Best Alternative Payment Solutions For Money Transfers & Online Shopping

Update #3 featuring TransferWise, Payoneer, WebMoney, Paysera & more


Every once in a while, we need a solution to either pay money or receive money either commercially or personally for services. Whether its income generated from affiliate sales or receiving money for digital products & services, it is truly important to have a payment service faster than Checks. Since we’ve abundantly faced this problem & solved it for ourselves, we decided to share our knowledge.

How do Alternative Payment Solutions Work?

We call solutions that step away from wallets as alternative payment solutions. There are many of them out there and some truly amazing and versatile than the likes of PayPal. These payment solutions allow you to send and receive money from individuals and businesses. So for instance, you can get paid directly into your account held by the payment solution provider and you can withdraw funds directly in to your bank account or head to a nearby ATM for cash withdrawal in your currency.

We have put together a handy guide for alternative payment solutions as well as a money transfer service that disrupt the traditional model and allow you to easily get paid for services & physical products.

Below are some of the alternative solutions to PayPal and even Prepaid Cards.

TransferWise money transfer service

TransferWiseTransferWise has disrupted the traditional bank transfer model and moved £1 billion transparently in 2014. They are here in the list since they give you borderless accounts in multiple currencies. Some of these currencies have their own bank accounts which act like regular bank accounts (with some limitations) This means that you can move funds from one foreign currency account to another without incurring crazy fees.  When the time comes to withdraw or pay someone, you can do it directly from your TransferWise account.  They save you over 85% of transfer fees when transferring money abroad. Transferring money is simple and fast. You simply register your account and choose the amount you want to transfer and where you want to transfer to. Pay in your local currency which is equal to the mid-market rate of the day. TransferWise then matches your transfer amount to those being transferred from your target location and both funds are settled locally into accounts. Yep for those already familiar with the system, this is the Hawala system used widely in Asia (off books).

Their pricing system is straightforward too and usually amounts to either 0.5% or 1% of fees, unless USD and SWIFT payments are involved. Even then their exchange rate alone makes up for the waiting time involved for SWIFT payments. Oh, you can use our registration link to send up to £200 for FREE (this applies to your first transfer only) to anyone whether it’s for commercial or personal purposes. They support a number of currencies including AUD, INR. PHP, PKR etc.

Read our full review of Transferwise here.

Payoneer Payment Solution*

payoneerThis is a rather unique service that allows its customers to make global payments (online) and also receive them. They have solutions for not just Small businesses but also freelancers. Payoneer has mass payout services such as prepaid debit MasterCard card, local bank transfers, branded debit cards (for companies) and a Payment Service for USD, GBP, EUR, AUD, JPY and CNH/CNY currencies.

Once you sign up with Payoneer and get verified, you get your own bank account in each of the currencies held in that country. There are restrictions of course. The account can only be used for payments being sent to you from companies and in the case of EUR account; from SEPA member countries only. The service is truly global and caters to companies and individuals from over 200 countries. There are some limitations to withdrawals for local bank accounts, however, the Payoneer card can be used to withdraw funds globally anywhere MasterCard is accepted. Another very good point in Payoneer’s favour is their fees. They are better than many service providers when it comes to FX rates and much cheaper than PayPal; making them a far better payment solution for processing international payments.

Payoneer also supports Escrow services so you can easily bill clients and take money into your escrow account knowing that your money is securely held and will be paid to you when work is complete / services are delivered. You can read the full review of Payoneer services here.

*If you sign up via the links in this post you get $50 credit once you receive the first $1000 into your Payoneer card/account in the first year.

WebMoney Payment Solution

webmoneyThis is used widely in Russia and its surrounding countries. They support a wide variety of services via purses which include, payments, withdrawals, entering into legal agreements, crowdfunding, fundraising and escrow services to name a few. For each transaction, they charge 0.8% of the payment amount though there are maximum fees set for each sort of transaction. They deal in Euro, US Dollars and Russian Rubles. Here’s a list of WebMoney’s top-up & withdrawal methods. You can see their country coverage here.

Payza payment solutionPayza Payment Solution

Payza is another wallet combined with a payment solution that spans over 190 countries and 21 currencies. Payza provides both personal and business services in most locations. They allow you to upload funds via Bitcoin (free) Bank Wire and Credit Card though, a fee applies in most cases. You can check their fee table and weigh the pros and cons of the service according to your location and requirements.

Paysera payment solution Paysera Payment Solution

This is another innovative service that offers withdrawals in WebMoney and Payza accounts in addition to local bank transfers. Paysera is  also cheaper than Western Union and MoneyGram where currency conversion is required. Paysera has many pricing tiers which may be a tad confusing at times. Luckily, sign up is free hence one can always signup and see what services are offered through the system and at the time of money transfer decide which one offers the best rate with speed of transfer.

Western Union

With a global presence in 200 countries spread across all continents and 500,000 agent locations, Western Union provides low cost cash and bank transfers globally. Its a top choice where people want to send personal funds to their family back home. Unlike some of the other services mentioned here, WU is purely a remittance / money transfer service where people in developed countries send money abroad to those in developing countries. Their charges are nominal and their transfers within hours instead of days making it a great choice for low cost transfers.

Use our links to send free transfers to Europe and /or £500 worth of transfer for £2.90 only.

Skrill payment solutionSkrill Payment Solution

Skrill has come a long way from the days when it was unknown. Though still not as widely used as PayPal, there are many services that accept money & do payouts via Skrill. They are primarily a digital wallet, with the option to load wallet via multiple methods and withdraw funds to local accounts. Their digital wallet solution is available in over 200 countries and those looking for an online payment solution should definitely check out their business site.  For personal products, you can take a look at their fee structure, currency and country support at their Skrill Fees page. Having used their service quite extensively, we can attest that uploads & withdrawals to bank accounts globally are fairly quick. All they need is to expand the Skrill prepaid debit card outside of European Union.

So that’s a wrap on some very interesting money transfer and global payment solution services. What do you think of the above? Have we missed out on any that are acceptable worldwide? Please let us know in the comments.

If you think you just need a virtual prepaid VISA card, please read our listicle on the link. Another list of VISA gift cards can be seen on our feature covering Gift Cards. If you have trouble with address and phone number, I suggest you get a package forwarding address for that country and inserting it at checkout point.

And that’s it!

If you are aware of any wallet or alternative payment solution which is super awesome, let us know in the comments below so we can review them and maybe even put them up here as an addition 🙂

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i have a paypal account but dont have credit card i want to make payment to one online website but i dont have balance in paypal account so what to do


To make a payment one always needs money. There is something call prepaid virtual cards but they are not credit cards but debit cards. Again, the money is your own and you load it into the card and then make payments. We have covered such virtual cards in our feature… Read more »

lena charles
lena charles

Your article is very good and helpful, thank you very much for this content. I have also faced many problems about money transfer but from your alternate payment solutions for money transfer, my problem becomes solve. I also share it with my friends so they can also take advantage from… Read more »


Hello ! Thanks for the info. Do you know about money transfer comparison services such as Moneytis?

Lanse Lithgow
Lanse Lithgow

I,m based in Australia, need to send money to Taiwan, & Philippines now & to Japan & Western Samoa soon

Camilo Mendez
Camilo Mendez

How about Payza or Paysera? these companies offer reasonable fees for global payment processing services. According to me, transfers are process quite fast and this makes purchasing process comfortable. I think these options also could be of use for those who buy from the USA.