eCommerce is at all-time high with transactions of millions of dollars happening every day through various online shopping platforms.
PayPal, being one of the oldest online payment provider, holds a major share in the online payment industry, and is the preferred payment mode for millions of people all around the world.
With time, PayPal has expanded its services and made online transactions fast and hassle free. However, there are certain problems with PayPal due to which many are looking for viable payment alternatives.
For example, there are a number of developing countries where PayPal does not work. This becomes a problem for companies who regularly outsource work to freelancers in those countries.
PayPal transaction charges are also on the higher side and can significantly build up over time. But perhaps the biggest reason why people are searching for PayPal alternatives is its uncertain behavior.
Many PayPal accounts have been blocked or suspended on small issues, which has caused major losses for a number of PayPal users.
With this background, here are 5 payment services that you can use as PayPal alternatives on your WordPress site.