The 5 best alternatives to PayPal for businesses in 2024

• Supports all major credit cards, 135+ international currencies, crypto, and ACH debit and credit transfers

• Simple, low-cost added fee for international transactions and currency conversions

Stripe cons: 

Stripe and PayPal are two of the most popular payment processors, and they share a lot of the same features. For example, both accept all major credit cards; you can check out customers online and in person; and you’ll get similar safeguards like data encryption, 2FA, and fraud detection. 

But here’s where they really differ: pricing.

PayPal has a seriously complicated fee schedule that adds up quickly. Basics like a virtual terminal or a recurring payment tool require a subscription plan plus an added fee. Stripe, on the other hand, doesn’t require a premium subscription to access advanced features. And advanced features cost only a small additional per-transaction fee—usually a few cents or a few tenths of a percentage point. 

If you want to keep fees low at scale and are comfortable with light coding or outsourcing some implementation to get set up, Stripe is hands down the way to go. But if you want more out-of-the-box simplicity—and don’t mind higher fees and more complicated pricing—stick with PayPal.

Stripe has a bottomless pit of extras—but you can extend its capabilities even further by connecting Stripe with Zapier. Automatically get Slack notifications for new Stripe sales, create QuickBooks customers for new Stripe payments, and connect Stripe to your entire tech stack. Learn more about how to automate your payments with Stripe, or get started with one of these pre-built workflows.

Stripe pricing: Fees vary by transaction type; 2.9% + $0.30 per online credit card transaction.  

Learn more about how these two apps stack up: Stripe vs. Paypal.  

The best PayPal alternative for an all-in-one eCommerce solution

Shopify Payments 

Shopify Payments pros:

Shopify Payments cons:

Shopify offers everything you need to sell online: website, marketing tools, and Shopify Payments. PayPal, on the other hand, doesn’t give you a way to build a website and market your business—it was built as a payment processor. But that’s what makes Shopify the ideal PayPal alternative for eCommerce businesses. 

Using Shopify’s native payment solution saves you the time—and potentially headache—of configuring and integrating a third-party platform, especially if your store’s inventory rotates a lot. 

And as you go up in paid tiers, you unlock more features and get slightly reduced payment processing fees (down to a minimum of 2.4% + $0.30 per transaction). 

If you’re new to the eCommerce space, Shopify also offers plenty of high-quality help to get you started. You don’t have to be a technical expert or coding wizard—just bring time and curiosity, and you’ll be able to build your store. To activate the online payments, submit your business details, wait for confirmation, and that’s that.

You can also integrate Shopify with Zapier to connect your eCommerce apps and automate the boring stuff. Here’s how to automate your Shopify store, or you can take a look at these workflows for some inspiration.

Shopify pricing: Basic plan for $29/month (billed annually) includes unlimited inventory, 10 inventory locations, and standard analytics; Shopify plan for $79/month includes 5 staff accounts and lower payment processing fees. 

Shopify payment processing fees: starts at 2.9% + $0.30 per transaction. 

The best PayPal alternative for selling in person and on social media 

Square

Square pros:

Square cons:

If your business sells primarily via social media apps like Instagram and Facebook, another solid PayPal alternative to consider is Square. And similar to Shopify, Square lets you build an eCommerce website and process payments. 

Because Square integrates with Instagram and Facebook, you can add your products and manage your inventory, and that information syncs automatically to your profiles. You can even chat with your customers without leaving Square using the Messenger integration it offers. The setup process is a bit lengthy and requires attention to detail, but the time you’ll save with it in the future pays off. 

Square accepts online credit card payments, ACH bank transfers, and gift cards. But it also has a lot of extras, like buy now and pay later support. Unlike PayPal, Square doesn’t offer payment method badges or a “processed securely by Square” note, so you’ll want to add those to your website to give customers a sense that it’s safe to shop online with you. 

If you decide to sell both online and offline, Square also offers a robust hardware selection and advanced POS features. 

By using Zapier’s Square integration, you can do so much more than just send invoices and process payments. For example, you can automatically update your inventory tracker after a sale goes through and add new customers to your email marketing list. Here are popular ways to automate Square, plus some pre-made workflows to get you started. 

Square pricing: Free plan includes invoices, payment reminders, and a virtual terminal; Plus plan starts at $29/month. The highest plan (Premium for $79/month) lowers the transaction fee to 2.6% + $0.30.

Square payment processing fees: Fees vary by transaction; 2.9% + $0.30 for online credit card transactions (2.6% + 0.30 for Premium plan subscribers). 

The best PayPal alternative for B2B sales

HubSpot Payments

HubSpot Payments pros:

HubSpot Payments cons:

No one loves friction. When selling products or services to other businesses, it’s best to have a payment flow that’s easy to use. While you can theoretically process B2B payments with PayPal, it makes more sense to use a purpose-built payment processor instead. 

Take HubSpot Payments, for example. Part of the HubSpot Commerce Hub feature set, Payments adds payment processing on top of a mountain of possibilities. It’s seamlessly connected to all other parts of this sales software, so you can manage your business relationships, marketing, website, content, and operations from the same place. 

You can use it to quickly turn proposals into a payment link. And your customers can pay in a good-looking payment form, so you can lock in those dates or send those products right away. The main drawback is that Payments is available only to companies based in the United States. 

The actual payment infrastructure belongs to Stripe, with HubSpot charging 2.9% (no extra fees) for each transaction. A piece of advice: don’t connect your Stripe account to HubSpot for processing payments. If you do, you’ll end up paying both apps’ processing fees, bringing the total to 3.4% + $0.30 per transaction instead.

Since this new product is all about streamlining your work and saving time, you can keep doing that by connecting HubSpot and Zapier and making your tech stack work as one. Here are some ideas to get you started, or you can take a look at more ways to automate your business operations in HubSpot.

HubSpot Payments price: 2.9% per transaction. Active HubSpot CRM Starter subscription required starting at $20/month.

The best PayPal alternative for free invoicing software for growing businesses

Wave

Wave pros:

• Super user-friendly, even on mobile

• Built-in native payment processor

Wave cons:

Getting paid is great, but sending invoices can be painful. If you’ve been using PayPal for invoicing, Wave offers free invoicing software that makes the billing process a whole lot easier. It’s a full-featured business app that lets you send invoices, access detailed reports, track where your cash goes, and (if you need it) reconcile your accounts for free. 

Wave’s invoicing features are intuitive to navigate and include several templates, so you can customize the layout and design. And with Wave’s mobile app, you can do it from anywhere. 

PayPal also offers customizable invoices and a mobile app, but it’s the additional features you get with Wave, like tax filing and payroll, that make it a solid PayPal alternative for growing businesses. You can even use Wave Money as your main business bank account. There’s a good chance you’ll need these additional features down the road. While the upgraded features aren’t free, they are affordable. Payroll, for example, starts at $20/month. 

You can connect Wave to Zapier to automate even more of your invoicing workflows. Learn more about how to automate Wave, or try these pre-made workflows.

Wave pricing: Free plan includes online payments, and unlimited invoices and clients; Pro plan starts at $170/year (billed annually) and includes the option to accept online payments at a discounted rate. 

Wave payment processing fees: 2.9% + $0.60 per transaction for card payments (3.4% + $0.60 for card payments from American Express); 1% per transaction for bank payments (ACH). 

Other alternatives to PayPal 

While the five apps listed above are some of the best alternatives to PayPal, there are a few other apps that are worth checking out—especially if you’re looking for a PayPal alternative that’s suitable for individuals and businesses. 

• Skrill for sending and receiving money. You can use it with individuals (for example, up-and-coming solopreneurs) and eCommerce websites. 

• Payoneer for money transfers and online payments. It supports payments in over 70 currencies, making it a solid option for international eCommerce businesses. 

• Mobile payment options like Google Pay (for Android devices), Apple Pay (for Apple devices), and Venmo (accessible only in the United States).

Which PayPal alternative should you use? 

There are a lot of factors to consider when deciding which PayPal alternative you should go with (why, yes, I am sidestepping the question and not giving you the answer everyone hates, which is “it depends”). 

If there’s an alternative on this list that piques your interest, ask yourself: 

• Does it integrate with your selling platform? 

• Does it support the transaction types you use? 

• Does it have the features you need, such as payment processing and invoicing? 

• Do the fees make sense for my volume of sales? 

If the answer is “yes” to all of the above, that’s a pretty good indication that you’ve found the right PayPal alternative for your business. 

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