Paypal alternatives (Ways to receive funds from international countries aside PayPal account (part 2)

Paypal alternatives (Ways to receive funds from international countries aside PayPal account (part 2)

Paypal alternatives continues.



Also read: Alternative to paypal part1
 This is another paypal alternatives.
 UCOLLECT is an online payment processor platform that is created by United Bank of Africa (UBA). United Bank for Africa Plc has upgraded and partially moved their entire payment platform — UBA UCollect to a whole new system, allowing their corporate customers to receive online payment from customers using their local and international Visa and MasterCard.
 This platform simplified the payment process by enabling merchants receive payments without the usual stress of Interswitch certification. Also when customers want to pay, the Merchant, they don’t need to enter the usual OTP password sent to phone or email before a transaction is authorized. This makes the payment process easier and faster for both stakeholders, one good feature that this platform has is that it is deployed FREE of charge.


* Easy integration work flow and documentation:
 The integration workflow is superb and easy for good developers. There are three ways to connect your HTTP post (in a different way), XML and JSON. The documentation is quite detailed and explanatory, except there are few other things they would have added.
 * Usage and level of acceptability:
 You can use all bank cards on this payment platform. Customer can get their local and international transactions credited to their Naira and US Domiciliary account.
 * Setup fees:
 They have partner with developers who can develop a website and integrate UBA UCollect for their customers for FREE.
 * Vulnerability (security):
 The system is safe.
 * Compatibility with Banks:
 UCollect payment gateway is provided by UBA. U-Collect is a Consolidated Internet Payment Gateway Solution which integrates multiple payment solutions available in Nigeria — VISA, Verve, MasterCard, and e-Tranzact on the Bank website.
 However, this platform does not support an Interswitch Verve card which is the indigenous and widely used card option in Nigeria. There is usually no need for OTP code sent to email or phone as the gateway is not powered by Interswitch.
 * There are already coded script for any e-commerce frame work which you can get via STORE PLUGINS for a lesser fee.


* Performance:
 The online payment platform has been performing on very low capacity due to is slow resolution of customers issues, rapid decline in customer service, deactivation of customers from UCollect payment platform without notification of Merchant, cumbersome setup process and even delay of customer application for UBA UCollect payment gateway especially when customer is requesting for international card acceptance. The new bank policy makes running of UBA UCollect more difficult, even for existing customers having UCollect. The Bank sometime ago sent an email requesting that all Web merchants (except for top corporate) should be disabled until they comply with UBA Merchant Acquisition and Evaluation framework. Sometimes, the bank request for so many irrelevant documents, which mskes this platform discouraging and frustrating. All these recent changes complicate and make operation of UBA UCollect difficult for a merchant.
 * Fast Technical support:
 Zero! They never respond as fast as you may want them to.
 * Setup convenience:
 The Bank finally published product detail of UBA UCollect on their official website.
 There are few incomplete files and missing links, which makes it cumbersome and difficult for a new web developer to integrate to the site.
 In addition, the gateway lacks a test site, which means even when integrating, you need to be using a live card for every test process. You need to understand the programming to get the integration.
 You need to approach a customer technical support person in the bank for setup. Their system is not all that complex yet they wouldn’t allow their setup process to start and finish online.
 The customer don’t have access to the backend where they will set RETURN URLS
 Success, Failure and Pending URL, you need to fill the URL on the form for the bank to update and you need to do this consistently anytime you want to do any update on the site.
 Customer has to open a corporate account with United Bank for Africa Plc(UBA) to be able to use this payment platform, like all other Banks that acts as a payment processor in Nigeria.
 Staff at the branch level do not have sufficient information on UCollect; you have to call or email the head office for enquiries and support.
 The Bank still maintains old and new UCollect payment platform to carry out their operations, which can raise suspicion for potential customer occasionally when they see two different interfaces and links on different merchants’ site.
 Customers need to spend extra cash installing an SSL security on their website. Since the UCollect platform is already secured there is no need for an SME to install SSL again.
 * Charges:
 UBA UCollect charges are quite higher:
 1.5% for local transactions — with no cap and 4% for international — no cap.

Setup fees:

No setup FEE
 SWITCH: MasterCard/Visa (local)
 TRANSACTION FEE: 1.5% of transaction amount — No CAP
 SWITCH: MasterCard/Visa (Int’l)
 TRANSACTION FEE: 4% of transaction amount — No Cap
 Interswitch Verve 1.5% of transaction amount (subject to a maximum of N2, 000).
 How to get started with UCOLLECT:
 To get started with ucollect, visit official Ucollect web page

10.) REMITA:

Remita PayPal alternatives

These are good paypal alternatives.
 Remita is a new e-Payment platform in Nigeria and an e-Collections solution developed by SystemSpecs Limited. It enables Merchants and Customers to receive and make payments on a single multi-bank platform.
 Remita is in use by many individuals, public and private sector organizations that process over 500 Billion Naira worth of transactions on a monthly basis.
 The Central Bank of Nigeria endorses Remita for the payment and collections of funds on behalf of the Federal Government of Nigeria. Remita is used by 22 commercial banks and over 400 micro finance banks in Nigeria. Remita has significantly revitalize the e-payment industry in Nigeria.
 Remita presents you with a “Push” and a “Pull” model of receiving funds. The “Push” model empowers you to push an e-Invoice to your payers to enable them to easily make payments electronically. The “Pull” model empowers your payers to either visit your website and click a “Remita-Pay-Now” button or select you as a beneficiary at Either way, your payers would be requested to complete a pre-defined form requesting for their details before proceeding to pay you easily electronically.


* Easy integration work flow and documentation:
 Remita can be integrated into a website, portal or ecommerce store. The gateway provides a standards-based REST interface which enables application developers to interact in a powerful, yet secure way with their Remita account. Developers may call the API directly over HTTPS using the language of their choice. Integration enable the corporate or merchant leverage on Remita’s diverse and seamless payment options to complete customers’ transactions in a handshake implementation known as Remita integration.
 Available methods of integration include;
 a) Downloading of Remita Plugin and checking of plugins for compatibility with your eCommerce or CMS store and download the appropriate one. Integration with a plugin is simple and doesn’t require any custom integration.
 b) Use the integration specification to adapt Remita to your specific needs. Every detail of integration, documentation and setup process are available at remita website. A new customer can begin accepting payment online with Remita within five (5) working days once integration is completed.
 * Usage and level of acceptability:
 This platform supports multiple card variants — Verve, MasterCard, Visa, Unionpay. It also supports China Unionpay.
 * It support China Unionpay
 * It’s additional transaction charge of 2% is cheaper than many payment processors fee in Nigeria
 * No withdrawal fee, Admin fee and Activation fee
 * Setup convenience:
 Remita presents a “Push” and “Pull” model of receiving funds. The Push model empowers you to push an e-Invoice to your payers to empower them to pay you easily electronically. The “Pull” model empowers your payers to either visit your website and click a “Remita-Pay-Now” button or select you as a beneficiary at In either way, they would be requested to complete a pre-defined form requesting for their details before proceeding to pay you easily electronically.
 * Vulnerability (security):
 Security of transactions isn’t a problem as there are multi-level security and control features on the platform, according to Remita. Such as: Application Secured server, Data encrypted (at rest and during transmission), multi-layer authentication features, authorization check and balance, pre-defined approval workflows (up to ten levels) and user validation (at the point of initiation and up to remittance).
 They have a comprehensive multi-party and multi-channel transaction real-time monitoring, screening and reporting structure (inclusive of the above security features).
 Example; no single person can initiate and finalize a single transaction on the platform. A combination of soft and hard tokens, biometric authentication and multiple approval levels among other security and control features are natively built into the system.
 * Compatibility with Banks:
 Remita support multiple card variants includes: Verve, Visa, MasterCard and China Unionpay Remita also comes with an optional Payroll and HR solution for full integrated processing. Remita, developed by SystemSpecs, and voted many times as Nigeria’s Software of the Year, is indeed a success story and a pride to Africa.


* Technical support:
 Their response to issues is slow. Sometimes, they ignore customers when contacted.
 * Charges:
 Their minimum charge is N100 per transaction is higher than bank gateways whose charge is 1.5% flat on the average.

Setup Fees:

FREE SETUP (No setup fee paid by customers)


MasterCard/Visa (local) — TRANSACTION FEE: 1.5% of total transaction (subject to N100 minimum and N2,000 maximum)
 Interswitch Verve (local) — TRANSACTION FEE: 1.5% of total transaction (subject to N100 minimum and N2,000 maximum)
 MasterCard/Visa (International) — TRANSACTION FEE: Additional 2% (Minimum of N100 and a Maximum of N2,500)
 Remita Prices are VAT exclusive Remita is an award winning Software Company which has received award from the Central Bank of Nigeria, Nigerian ICT Centenary Awards, and Beacon of ICT awards.
 Their customers includes: Nnamdi Azikiwe University, University of Nigeria University of Abuja, and Department of Petroleum Resources, Vconnect, Manufacturers Association Nigeria, National Open University of Nigeria, Corporate Affairs Commission and many others.
 What Can Remita do for you?
 — Make Payments from All Your Accounts in All Banks on a single platform
 — Receive Funds through Debit/Credit Cards, Branches of all Banks Nationwide, etc.
 — Automate your Payroll and deliver Payslips to all Staff.
 Who Can Use Remita?
 — Individuals to manage their personal finances
 — Public and private sector organizations of any size, structure and complexity
 To get started with Remita integration, visit their website:

11.) Western Union Money Remittance:

This is a financial service corporation that specializes in transfer of money from one location to another location. The company is based in the United States but processes financial transactions from across the world. Individuals deposit money at one of the company’s kiosks and then the receiver is able to pick up the funds at another branch.
 You can receive payment from anywhere in the world. If you’re a freelancer, this may be a good option for you — provided you have clients that are understanding..
 The company has been in existence since 1851.
 There are currently 101,000 branches in over 185 countries, it is the biggest money transferring institution on a global scale.
 However, there are also drawbacks to availing of their services. Knowing the details and process will help you decide whether or not you should do e-commerce with them.
 How to send money via Western Union;
 You can send money through the internet or by visiting any of their actual branches.
 You will be given a form to fill by indicating your name, address, the amount you want to send and the preferred mode of payment.
 You also need to indicate the full name, address and contact details of the recipient. You will be given different options to transfer the money as well as the speed of wiring. You will be required to pay a fee equivalent to about 10% of the amount you are sending. After successful wiring, you will be provided with a tracking number, which will also be used by the recipient to claim the cash.


* Funds are sent in a fast rate:
 People who expect to receive money can actually pick up their money in a matter of minutes after successful wiring by the sender.
 Western Union is your top choice if you wish to send emergency cash or do not wish to go through long processes of identification and claiming. The recipient only needs to present his identification card to receive the cash immediately. Certain city branches also offer home delivery services.
 * More places to pick up money:
 They have many locations where you can pick-up your funds around the globe. Western Union has grown to thousands of branches in almost every country so you can expect to transact in the most convenient manner and expect the recipient to get it on time in their location. Branches are generally open during office hours and weekends.
 * Reliability:
 Western Union has established its name as a trustworthy and reliable money transferring service provider. You do not have to worry about scams and problems in transferring the cash. Dollars are converted into the preferred currency at the current exchange rate. You don’t need to get any membership to wire cash to someone across the globe.


* Higher charges:
 It’s very expensive compared to other methods, especially if you are sending the money to a country whose exchange rate is high.
 * The disclaimer:
 Western Union has a disclaimer which indicates that the company will not be liable if the recipient fails to get the goods or if the goods are received in a worse condition. It frees the company from liability even if their agents may have been negligent during delivery.
 * Errors in processing of remittance:
 There are many instances when mathematical errors have been made. People sometimes also experience having the wrong currency exchanged. Others discover that their money has been claimed by a complete stranger. Customer support at Western Union is not known to be the best.
 * Possible use by scammers:
 Since an identification card and a custom transaction number is all that’s necessary to claim money, Western Union has been used as channel to fund scammers from their victims. In fact, WU is aware of these scams and makes us aware against possible fraudulent transaction.


Charges are made based on each country’s exchange rate.
 Click here to know more on their charges

12.) Skrill:

Skrill PayPal alternatives

Another paypal alternatives.
 Skrill (formerly Moneybookers) is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers.
 It is owned and operated by Skrill Limited, a UK-based company.


* No Charges on Credit Card Processing:
 Skrill does not accept credit cards and therefore it does not charge payments made through credit cards. This also helps users in averting credit fraud.
 * Services are Borderless:
 Serving in the form of an international payment platform, the services of Skrill are borderless. This payment system is the best and the cheapest method of sending money cross-border. It is very different from other payment platforms, this online payment platform has been successful in going outside western countries for establishing bank relations in different countries. It is only because of this reason that Skrill is considered one of the most dependable online payment giants throughout the world.
 * Convenient Withdrawal:
 Users get the flexibility of withdrawing money from Skrill easily at any point of time through their bank accounts because Skrill is connected to a large number of local bank accounts. Furthermore, Skrill does not specify account reserves. This is found attractive by businesses as this does not take away their profit margins.
 * Fewer Restrictions:
 It is different from other online payment platform that uses credit cards, Skrill possesses limited restrictions when it comes to security clearance. It helps in cutting the transaction time very short which is a great advantage for the users.
 * Better Transaction Charges:
 When compared to the other popular online payment options such as PayPal, Skrill charges maximum $0.25 per transaction. This is found attractive by new businesses as it does not have any bad impacts on the return figures.


* It is not Highly Acceptable:
 Skrill is not highly accepted as a payment platform in many countries. This serves as a drawback for all those people interested in overseas transactions.
 * No Financial Support:
 Skrill is not backed by banks when it comes to financial support and administration. This does not come as a guarantee for the users that their money is safe with Skrill.
 ♥ Funds sent to an email address are received instantly and the Skrill recipient can spend them or withdraw them immediately.
 ♥ using a Mobile Wallet withdrawal (instant)
 ♥ local bank or internation bank withdrawal (2–5 days), VISA card (3–7 days)

13.) Payoneer:

Payoneer PayPal alternatives

One of the best paypal alternatives.
 Payoneer is a financial services business that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider (MSP) of MasterCard Incorporated. The company is headquartered in New York City. Payoneer was founded in 2005. It is a safe, secure, and efficient Global Bank Transfer Service. There are lots of benefits of payoneer and its mastercard which you can get for free when you apply for payoneer.
 You can get your payoneer mastercard in about 10–30 days of your applying depending upon where you live. In some countries it takes more than that however , the average time is about 10- 20 days. Payoneer mastercard is the ONLY Debit Card for anyone in the world so you can get a Payoneer Debit card from every place of the world for free.


* Getting Payment From Different Affiliate Network:
 If you are making money online by any affiliate network then you can receive payments through Payoneer. Top Affiliate network companies accept payment from Payoneer such as Peerfly, Clickbank, Neverblue, Shareasale, Maxbounty and many more. So, if you are workiing as an online advertiser from affiliate network then you can receive payments from Payoneer.
 * Use your Payoneer Card to do online shopping:
 Payoneer is recognized by virtually ALL eCommerce websites in the world –Because, it holds a virtual U.S bank account. Use it to pay for products you buy from Amazon, Mrp, Aliexpress, WalMart, AliBaba and even on your local Online Shopping Sites. Your account is held in U.S dollars and will convert automatically when purchases are made in another currency.
 * Withdraw funds from ANY ATM nearby:
 As Payoneer Mastercard is an international debit card, so, you can withdraw your money from any ATM nearby which reads mastercard. And the payoneer withdrawal fee is $1 only.
 * No need of bank account:
 With payoneer you can withdraw your money without having any bank account. You just need your mastercard and a mastercard supporting ATM and you can withdraw money from anywhere you like.
 * Fastest way to receive money online:
 All of your online payments (whom you want to withdraw) just reach into your hand or wallet within 2 hours. It is because there is no bank involve between you and your online payment. You directly order your withdraw with one click and online earning transacts into your Payoneer Master card. After this, within two hours, usually you may able to receive your payment.
 * Get $25 for signing up:
 Payoneer provides referral system in which if you join with that link then you can get free $25 for your account as well as the referrer gets the same amount in their account. If you directly join in payoneer without any referral link you wont get anything. So, create an account using my link payoneer.
 One thing to remember is that
 — You should deposit $100 in the account to get the amount.
 — You should earn $100 by freelancing or any other method.It means that anyhow your account should hold minimum $100 to get that amount.


* Low Forex rates:
 Payoneer has a low forex rates which means that the currency conversion costs high. They deduce high amount of money while converting from USD to your local currency.
 * Support:
 The support provided is not so good. It takes more than 2 days to get reply to a question.
 * Higher Private Payment:
 When working for clients at times I get few high payments but they have a restrictions of 1000 USD that can be sent privately at any given point of time and there is no way you can raise this amount

14.) Bank Wire Transfer:

Bank wire transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.
 Wire transfers are immediate, reliable, safe. It is an easy and convenient option for most people
 Speed of Wire Transfers:
 Wire transfers are popular because the money moves within one or two days. Within the United States, same-day transfers are possible, and international transfers take an extra day or two.
 Cleared funds:
 These are funds whereby, the recipient does not have to wait for funds to clear before claiming or using the money because the money moves quickly. In other words, there is generally no hold placed on money received via wire transfer.
 Here is the step-by-step process by which wire transfers take place:
 You have to approach your bank and place an order to transfer a specific amount to a receiver.Then the identification of the receiver has to be furnished. Provide the International Bank Account Number (IBAN) of the customer along with the Bank Identifier Code (BIC). These two codes help in confirming the identity of the receiver.The bank that initiates the process then facilitates the transfer through safe electronic methods life Fedwire or Swift.
 The transfer is not always instantaneous. Sometimes it may take few hours or few days for the amount to show up in the receiver’s account, depending on the location of the receiver.
 Usually, a small amount is charged to the sender as well as the receiver. A fee will be deducted from the amount that is transferred to the recipient.
 However, there are bank transfers that do not involve any charge from one or both parties. These transfers without fees usually occur when the sender and receiver have their accounts with the same bank and in the same geographical location.


* Time frame:
 The payments transferred with bank wire transfers are fast and do not require a long period of time to be completed. Usually between 2 and 5 business (working) days.
 * Secure:
 Bank wire transfer enables customers to transfer money through a highly secure platform.
 * Accessible:
 As a traditional method of money transferring, bank wires are accessible across the globe. The service is available at banks, call centers and many other convenience stores worldwide.
 * Privacy:
 As this money transfer is exclusively carried out between two bank accounts, the privacy of senders and receivers is of the utmost importance. SWIFT number codes are provided in order to receive the payments, which add more privacy and security to this form of money transfer.


* Cost:
 First, bank wires are quite expensive in comparison with bank drafts and direct transfers between debit cards.
 * Authorization:
 A bank might sometimes charge a fee without the authority of the sender or receiver.
 * Performance: Bank wire transfers are performed in real time and cannot be processed in batch, so it can be inconvenient for businesses which support recurring payments.

15.) Cheques:


Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument.”


* It is more convenient than carrying cash around.
 * Payments can be stopped if necessary.
 * Cheques are safer if crossed.
 * One does not have to count notes and risk making counting mistakes.
 * A cheque can be drawn up anytime.
 * Some are negotiable and can be endorsed in favour of a third party.
 * They can be post-dated.
 * They can be traced if lost.Can be posted more cheaply.
 * A customer is send a statement at the end of each month.


* Cheques are not legal tender and other creditors may refuse to accept them.
 * They may be valueless if the drawer has no funds in his/her account.
 * Depositing cheques into an account is time consuming.
 * Cheques are not suitable for small amounts.
 * People without bank accounts will be inconvenienced by crossed cheques.
 * Banks charges are levied on cheque books and dishonoured cheques..

16.) Google wallet:

Google Wallet PayPal alternatives

Also Read: Step by step guide to use Google wallet to send and receive funds
 One of the best paypal alternatives.
 Google Wallet is an app that allows people to pay for things through their phones, rather than through a credit card or cash.
 Google wallet allows you to send and receive money through your mobile phone. When money is sent to you through Google Wallet, you can cash it out to your bank account, or withdraw it by using an ATM card on an ATM machine or spend it using your Google Wallet Card everywhere Debit MasterCard is accepted.
 Google has integrated Google Wallet and Gmail to help you send real money using your Gmail Account.


*It enables you to make fast, wireless payments at the touch of a smartphone.
 * It is convenient and it eliminates the need to carry the physical wallets
 * Easy to use
 * The app is free
 * It requires a 4-digit PIN, so you can guarantee that your payments are safe and secure.
 * It enables you to store multiple cards for easy access.
 * The app is generally easy and intuitive to navigate.


* It is not available in many counties.
 * It does not work with every phones because not all smartphones have NFC capabilities .
 * When you lose your phone , You will lose your wallet
 * when the battery dies , You will not be able to use your wallet
 * Having virtual money source may encourage people to spend more than they plan to spend
 * One would have to take his or her phone out more often to pay for things
 * People are more likely to glance over and steal your pin number
 * It’s not usable at every single store
 * It doesn’t work with some credit cards

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