relevant payment options to increase conversions. Stripe’s Link provides a native one-click checkout for returning customers.

Meanwhile, for businesses needing more flexibility, Stripe Elements offers custom UI components to create tailored payment flows. Stripe Connect integrates payments into platforms like Shopify or DoorDash, making it ideal for e-commerce and marketplaces.

Stripe also has no-code options. Merchants can use payment links to generate a payment page and share it directly with customers, no website needed.

For security, Stripe relies on Stripe Radar, its machine learning-based fraud prevention system. It also offers Acceptance Optimisation to increase successful transaction rates.

Stripe supports over 100 global payment methods, including real-time payments, bank transfers, Buy Now, Pay Later (BNPL) options, digital wallets, and more.

Below is an overview of Stripe’s fee structure, but for the most accurate and up-to-date details, visit Stripe’s official website.

Stripe fees in EUR, as of 4 October 2024. For the most accurate and up-to-date details, visit the provider’s official website.

Noda

Noda is the perfect alternative to PayPal payments for e-commerce merchants. We offer a wide range of payments and data tools.

In terms of accepting payments, we offer card payments and payouts and pay-by-bank payments and payouts via Open Banking API, providing a smoother experience for your customers with lower fees and no chargebacks. Noda currently partners with over 16,500 banks in 27 countries, supporting many currencies.

Pay-by-bank integration is also available via With Noda’s plugins for popular e-commerce platforms like OpenCart, WooCommerce, Magento, and PrestaShop.

E-commerce merchants can integrate Noda’s checkout form with seamless UX, AI-powered routing and acceptance recovery technology. No-code payments are also available via embedded payment links and QR codes.

In terms of its data suite, we offer secure, one-click sign-in with bank credentials as well as Know Your Whales (KYW) - predictive financial insights for merchants.

Our tools help with everything from customer verification to enhancing user experience and providing valuable user insights. Our pricing is based on transaction volume. Noda is designed to streamline your payment processes and support your business growth.

Adyen

Adyen is another alternative to Paypal for businesses. Adyen is a Dutch company, founded in 2006, which enables businesses to accept e-commerce, mobile and point-of-sale payments.

Adyen’s Web Payments feature helps businesses build optimised checkout experiences across all devices, including desktops, tablets, and mobile. It also adapts to users’ locations to offer the most relevant options.

Adyen supports 94 global payment methods, covering credit cards, popular digital wallets, and Buy Now, Pay Later (BNPL) options.

For mobile payments, Adyen’s In-App Payments provides a seamless in-app checkout experience. Meanwhile, Pay-by-Link lets merchants send a secure link to customers, enabling them to pay without needing to navigate away from the platform.

Adyen’s security features help reduce fraud and minimise disputes. It includes customisable risk controls, dynamic 3D Secure, and automated risk assessments, though some advanced tools are available only to premium users.

Adyen Unified Commerce links online and in-store payments, giving businesses a complete view of their customers’ activities. For marketplaces, Adyen Embedded Payments allows them to handle sign-ups, sales, and payouts in one streamlined system.

Adyen fees in EUR, as of 4 October 2024. For the most accurate and up-to-date details, visit the provider’s official website.