PayPal has been one of the most convenient online transaction systems for Indians who are working as a blogger, web designer, internet marketer and freelancers on internet to earn money.
Although the RBI issue with PayPal is completely justified and I agree that if RBI has some problem with PayPal it is must be concerned directly with our country’s economic policies.
So, what can we do now once PayPal is down?
Well you can get the money into your bank account once you receive funds on Paypal within 7 days and then purchase from your debit card which means you are spending in rupees and not in dollars then.
I was wondering what could be the other ways to somehow remove the need for PayPal and then I came upon these 5 best alternatives of PayPal for Indians.
Best PayPal Alternatives for Indian users are :
2checkout.com has been on the internet for more than 10 years now and has been providing a fast and flexible payment option for every online e-commerce website.
It basically lets you buy on other websites that support 2checkout with your PayPal balance. It acts like your online debit card. It is fast and one of the best alternatives to PayPal for Indian Consumers.
You won’t be able to buy with 2checkout on eBay because eBay has its own Online Payment Manager called PaisaPay.
Alertpay is a popular online transaction service but it is not readily accepted by shopping websites. It is a growing eCurrency website and has interest in many countries.
You cannot buy products online with Alertpay funds since there are not too many shopping websites that has Alertpay as a payment option but if you want to withdraw funds directly to your bank account then Alterpay services are inevitable.
Alertpay directly pays in your bank account without any hassles and the tax is low too.
It has the potential to become a great alternative to PayPal but for that most of online shopping websites like Amazon, eBay etc. must treat it as a good payment options.
Google checkout is one of the safest and most secure alternatives to PayPal. If you can trust anything blindfolded with your money it is Google Checkout. Google Checkout is relatively a new service and that is the reason why many people ignore it. It searches products for you so that you don’t have to roam around searching for products and then check whether the website supports Google Checkout. You can buy with your credit card or debit card on Google Checkout.
Google has kept a directory of all the e-commerce websites that support their payment system. Let’s say you wanted to buy a mobile phone, you search for it using the model number.
Now, Google would search all the stores and show you related products. From here you can easily choose the product you want and then buy it, simple right?
The best feature offered by PayMate is that it doesn’t require the account holder to open a merchant service with a bank. Although its services are limited to only a few country looking from a sellers’ point of view but you can buy with it if you are from India.
PayMate is fast, secure and reliable alternative to PayPal.
This online payment system doesn’t work with every shopping portal only with eBay. As you know, eBay is the biggest e-commerce website on Internet with products from every field.
You can electronics, lifestyle, home and office products all at one place and that what makes PaisaPay a true alternative to PayPal for Indian Users.
For using PaisaPay you would need a bank account and debit card.
Since PayPal has stopped users from buying products online, you can transfer the PayPal funds to your bank and then buy on eBay using PaisaPay.
Xoom.com is another very good online payment processor that enables you to send money from any country to India. It accepts all sorts of Master Cards, VISA Debit Cards etc.
It is a life saver for anyone who runs an online business and was earlier using PayPal as the payment processor. With Xoom.com the client can send money directly to your bank account thus making the transaction quite simple.
Also read : Top 10 payment Gateways for India
You can add this payment processor to your online business and accept funds right at your doorstep because they offer check by courier service.