Top 17 PayPal Competitors & Alternatives in 2025

The top PayPal Competitors are Google Wallet, Wepay, 2Checkout, Authorize.net, Skrill, Intuit, Propay and others.
PayPal brought a good alternative to traditional money orders and checks. Being a global online payment company, it functions as a processor for payment to its online clients, vendors, auction sites and commercial users at a small fee

PayPal holdings Inc. was founded in the year 1998 and in 2002, its initial public offer was made. Later in the year, it became a subsidy of eBay.

In the year 2014, eBay sort plans to make PayPal an independent company. A process that was concluded towards the end of the year 2015

As at now, PayPal remains a good option for payment to eBay clients. Some of its subsidiaries include; Braintree and Bill Me Later Inc. among others.

Top 17 PayPal competitors:

1) Google Wallet

• Product Type: Digital wallet service.
• Industry: Financial technology.
• Founded: 2009.
• Founders: Vic Gundotra, Osama Bedier, and Lawrence H. Page.
• Headquarters: Mountain View, California, United States.
• Area Served: Worldwide.
• Current CEO: Sundar Pichai.

This was developed by Google to enable users to send and receive money at no cost either by using their mobile devices or personal computers at no charge. One creates a Google wallet account then links it to an existing bank account. The Wallet is available through an App that can be supported by Android 4. 0 devices and iOS 7.0 devices

With a Google wallet card, funds can be withdrawn from any ATM and purchases made in stores or at any point of sale. Again the NFC payment was its other advantage although the two were discontinued after the inception of android pay thus forming one pay system known as Google pay. Because of the deep pockets that Google has, google wallet might become one of the strongest Paypal competitors.

Around 1,281,838 total transactions online were recorded by Google Pay. Google Pay ranks 3rd in the US as their go-to mobile payment application. One of Canada’s prominent 5 online mobile payment applications is Google Play. Total Google Pay online recorded usage distribution in Russia was 35.18%. There are 67 million active users of Google Pay in India. Millennials are 30% of active users of Google Pay. 2,193 businesses worldwide use Google Pay as their primary mobile payment tool. Google Pay is available in 19 countries. Google Pay owns 36.10% of the mobile application market in India. 150 million users across 42 global markets use Google Pay and other online payment services.

2) Wepay

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2008.
• Founders: Steve DeAngelo and Andrew Chen.
• Headquarters: Redwood City, California, United States.
• Area Served:  Worldwide.
• Current CEO: Bill Ready.

Wepay has its headquarters in California and was founded in the year 2008 in Boston, Massachusetts. It employs more than two hundred people with YPE its subsidiary. Providing online money transfer service through APIs, Wepay also guarantees protection from any arising risk and fraud.

Initially, PayPal transfers were regarded as cumbersome thus Aberman and Clerico teamed up to form Wepay so as to solve those PayPal weaknesses. They then outsourced for funds and by the end of 2010, more than $10 million had been raised.

Some Wepay investors include Eric Dunn of intuiting, Steve Chen of youtube, Orlando Ramos of and Dave McClure among others.

3) 2Checkout

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2006.
• Founders: Itay Carlebach and Amir Elbaz.
• Headquarters: Miami, Florida, United States.
• Area Served: Worldwide.
• Current CEO: Mike Pyle.

Also regarded as one of the best online payment platforms, 2checkout enables buyers from anywhere in the world to make online payments to more than 100 shopping carts, more than 200 markets and 50,000 merchants globally. It also supports more than 8 payment methods, close to 100 currencies and has been translated into more than 16 languages.

Through its local payment options, 2checkout allows for fraud prevention and PCI compliance. Its enterprise partners that deal with mid-sized and large businesses are able to refer more than 30 customers in any given month, are supported by partnership managers and enjoy a higher revenue share. 2checkout has numerous tie ups with many top companies, making it one of the top Paypal competitors.

There are more than 4,00,000 customers around the globe. 2Checkout supports the above 45 payment methods. In other words, it accepts global payment methods. According to 2Checkout (Verifone) Statistics there are over 20,000 merchants using the 2Checkout platform.2Checkout is available in 37 regions of North and Central America, 61 regions in Europe, 51 regions in APAC, 71 regions in Africa and the Middle East, and 14 regions in Latam.

4) Authorize.net

• Product Type: Digital wallet service.
• Industry: Financial technology.
• Founded: 1999.
• Founders: Michael J. Perito and Scott Galit.
• Headquarters: Melville, New York, United States.
• Area Served: Worldwide.
• Current CEO: Mike Ilacqua.

Authorize.net was founded in 1996 as an e-commerce payment platform. With its headquarters in Fork, Utah, the company targets small and medium-sized business enterprises. As at the end of the year 2004, Authorize.net had close to 100,000 customers.

In the year 2004, it was acquired by Lightbridge for close to the US $85 million and later by CyberSource and Visa Inc. the acquisition was mainly to expand to other e-commerce markets, prevent fraud and promote data security.

Authorize.net allows payments through its website and via the Internet protocol (IP). It also allows its clients to input shipping information and credit card details directly to its website unlike most platforms that prompt one to sign up first

As of 2022, On average merchants handle more than $149 billion of transactions every year. United States of America has around 93.45% of the population using the Authorize.Net platform. The website has 94.70% of the organic traffic and 5.30% of the paid traffic. The platform has over 4,45,00 merchants. Net platform has around 37 features.The platform supports 14 currencies. Net has the ability to accept payments from Mastercard, American Express, PayPal, Discover, Visa, JCB, Apple Pay, and eCheck.

5) Skrill

• Product Type: Digital wallet service.
• Industry: Financial technology.
• Founded: 2001.
• Founders: Ansgar Reiners and Carsten Dittrich.
• Headquarters: London, United Kingdom.
• Area Served: Worldwide.
• Current CEO: Joel Leonoff.

Skrill Limited was established in the year 2001 and has its headquarters in 25 Canada Square, London UK. Serving global markets, Skrill employed more than 800 persons as of 2014 with revenue streams of around $330 million the same year. Some of its products include; digital wallet, PSP, Payment gateway and prepaid card among others.

Digital wallet ensures efficiency in international money transfers and also allows payments via debit or credit cards. It also takes care of different currencies, delivers customized reports and provides reconciliation insights. Skrill was initially referred to as Moneybookers and was formed with the aim of providing low-cost international money transfers. Skrill has a fantastic distribution and presence across the world because of which it is considered as one of the top paypal competitors.

Skrill claims that they have 40 million active users worldwide and they support 200 countries and 40 different currencies.Skrill has more than 120,000 merchant users. In the United States, Skrill is used on over 2,800 websites, giving it top ranking for Skrill usage by country. Skrill’s annual revenue is $200.0M to $1.0B. Skrill earns revenue from transfer fees, currency exchange fees, and other fees for their services.

6) Intuit

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 1983.
• Founders: Scott D. Cook and Tom Proulx.
• Headquarters: Mountain View, California, United States.
• Area Served: Worldwide.
• Current CEO: Sasan Goodarzi.
• Revenue: $6.018B (April 30, 2023)
• Market cap: $136.66B (August 23, 2023)
• Number of employees: 17,300 (2022)

Intuit Inc. is a company that manufactures and sells taxation and financial software to accountants and small businesses

It was founded in the year 1983 by Scott Cook and Tom Proulx. The company went public in 1993 and operates in more than 25 locations in close to 15 countries.

Intuit net income for the quarter ending April 30, 2023 was $2.087B. Intuit gross profit for the quarter ending April 30, 2023 was $5.037B. Intuit operating income for the quarter ending April 30, 2023 was $2.778B.  It was also one of the best companies to work with, the best workplace for women and the best workplace in terms of diversity.

7) Propay

• Product Type: Digital wallet service.
• Industry: Financial technology.
• Founded: 1999.
• Founders: Ken Troutman and Mark Trotman.
• Headquarters: Austin, Texas, United States.
• Area Served:  Worldwide.
• Current CEO: Ed French.

ProPay Inc. was founded in the year 1997 with the aim of providing merchant services to home-based businesses and small enterprises. With its headquarters in Lehi, Utah, ProPay provides a secure online payment platform to over a million merchants. With it, Enterprises are able to pay commissions and make split payments to multiple parties. Data privacy is guaranteed since the company produces safe solutions that protect sensitive data thus reducing additional costs that might be incurred in seeking alternative safer methods of online funds transfer. ProPay also educates merchants on the sensitivity of debit or credit card information

8) Click2Sell

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2009.
• Founders: Amy Swartz and Chuck Blahnik.
• Headquarters: Powell, Ohio, United States.
• Area Served:  Worldwide.
• Current CEO:  Jerry Moultry.

Click2sell is an online platform through which buyers can pay for purchased goods. Before one uses Click2Sell, he has to sign up and agree to the spelled terms and conditions. The main reason why Click2Sell is popular in Europe is due to the fact that it’s linked to Moneybookers thus a good alternative to PayPal

Unlike Clickbank, joining Click2Sell is free and has no activation fee. It also has a lot of currency options and charges a small fee (without hidden costs) for every completed transaction

Click2Sell also enables affiliates to promote different products by setting up individual product campaigns and tracking links

9) Dwolla

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2008.
• Founders: Ben Kaplan, Shane Hastie, and Eliott Cawley.
• Headquarters: Des Moines, Iowa, United States.
• Area Served:  Worldwide.
• Current CEO: Tim Sheahan.

Dwolla is a company based in the USA that was founded in the year 2008 with headquarters in Des Moines, Iowa. Founded by Shane Neuburg and Ben Milne to provide an online payment and mobile platform, Dwolla had more than 600,000 people subscribed to its platform

Dwolla basically transfers funds from one bank account to the other. I.e. buyer to seller account; a small fee is charged if the transaction is more than $10.

500,000 average users use Dwolla. Dwolla revenue is $10 million. Number of organisations that use Dwolla are 45.  Number of countries that Dwolla has users in is 162. Top Country for Dwolla usage is the USA. The  Awards Dwolla won are Two Prometheus Awards in the year of 2019.

Businesses using Dwolla guarantee security to their customers since no financial information is shared with merchants at any given time. It also does not use credit card numbers thereby making it most suitable for small businesses and individuals with mobile payment preferences.

10) Venmo

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2009.
• Founders: Andrew Kortina and Iqram Magdon-Ismail.
• Headquarters: San Francisco, California, United States.
• Area Served:  Worldwide.
• Current CEO: Darrell Esch.

Venmo is a subsidiary of PayPal. With Venmo mobile App, one can easily transfer funds to another person. By the end of the year 2016, Venmo had handled transactions close to the US $20 billion

It was founded in 2009 and was voted among the top financial Apps in the world. With Venmo, people can be charged money, payments made and bills split. Since its inception, it has been successful with millennials for small sums transfer

To use the App, one has to go through the sign-up process by creating an account and a credit or debit card linked to the account. For debit cards, the service is free but a transaction fee of 3 percent is in case of a credit card

With pin code to access the App, data encryption and bank-level security, only authorized transactions are guaranteed with Venmo

Venmo processed $244 billion in total payment volume in 2022. Venmo made an estimated $935 million in 2022. Over 78 million people use Venmo, most users are based in the United States. PayPal acquired Venmo in 2013 for $800 million, as part of its acquisition of Braintree

11) Braintree

• Product Type:  Digital wallet service.
• Industry: Financial technology.
• Founded: 2007.
• Founders: Braintree was founded by Bryan Johnson, Henry Kim, and Matt Harris.
• Headquarters: Chicago, Illinois, United States.
• Area Served: Worldwide.

The company specializes in web payments and mobile money transfers for online stores.

Being a subsidiary of PayPal, Braintree was founded in 2007 by Bryan Johnson so as to allow business owners reach more customers. With more than 220 million PayPal clients on its platform, the company has revolutionized online payments by ensuring a secure, global, price tailored and innovative platform to large and mid-sized enterprises

Braintree has its headquarters in Illinois, USA and operates in more than 50 countries supporting close to 150 currencies. With its Vault and uptime, customer information is securely stored and large transactions easily completed despite high traffic peaks

12) ClickBank

• Product Type: Affiliate marketing platform.
• Industry: Digital marketing.
• Founded: 1998.
• Founders: Matt Updike and Mark Perterman.
• Headquarters: Boise, Idaho, United States.
• Area Served: Worldwide.
• Current CEO: Kelly Householder.

ClickBank was founded in 1998 as an internet retailer of digital and physical products. It has close to eight million clients globally and is ranked position 87 in North America internet retailing.

Being a subsidiary of Keynetics Inc. which is one of the largest technology companies in Idaho, ClickBank has around 100,000 active account users and its website attracts more than 1.5 million affiliate marketers annually. By the end of the year 2014, the company had close to 7 million clients spread across 180 countries. ClickBank platform is user-friendly to businesses and entrepreneurs, a reason why it handles more than thirty thousand transactions every day.

13) Stripe

• Product Type: Payments processing platform.
• Industry: Financial technology.
• Founded: 2010.
• Founders: Patrick Collison and John Collison.
• Headquarters: San Francisco, California, United States.
• Area Served: Worldwide.
• Current CEO: Patrick Collison.

As of December 2017, Stripe.com employed around 1000 people. Its headquarters are in San Francisco, USA and was founded in the year 2010 by John and Patrick Collison to allow smooth and efficient transactions in e-commerce.

The company majorly serves Australia, Canada, Austria, Denmark and Belgium among other countries.

Stripe’s gross income showed a 20% growth, reaching $14 billion in 2022. Stripe’s net income, accounting for approximately 17.5% of its gross revenue, was estimated to reach roughly $2.45 billion in 2022. Stripe is used by businesses in 47 countries. Stripe has around 7,000 employees worldwide. Stripe’s presence extends across Asia Pacific, Latin America, Europe, and the Middle East, encompassing 24 office locations, including their headquarters in San Francisco and Dublin.1.14 million websites use Stripe to accept payments. 1,038,927 websites accept payments using Stripe. 996,733 active stores process payments via the Stripe platform.Stripe supports 48 payment methods across eight payment categories. Google, Amazon, Salesforce, Instacart, and Slack are some of the mentionable Stripe eCommerce customers. Around the globe, Stripe has 2 million customers.

With its well-designed APIs, Stripe allows the creation of best products i.e. crowd-funding platforms, subscription services, e-commerce stores et cetera for its users; a reason why its preferred by most technology companies. It is also designed to eliminate unnecessary complex details to ensure flexible and efficient interactions between clients.

14) TransferWise

• Product Type: Payments processing platform.
• Industry: Financial technology.
• Founded: 2011.
• Founders: Taavet Hinrikus and Kristo Käärmann.
• Headquarters: London, United Kingdom.
• Area Served: Worldwide.
• Current CEO: Taavet Hinrikus.

Its Motto being ‘money without borders’ Transferwise.com was launched in the year 2011 to ease global money transfers between clients on the online commerce platforms. It has its headquarters in London, UK. As of December 2017, its number of employs was approximately seven hundred

Compared to banks, Transferwise is way too cheap because of its real exchange rate or mid-market rate and no hidden costs. This rate is guaranteed as long as money is received in TransferWise within twenty hours.

As of 2022, Wise is LSE listed, with 13 million+ customers and over 3,000 employees. Wise customers can open multi-currency accounts to hold and exchange 50+ currencies, send payments to 80+ countries, and get paid like a local in 10 currencies. There are 35.8M to the Wise website every month. In Q3 FY2022, Wise had 250,000 active business customers.

With its ‘Send Fast’ experience, TransferWise sends money quickly and is encouraged in settling international one-off invoices.

15) Shopify Payments

• Product Type: Payments processing platform.
• Industry: Financial technology.
• Founded: 2009.
• Founders: Tobias Lütke, Scott Lake, and Daniel Weinand.
• Headquarters: Ottawa, Ontario, Canada.
• Area Served: Worldwide.
• Current CEO: Tobi Lutke.

Shopify payments are one of the simplest ways of accepting online payments. It does not need a merchant account or the payment provider account since all payments are integrated into the online store with functions that allow one to manage all operations from one point

Shopify Payments is currently available in Canada, New Zealand, Puerto Rico, Singapore, Ireland, the UK and stores in the US. It accepts major credit cards e.g. MasterCard, Visa, JCB, Diners club credit and debit cards et cetera.

With payments synched to orders, pending payout balances are easily tracked and no subscription transaction fees are charged above the card rate

16) Amazon payments

• Product Type: Online payments processing service.
• Industry: Financial technology.
• Founded: 2007.
• Founders: Amazon.
• Headquarters: Seattle, Washington, United States.
• Area Served: Worldwide.
• Current CEO: Jeff Bezos.

Owned by amazon.com, Amazon Pay was founded in the year 2005 to be used by Amazon customers in making online payments for goods purchased.

With already available information in Amazon accounts, its customers can make quick secure payments, add new customers and grow their businesses based on Amazon trust

The fact that it is free to register to amazon payments has no add-on fees, is mobile ready and guarantees fraud protection and increased sales the platform is largely trusted by customers. Its buying experience allows customers to spend less time checking out and more time shopping; a reason why it is greatly preferred by both mid-sized and large corporations. The company has its headquarters in Washington, USA

Amazon pay offers corporate payments with 1000+ amazon partner applications. Amazon pay has around 1,06,615 websites over the world. This has been increased by 7.46%. There are 3.8K offline stores that accept Amazon Pay in the United States of America. Amazon Pay ranks third as the most popular payment processor category.United States of America ranks on top for having 37,639 websites using Amazon pay. Amazon pay has 59,513 unique domains. TikTok and IMDB are two of the top Amazon pay-using websites.

17) Payoneer

• Product Type:  Online payments processing service.
• Industry: Financial technology.
• Founded: 2005.
• Founders: Yuval Tal, Michael Shpigler, and Nir Feldman.
• Headquarters: New York City, New York, United States.
• Current CEO: Scott Galit.
• Revenue: $207 million (June 30, 2023)
• Number of employees: 2,336 (2022)
• Market capitalization: $2.13B (August 22, 2023)

Payoneer was founded in the year 2005 to provide digital payment and online money transfer services to its account holders. Its number of subscribers is estimated to be around 4 million in close to 300 countries and more than 180 world currencies.

Examples of companies that use Payoneer to make payouts include; Upwork, Amazon, Airbnb, Google, Lazada, Newegg et cetera

Since its inception, the company has expanded to acquire escrow company payments in the year 2016. In the same year, an automated tax form was added to its platform to provide the necessary beneficiary information.

Payoneer Global Quarterly Net Income as of June 30, 2023 is $46 million. Payoneer Global Quarterly Gross Profit as of June 30, 2023 is $207 million. Recently, the company raised close to $250 million to expand its infrastructure and to build on its global dominance.

There are other alternatives to PayPal to consider, such as UniBee, an open source billing and payment management software.

Despite stiff competition from the above companies, PayPal has still managed to maintain its favorable market share

Liked this post? Check out the complete series on Competitors