Suggestions for Paypal Alternatives?

[Brian]

After 20 years I just closed my Paypal account. Their recent revised user policies got to be too much for me to put up with. Despite some statements made, a search on the Paypal site still shows the "we can take $2500 from your account" at their discretion.

Moved recurring charges from Paypal to other sources, setup a credit card for Ebay.

Paypal made things easy for the classified ads here and on other sites. May make it easier to spend less money!

Are their some good alternatives that people are using here?

 

[doobs]

Interested in alternatives as well.

 

[John King]

After 20 years I just closed my Paypal account. Their recent revised user policies got to be too much for me to put up with. Despite some statements made, a search on the Paypal site still shows the "we can take $2500 from your account" at their discretion.

Moved recurring charges from Paypal to other sources, setup a credit card for Ebay.

Paypal made things easy for the classified ads here and on other sites. May make it easier to spend less money!

Are their some good alternatives that people are using here?

My wife and I have three accounts each. One each has a debit MasterCard attached. These are not connected to our other accounts. We top them up as necessary. It usually takes our bank around 5 minutes to transfer funds into them. Almost never have more than $1,000 in either of them.

NEVER use our credit MasterCards on the internet.

 

[Kevin]

Are their some good alternatives that people are using here?

Depends on what the goal is.

For person-to-person transfers, Zelle is pushed in the US as its supported directly by a bunch of banks (it's actually integrated, for example, with my banks mobile app). Venmo is another popular choice but it has it's own issues. I have not dug deep into either since my circle of family & friends don't use digital payments to each other.

For payment processing Stripe is what I've been looking at as an alternative to PayPal.

 

[Jpawlowski]

VENMO IS OWNED BY PAYPAL ......DELETE IT TOO ......

 

[Kevin]

VENMO IS OWNED BY PAYPAL ......DELETE IT TOO ......

Ah, interesting, I didn't know that Venmo was bought out by PayPal.

 

[agentlossing]

Apps like Zelle and Venmo may not have purchaser protection, since they are intended more for person-to-person payments. PayPal has gotten rather onerous, but they still do offer a form of protection as well as integrated shipping/payments/tracking as well which makes them good for business transactions. I am not happy about the tax reporting for $600 or more, however.

 

[RichardC]

For payment processing on my website I use Worldpay as the promoted choice. Much cheaper overall than PayPal but I hear that PayPal are revising their debit card rates imminently.

I mentioned to one of Worldpay's CS agents that I hadn't had a chargeback since joining 10 years ago, the reply was "well, we don't make it terribly easy".

I still accept PayPal though and to be fair, I've not had an issue with them in years either. It very much depends what you sell, where you sell it, and who you sell it to.

Paypal + Ebay was always going to hook you up with the odd wrong 'un.

 

[rpracing]

Having issues with them cancelling my account. They "limited" it after someone sent me $1100 by mistake (yes the guy got it back right away). Since then they have limited it. Now they WANT a copy of my drivers license, bank account numbers, ssn, and what not to cancel the account. Told them I was NOT giving them anything and to cancel my account or I contact my states Attorney General. Only reply I got from them was a phone number to call. I've cancelled more secure accounts than paypal easier. Right now they are losing people left and right over this last AUP update of theirs even though they "claim" it was an accident but yet its still in their new AUP. We all know nothing gets put in there unless it goes through their law teams.